Dynamic Technology Lab Private Ltd Buys 1,521 Shares of Celestica, Inc. $CLS

Key Points

• Dynamic Technology Lab Private Ltd raised its holdings in Celestica, Inc. by 32.0%, with a total of 6,280 shares valued at approximately $495,000.
• Celestica's recent earnings report showed an EPS of $1.39, exceeding analysts' expectations of $1.23, with a revenue of $2.89 billion for the quarter.
• Institutional investors own 67.38% of Celestica's stock, indicating significant interest from large investment firms.

Dynamic Technology Lab Private Ltd raised its position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 32.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,280 shares of the technology company's stock after acquiring an additional 1,521 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Celestica were worth $495,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Freedom Investment Management Inc. increased its position in shares of Celestica by 1.5% during the first quarter. Freedom Investment Management Inc. now owns 6,360 shares of the technology company's stock valued at $501,000 after buying an additional 96 shares during the period. First National Bank of Hutchinson increased its position in shares of Celestica by 2.5% during the first quarter. First National Bank of Hutchinson now owns 4,914 shares of the technology company's stock valued at $387,000 after buying an additional 120 shares during the period. Private Trust Co. NA increased its stake in shares of Celestica by 14.1% during the first quarter. Private Trust Co. NA now owns 993 shares of the technology company's stock valued at $78,000 after purchasing an additional 123 shares in the last quarter. Csenge Advisory Group increased its stake in shares of Celestica by 7.1% during the first quarter. Csenge Advisory Group now owns 2,593 shares of the technology company's stock valued at $218,000 after purchasing an additional 171 shares in the last quarter. Finally, Bay Rivers Group increased its stake in shares of Celestica by 1.1% during the first quarter. Bay Rivers Group now owns 19,494 shares of the technology company's stock valued at $1,536,000 after purchasing an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on CLS shares. BMO Capital Markets reaffirmed an "outperform" rating and set a $130.00 target price (up previously from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Canaccord Genuity Group raised their target price on shares of Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. raised their target price on shares of Celestica from $225.00 to $295.00 and gave the company an "overweight" rating in a research note on Monday. UBS Group reaffirmed a "neutral" rating and set a $208.00 target price (up previously from $101.00) on shares of Celestica in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada raised their target price on shares of Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $174.75.

Celestica Stock Performance

CLS traded down $4.09 during trading on Friday, hitting $241.65. The company's stock had a trading volume of 2,132,341 shares, compared to its average volume of 4,248,785. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48. Celestica, Inc. has a one year low of $44.46 and a one year high of $257.40. The firm has a market cap of $27.80 billion, a PE ratio of 52.30 and a beta of 1.89. The business's 50 day simple moving average is $191.32 and its 200-day simple moving average is $133.91.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.16. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same period last year, the firm earned $0.91 earnings per share. The company's quarterly revenue was up 21.0% on a year-over-year basis. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. As a group, sell-side analysts predict that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

About Celestica

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.