GK Wealth Management LLC Boosts Holdings in Celestica, Inc. $CLS

Key Points

• GK Wealth Management LLC increased its holdings in Celestica, Inc. by 42% during the first quarter, owning 4,415 shares worth $348,000.
• Celestica reported earnings of $1.39 per share in its last quarter, exceeding estimates and reflecting a 21% year-over-year revenue growth.
• Analysts have set optimistic price targets for Celestica, with Royal Bank of Canada raising its target from $185 to $225, and other firms also increasing their ratings and targets significantly.

GK Wealth Management LLC lifted its position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 42.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 4,415 shares of the technology company's stock after buying an additional 1,306 shares during the period. GK Wealth Management LLC's holdings in Celestica were worth $348,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CLS. Freedom Investment Management Inc. raised its holdings in Celestica by 1.5% in the 1st quarter. Freedom Investment Management Inc. now owns 6,360 shares of the technology company's stock valued at $501,000 after acquiring an additional 96 shares during the last quarter. First National Bank of Hutchinson grew its position in shares of Celestica by 2.5% in the first quarter. First National Bank of Hutchinson now owns 4,914 shares of the technology company's stock valued at $387,000 after purchasing an additional 120 shares during the period. Private Trust Co. NA increased its stake in Celestica by 14.1% in the first quarter. Private Trust Co. NA now owns 993 shares of the technology company's stock valued at $78,000 after purchasing an additional 123 shares during the last quarter. Anchor Investment Management LLC lifted its position in Celestica by 15.0% during the first quarter. Anchor Investment Management LLC now owns 1,150 shares of the technology company's stock worth $91,000 after buying an additional 150 shares during the period. Finally, Csenge Advisory Group lifted its position in Celestica by 7.1% during the first quarter. Csenge Advisory Group now owns 2,593 shares of the technology company's stock worth $218,000 after buying an additional 171 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on CLS. Citigroup lifted their price target on Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Royal Bank Of Canada boosted their target price on shares of Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Canaccord Genuity Group upped their price target 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. CICC Research assumed coverage on shares of Celestica in a research note on Tuesday, August 19th. They set an "outperform" rating on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of Celestica from $225.00 to $295.00 and gave the company an "overweight" rating in a report on Monday. Two 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. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $174.75.

Celestica Trading Down 1.7%

Shares of CLS stock traded down $4.09 during mid-day trading on Friday, reaching $241.65. The company's stock had a trading volume of 2,132,811 shares, compared to its average volume of 3,097,845. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $27.80 billion, a PE ratio of 52.30 and a beta of 1.89. The company's 50 day simple moving average is $192.94 and its 200-day simple moving average is $134.84. Celestica, Inc. has a 12-month low of $44.46 and a 12-month high of $257.40.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share 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 firm 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 company earned $0.91 EPS. 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. On average, research analysts predict that Celestica, Inc. will post 4.35 EPS 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.