JAT Capital Mgmt LP Makes New $40.08 Million Investment in Celestica, Inc. $CLS

Key Points

• JAT Capital Mgmt LP has acquired approximately 508,524 shares of Celestica, Inc., valued at around $40 million, making it the firm's second-largest position.
• Celestica reported a quarterly earnings per share of $1.39, exceeding analysts' expectations of $1.23, alongside a revenue of $2.89 billion.
• Several analysts have upgraded their ratings on Celestica, with Barclays raising the target price to $220 and Royal Bank Of Canada to $225, reflecting positive momentum and outlook for the stock.

JAT Capital Mgmt LP acquired a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 508,524 shares of the technology company's stock, valued at approximately $40,077,000. Celestica comprises 14.2% of JAT Capital Mgmt LP's holdings, making the stock its 2nd biggest position. JAT Capital Mgmt LP owned approximately 0.44% of Celestica at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Celestica by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 4,514,605 shares of the technology company's stock valued at $356,135,000 after buying an additional 35,690 shares during the last quarter. Polar Capital Holdings Plc increased its position in Celestica by 822.6% during the 4th quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock valued at $148,416,000 after purchasing an additional 1,433,681 shares during the period. Royal Bank of Canada increased its position in Celestica by 1.5% during the 1st quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company's stock valued at $100,922,000 after purchasing an additional 19,391 shares during the period. BNP Paribas Financial Markets increased its position in Celestica by 79.3% during the 1st quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company's stock valued at $78,162,000 after purchasing an additional 438,762 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in Celestica by 77.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 903,021 shares of the technology company's stock valued at $71,554,000 after purchasing an additional 393,531 shares during the period. Institutional investors own 67.38% of the company's stock.

Celestica Stock Up 9.7%

NYSE CLS traded up $21.49 during mid-day trading on Friday, hitting $242.83. The company's stock had a trading volume of 7,692,106 shares, compared to its average volume of 2,812,783. The company's 50 day simple moving average is $183.98 and its 200 day simple moving average is $130.46. Celestica, Inc. has a twelve month low of $40.65 and a twelve month high of $257.40. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $27.93 billion, a price-to-earnings ratio of 52.56 and a beta of 1.89.

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, beating the consensus estimate of $1.23 by $0.16. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter last year, the firm posted $0.91 EPS. Celestica's 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. Analysts anticipate that Celestica, Inc. will post 4.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on CLS shares. Citigroup increased their target price on shares of Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. increased their target price on shares of Celestica from $170.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. BMO Capital Markets reaffirmed an "outperform" rating and set a $130.00 price objective (up previously from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Canaccord Genuity Group raised their price objective 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. Finally, UBS Group reaffirmed a "neutral" rating and set a $208.00 price objective (up previously from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. Two 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 company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $168.92.

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.