Federation des caisses Desjardins du Quebec Reduces Stock Holdings in Celestica, Inc. $CLS

Key Points

• The Federation des caisses Desjardins du Quebec reduced its holdings in Celestica, Inc. by 22.5%, owning 44,503 shares valuing approximately $3.51 million after selling 12,953 shares during the first quarter.
• Several institutional investors showed interest in Celestica, with notable increases in holdings, such as Farther Finance Advisors LLC raising its position by 1,516.7%.
• Celestica posted earnings of $1.39 EPS, surpassing estimates, with a revenue increase of 21.0% year-over-year, prompting analysts to rate the stock as a consensus "Buy".

Federation des caisses Desjardins du Quebec lowered its holdings in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 22.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,503 shares of the technology company's stock after selling 12,953 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Celestica were worth $3,508,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Rothschild Investment LLC acquired a new stake in Celestica during the 1st quarter worth about $26,000. ORG Partners LLC purchased a new stake in shares of Celestica in the first quarter worth about $29,000. Center for Financial Planning Inc. acquired a new stake in Celestica during the first quarter worth about $30,000. Farther Finance Advisors LLC raised its position in Celestica by 1,516.7% during the first quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock valued at $54,000 after acquiring an additional 637 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd lifted its holdings in Celestica by 8,910.0% in the first quarter. Gordian Capital Singapore Pte Ltd now owns 901 shares of the technology company's stock valued at $71,000 after acquiring an additional 891 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. CICC Research began coverage on shares of Celestica in a research note on Tuesday, August 19th. They set an "outperform" rating on the stock. BMO Capital Markets reissued an "outperform" rating and set a $130.00 price target (up from $118.00) on shares of Celestica in a report on Thursday, May 22nd. UBS Group restated a "neutral" rating and set a $208.00 price target (up previously from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. Finally, Wall Street Zen raised shares of Celestica from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $168.92.

Celestica Stock Performance

NYSE:CLS opened at $242.83 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. The stock has a market capitalization of $27.93 billion, a PE ratio of 52.56 and a beta of 1.89. Celestica, Inc. has a fifty-two week low of $40.65 and a fifty-two week high of $257.40. The company has a fifty day moving average of $183.98 and a two-hundred day moving average of $130.46.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $2.65 billion. During the same quarter last year, the business earned $0.91 earnings per share. The company's revenue for the quarter was up 21.0% compared to the same quarter last year. 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, research analysts forecast that Celestica, Inc. will post 4.35 earnings per share 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.

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