Kendall Capital Management Reduces Position in Celestica, Inc. $CLS

Kendall Capital Management decreased its stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 7.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,222 shares of the technology company's stock after selling 2,528 shares during the period. Celestica accounts for 1.4% of Kendall Capital Management's investment portfolio, making the stock its 17th biggest position. Kendall Capital Management's holdings in Celestica were worth $5,186,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of CLS. Rothschild Investment LLC purchased a new position in Celestica during the first quarter worth $26,000. ORG Partners LLC purchased a new position in Celestica during the first quarter worth $29,000. Center for Financial Planning Inc. purchased a new position in Celestica during the first quarter worth $30,000. ST Germain D J Co. Inc. purchased a new position in Celestica during the second quarter worth $37,000. Finally, Farther Finance Advisors LLC increased its position in Celestica by 1,516.7% during the first quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock worth $54,000 after buying an additional 637 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company's stock.

Analyst Ratings Changes

CLS has been the subject of several recent research reports. BNP Paribas reissued an "outperform" rating and set a $300.00 price target on shares of Celestica in a research report on Thursday. Citigroup lifted their price objective on Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Wall Street Zen downgraded Celestica from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Canaccord Genuity Group lifted their price objective on Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, CICC Research initiated coverage on Celestica in a research report on Tuesday, August 19th. They issued an "outperform" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Celestica presently has an average rating of "Moderate Buy" and a consensus price target of $184.38.

Celestica Price Performance

Shares of NYSE CLS opened at $244.30 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. Celestica, Inc. has a 1-year low of $48.97 and a 1-year high of $261.83. The company has a market capitalization of $28.10 billion, a price-to-earnings ratio of 52.88 and a beta of 1.89. The business has a 50-day moving average of $210.97 and a 200-day moving average of $145.61.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.16. Celestica had a return on equity of 28.23% and a net margin of 5.11%.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 prior year, the business earned $0.91 EPS. Celestica'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. On average, equities analysts anticipate 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.

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