Fortis Capital Advisors LLC Makes New Investment in Celestica, Inc. $CLS

Key Points

• Fortis Capital Advisors LLC has made a new investment in Celestica, Inc. by acquiring 2,200 shares valued at approximately $343,000.
• Celestica's quarterly earnings surpassed analyst estimates, reporting $1.39 EPS against an estimate of $1.23, with revenues reaching $2.89 billion.
• Multiple analysts have increased their target price for Celestica, with JPMorgan Chase raising it to $295.00 and BNP Paribas setting it at $300.00, indicating strong market confidence.

Fortis Capital Advisors LLC acquired a new position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,200 shares of the technology company's stock, valued at approximately $343,000.

Several other institutional investors have also recently bought and sold shares of CLS. Voya Investment Management LLC raised its holdings in Celestica by 362.8% during the first quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company's stock worth $146,122,000 after buying an additional 1,453,473 shares during the last quarter. Alkeon Capital Management LLC acquired a new position in Celestica during the first quarter worth $96,936,000. Alliancebernstein L.P. raised its holdings in shares of Celestica by 405.5% in the first quarter. Alliancebernstein L.P. now owns 731,937 shares of the technology company's stock valued at $57,684,000 after purchasing an additional 587,145 shares during the last quarter. JAT Capital Mgmt LP purchased a new stake in shares of Celestica in the first quarter valued at about $40,077,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Celestica in the second quarter valued at about $75,691,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Price Performance

CLS opened at $234.08 on Friday. The firm has a market cap of $26.93 billion, a P/E ratio of 50.67 and a beta of 1.88. The firm has a 50-day moving average of $219.11 and a 200 day moving average of $151.41. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. Celestica, Inc. has a fifty-two week low of $52.25 and a fifty-two week high of $261.83.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted 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. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.65 billion. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The firm's revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 earnings per share. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. On average, research analysts expect that Celestica, Inc. will post 4.35 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Celestica from $225.00 to $295.00 and gave the company an "overweight" rating in a report on Monday, September 8th. BNP Paribas reiterated an "outperform" rating and issued a $300.00 target price on shares of Celestica in a report on Thursday, September 25th. Citigroup increased their target price on shares of Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Weiss Ratings reiterated a "buy (b)" rating on shares of Celestica in a report on Saturday, September 27th. Finally, UBS Group reiterated a "neutral" rating and issued a $208.00 target price (up previously from $101.00) on shares of Celestica in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $207.38.

Celestica Company Profile

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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