Harbour Capital Advisors LLC Buys Shares of 4,740 Celestica, Inc. $CLS

Key Points

• Harbour Capital Advisors LLC acquired 4,740 shares of Celestica, Inc. during Q2, valued at approximately $732,000, adding to the substantial institutional ownership of 67.38% in the company.
• Celestica reported $1.39 earnings per share for the last quarter, exceeding expectations and marking a 21.0% revenue increase year over year.
• In recent analyst activity, Barclays raised its price target for Celestica from $146.00 to $220.00, while the stock currently maintains an average rating of "Buy" with a target price of $174.75.

Harbour Capital Advisors LLC purchased a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,740 shares of the technology company's stock, valued at approximately $732,000.

Several other institutional investors have also recently added to or reduced their stakes in CLS. Vanguard Group Inc. grew its stake in shares of Celestica by 0.8% during the first quarter. Vanguard Group Inc. now owns 4,514,605 shares of the technology company's stock valued at $356,135,000 after purchasing an additional 35,690 shares during the last quarter. Voya Investment Management LLC raised its holdings in Celestica by 362.8% during the first quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company's stock worth $146,122,000 after buying an additional 1,453,473 shares during the last quarter. Royal Bank of Canada grew its position in Celestica by 1.5% during the first quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company's stock valued at $100,922,000 after buying an additional 19,391 shares during the period. Alkeon Capital Management LLC purchased a new stake in shares of Celestica in the first quarter worth about $96,936,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Celestica by 79.3% in the first quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company's stock worth $78,162,000 after purchasing an additional 438,762 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Trading Up 0.3%

CLS traded up $0.68 on Friday, reaching $252.72. 3,754,555 shares of the company traded hands, compared to its average volume of 3,168,638. Celestica, Inc. has a one year low of $48.18 and a one year high of $258.16. The firm has a fifty day simple moving average of $202.25 and a two-hundred day simple moving average of $140.75. 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 company has a market cap of $29.07 billion, a P/E ratio of 54.70 and a beta of 1.89.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings data on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, beating 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 quarter in the previous year, the business posted $0.91 earnings per share. The business's quarterly 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, equities research analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CLS has been the topic of several recent research reports. Citigroup upped their price objective on Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Royal Bank Of Canada upped their price objective on Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Wall Street Zen cut Celestica from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. Barclays boosted their target price on shares of Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Finally, BNP Paribas raised shares of Celestica to a "strong-buy" rating in a research note 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 assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price 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.