Gulf International Bank UK Ltd Invests $534,000 in Celestica, Inc. $CLS

Gulf International Bank UK Ltd bought a new position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,776 shares of the technology company's stock, valued at approximately $534,000.

Several other institutional investors have also recently bought and sold shares of the business. Prudential PLC raised its stake in Celestica by 29.6% during the first quarter. Prudential PLC now owns 33,481 shares of the technology company's stock worth $2,639,000 after acquiring an additional 7,640 shares in the last quarter. HighTower Advisors LLC raised its stake in Celestica by 14.5% during the first quarter. HighTower Advisors LLC now owns 8,645 shares of the technology company's stock worth $681,000 after acquiring an additional 1,098 shares in the last quarter. Independent Advisor Alliance raised its stake in Celestica by 19.2% during the first quarter. Independent Advisor Alliance now owns 35,283 shares of the technology company's stock worth $2,781,000 after acquiring an additional 5,695 shares in the last quarter. Nuveen LLC acquired a new position in Celestica during the first quarter worth about $6,443,000. Finally, Sierra Summit Advisors LLC raised its stake in Celestica by 17.6% during the first quarter. Sierra Summit Advisors LLC now owns 6,918 shares of the technology company's stock worth $545,000 after acquiring an additional 1,035 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Analyst Upgrades and Downgrades

CLS has been the subject of several research analyst reports. UBS Group reissued a "neutral" rating and set a $208.00 target price (up previously from $101.00) on shares of Celestica in a research note on Wednesday, July 30th. Wall Street Zen upgraded Celestica from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. BMO Capital Markets restated an "outperform" rating and set a $130.00 price target (up from $118.00) on shares of Celestica in a report on Thursday, May 22nd. Citigroup boosted their price target on Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Finally, BNP Paribas upgraded Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Celestica currently has an average rating of "Buy" and a consensus price target of $168.92.

Celestica Trading Up 3.8%

Shares of Celestica stock traded up $6.8590 on Friday, reaching $188.1990. 1,423,362 shares of the company's stock were exchanged, compared to its average volume of 4,309,747. The company has a market capitalization of $21.65 billion, a P/E ratio of 40.73 and a beta of 1.80. Celestica, Inc. has a 52 week low of $40.65 and a 52 week high of $218.80. The firm's 50-day moving average is $169.26 and its two-hundred day moving average is $124.86. 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 (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 (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.16. The firm had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The company's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 EPS. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. Sell-side 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.