Harbor Capital Advisors Inc. Increases Stock Position in Celestica, Inc. $CLS

Key Points

• Harbor Capital Advisors Inc. increased its stake in Celestica, Inc. by 21.4%, owning a total of 31,016 shares valued at approximately $4.84 million after purchasing additional shares in the second quarter.
• Celestica reported quarterly earnings of $1.39 per share, exceeding the consensus estimate of $1.23, along with revenues of $2.89 billion, which surpassed expectations.
• Institutional investors currently hold 67.38% of Celestica's stock, with notable increases from firms like Deutsche Bank AG and Toronto Dominion Bank during the fourth quarter.

Harbor Capital Advisors Inc. raised its stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 21.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,016 shares of the technology company's stock after purchasing an additional 5,466 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Celestica were worth $4,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Deutsche Bank AG lifted its holdings in shares of Celestica by 226.9% during the 4th quarter. Deutsche Bank AG now owns 21,442 shares of the technology company's stock worth $1,979,000 after acquiring an additional 14,883 shares during the last quarter. Toronto Dominion Bank raised its position in Celestica by 702.1% during the fourth quarter. Toronto Dominion Bank now owns 95,173 shares of the technology company's stock valued at $8,772,000 after purchasing an additional 83,308 shares in the last quarter. Tidal Investments LLC bought a new stake in Celestica during the fourth quarter worth about $495,000. Castleark Management LLC purchased a new position in shares of Celestica in the 4th quarter worth about $9,378,000. Finally, Vise Technologies Inc. boosted its holdings in shares of Celestica by 100.9% in the 4th quarter. Vise Technologies Inc. now owns 44,564 shares of the technology company's stock worth $4,113,000 after purchasing an additional 22,387 shares in the last quarter. Institutional investors own 67.38% of the company's stock.

Celestica Stock Performance

Shares of CLS opened at $254.67 on Wednesday. Celestica, Inc. has a 52 week low of $46.14 and a 52 week high of $258.16. 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 stock has a market cap of $29.29 billion, a P/E ratio of 55.12 and a beta of 1.89. The business's 50 day moving average price is $196.83 and its 200-day moving average price is $137.02.

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 for the quarter, beating the consensus estimate of $1.23 by $0.16. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The company's revenue was up 21.0% on a year-over-year basis. During the same period last year, the company 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. Equities research analysts anticipate that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CLS has been the topic of a number of research reports. BNP Paribas raised Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. Barclays increased their price target on shares of Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. BMO Capital Markets restated an "outperform" rating and issued a $130.00 price objective (up from $118.00) on shares of Celestica in a report on Thursday, May 22nd. CICC Research began coverage on shares of Celestica in a report on Tuesday, August 19th. They set an "outperform" rating on the stock. Finally, Royal Bank Of Canada lifted their target price on shares of Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $174.75.

Celestica 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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