Janney Montgomery Scott LLC Raises Position in Celestica, Inc. $CLS

Key Points

• Janney Montgomery Scott LLC increased its stake in Celestica, Inc. by 22.4%, now owning 42,678 shares worth approximately $6.66 million.
• Celestica reported $1.39 earnings per share in its latest quarter, exceeding estimates, and recorded revenue of $2.89 billion, reflecting a 21% year-over-year growth.
• Analysts have mixed ratings on Celestica, with TD Securities upgrading its price target to $238, while holding a "hold" rating for the stock.

Janney Montgomery Scott LLC lifted its stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 22.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,678 shares of the technology company's stock after purchasing an additional 7,818 shares during the period. Janney Montgomery Scott LLC's holdings in Celestica were worth $6,662,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CLS. Voya Investment Management LLC increased its stake in shares of Celestica by 362.8% during the 1st quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company's stock worth $146,122,000 after purchasing an additional 1,453,473 shares during the last quarter. Alkeon Capital Management LLC bought a new position in Celestica in the 1st quarter worth approximately $96,936,000. Alliancebernstein L.P. boosted its holdings in Celestica by 405.5% in the 1st quarter. Alliancebernstein L.P. now owns 731,937 shares of the technology company's stock worth $57,684,000 after buying an additional 587,145 shares during the period. JAT Capital Mgmt LP bought a new position in Celestica in the 1st quarter worth approximately $40,077,000. Finally, BNP Paribas Financial Markets boosted its holdings in Celestica by 79.3% in the 1st quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company's stock worth $78,162,000 after buying an additional 438,762 shares during the period. Hedge funds and other institutional investors own 67.38% of the company's stock.

Celestica Stock Performance

NYSE CLS opened at $234.08 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. The company has a market capitalization of $26.93 billion, a P/E ratio of 50.67 and a beta of 1.88. The company has a fifty day moving average of $219.11 and a 200-day moving average of $151.80. Celestica, Inc. has a 52-week low of $52.25 and a 52-week high of $261.83.

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 for the quarter, topping the consensus estimate of $1.23 by $0.16. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.65 billion. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The firm's revenue for the quarter was up 21.0% on a year-over-year basis. During the same period in the previous year, the firm posted $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. As a group, equities research analysts predict that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. TD Securities downgraded shares of Celestica from a "buy" rating to a "hold" rating and raised their price objective for the stock from $130.00 to $238.00 in a report on Friday. TD Cowen reaffirmed a "hold" rating and issued a $238.00 price objective on shares of Celestica in a report on Friday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Celestica in a report on Saturday, September 27th. Barclays raised their price objective on shares of Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Celestica from $225.00 to $295.00 and gave the stock an "overweight" rating in a report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $207.38.

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.

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