Celestica, Inc. $CLS Stock Holdings Increased by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. increased its investment in Celestica, Inc. by 124.9%, acquiring an additional 21,666 shares, making it the firm’s 7th largest position.
• Celestica recently reported $1.39 earnings per share for its last quarter, exceeding estimates and marking a 21% year-over-year revenue growth.
• Analysts have upgraded Celestica with multiple buy ratings, and the average target price for the stock is currently set at $168.92.

Fox Run Management L.L.C. lifted its position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 124.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,016 shares of the technology company's stock after purchasing an additional 21,666 shares during the period. Celestica comprises approximately 0.5% of Fox Run Management L.L.C.'s portfolio, making the stock its 7th largest position. Fox Run Management L.L.C.'s holdings in Celestica were worth $3,075,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CLS. Rothschild Investment LLC purchased a new stake in shares of Celestica during the 1st quarter worth $26,000. ORG Partners LLC purchased a new stake in shares of Celestica during the 1st quarter worth $29,000. Center for Financial Planning Inc. purchased a new stake in shares of Celestica during the 1st quarter worth $30,000. Bessemer Group Inc. purchased a new stake in shares of Celestica during the 4th quarter worth $42,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Celestica by 1,516.7% during the 1st quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock worth $54,000 after purchasing an additional 637 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Stock Performance

NYSE CLS traded down $10.9380 during trading on Tuesday, reaching $183.9420. The company's stock had a trading volume of 2,020,113 shares, compared to its average volume of 4,339,740. 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 firm has a market cap of $21.16 billion, a price-to-earnings ratio of 39.59 and a beta of 1.80. Celestica, Inc. has a twelve month low of $40.65 and a twelve month high of $218.80. The business's fifty day moving average price is $165.88 and its 200-day moving average price is $123.62.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period in the previous year, the business posted $0.91 earnings per share. The business's revenue 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, analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CLS shares. Canaccord Genuity Group lifted their price objective on shares of Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price target on shares of Celestica from $170.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Argus cut their price target on shares of Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. CICC Research initiated coverage on shares of Celestica in a research note on Tuesday. They set an "outperform" rating on the stock. Finally, UBS Group reiterated a "neutral" rating and set a $208.00 price target (up from $101.00) on shares of Celestica in a research note 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 issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $168.92.

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.