Fiduciary Financial Group LLC Acquires New Position in Celestica, Inc. $CLS

Key Points

• Fiduciary Financial Group LLC has acquired a new stake in Celestica, Inc., purchasing 3,519 shares valued at approximately $524,000 during the second quarter.
• Celestica's latest quarterly earnings report revealed $1.39 earnings per share, topping analysts' estimates, with a revenue of $2.89 billion, marking a year-over-year increase of 21.0%.
• Analyst ratings on Celestica have been upgraded, with price targets raised by Canaccord Genuity Group to $240.00 and Barclays to $220.00, indicating strong investor confidence in the stock.

Fiduciary Financial Group LLC acquired a new stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,519 shares of the technology company's stock, valued at approximately $524,000.

A number of other large investors also recently modified their holdings of the company. Freedom Investment Management Inc. raised its holdings in shares of Celestica by 1.5% during the 1st 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 in the last quarter. First National Bank of Hutchinson grew its position in Celestica by 2.5% during the 1st quarter. First National Bank of Hutchinson now owns 4,914 shares of the technology company's stock worth $387,000 after acquiring an additional 120 shares during the last quarter. Private Trust Co. NA grew its position in Celestica by 14.1% during the 1st quarter. Private Trust Co. NA now owns 993 shares of the technology company's stock worth $78,000 after acquiring an additional 123 shares during the last quarter. Anchor Investment Management LLC grew its position in Celestica by 15.0% during the 1st quarter. Anchor Investment Management LLC now owns 1,150 shares of the technology company's stock worth $91,000 after acquiring an additional 150 shares during the last quarter. Finally, Csenge Advisory Group grew its position in Celestica by 7.1% during the 1st quarter. Csenge Advisory Group now owns 2,593 shares of the technology company's stock worth $218,000 after acquiring an additional 171 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Trading Down 1.7%

NYSE CLS opened at $241.65 on Friday. 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 twelve month low of $44.46 and a twelve month high of $257.40. The firm has a market capitalization of $27.80 billion, a PE ratio of 52.30 and a beta of 1.89. The stock's 50 day moving average is $192.94 and its 200 day moving average is $134.84.

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, beating the consensus estimate of $1.23 by $0.16. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period in the previous year, the company posted $0.91 earnings per share. The firm's 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. Research analysts forecast that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CLS shares. Canaccord Genuity Group raised their price target on Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Barclays lifted their price objective on Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. BMO Capital Markets reiterated an "outperform" rating and issued a $130.00 price objective (up from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. CICC Research assumed coverage on Celestica in a research report on Tuesday, August 19th. They issued an "outperform" rating on the stock. Finally, UBS Group reiterated a "neutral" rating and issued a $208.00 price objective (up from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $174.75.

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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