Freedom Investment Management Inc. Has $698,000 Stock Position in Celestica, Inc. $CLS

Key Points

• Freedom Investment Management Inc. reduced its stake in Celestica, Inc. by 29.7%, holding 4,473 shares valued at $698,000 after selling 1,887 shares in the second quarter.
• Celestica recently reported a quarterly EPS of $1.39, surpassing analyst expectations, with revenue increasing by 21.0% year-over-year to $2.89 billion.
• Institutional investors own 67.38% of Celestica's stock, with several firms significantly increasing their positions in the company during the first quarter.

Freedom Investment Management Inc. decreased its stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 29.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,473 shares of the technology company's stock after selling 1,887 shares during the period. Freedom Investment Management Inc.'s holdings in Celestica were worth $698,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CLS. Voya Investment Management LLC lifted its position in Celestica by 362.8% during the 1st quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company's stock valued at $146,122,000 after purchasing an additional 1,453,473 shares during the period. Alkeon Capital Management LLC acquired a new position in Celestica during the 1st quarter valued at about $96,936,000. Alliancebernstein L.P. lifted its position in Celestica by 405.5% during the 1st 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 period. JAT Capital Mgmt LP acquired a new position in Celestica during the 1st quarter valued at about $40,077,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Celestica during the 2nd quarter valued at about $75,691,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Stock Performance

Shares of CLS stock opened at $296.76 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. The stock has a market cap of $34.14 billion, a PE ratio of 64.23 and a beta of 1.88. The stock has a 50-day moving average of $238.39 and a 200-day moving average of $169.67. Celestica, Inc. has a one year low of $58.05 and a one year high of $300.75.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.65 billion. During the same period in the prior year, the business posted $0.91 EPS. Celestica'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. As a group, sell-side analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on CLS. Canaccord Genuity Group upped their target price on shares of Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada upped their target price on shares of Celestica from $225.00 to $315.00 and gave the company an "outperform" rating in a research report on Wednesday. TD Securities downgraded shares of Celestica from a "buy" rating to a "hold" rating and upped their target price for the company from $130.00 to $238.00 in a research report on Friday, October 3rd. Wall Street Zen upgraded shares of Celestica from a "hold" rating to a "buy" rating in a research report on Saturday, October 4th. Finally, TD Cowen reaffirmed a "hold" rating and issued a $238.00 price target on shares of Celestica in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $249.36.

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.

Want to see what other hedge funds are holding CLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.