Kestra Advisory Services LLC Boosts Stock Position in Celestica, Inc. $CLS

Key Points

• Kestra Advisory Services LLC increased its stake in Celestica, Inc. by 19.3% during Q1, owning a total of 18,571 shares valued at approximately $1.46 million.
• In recent research reports, various analysts have significantly raised their price targets for Celestica, with ranges now between $208.00 and $240.00, indicating strong buying interest.
• Celestica reported earnings of $1.39 per share for the last quarter, surpassing estimates and marking a 21% increase in revenue year-over-year, with guidance for future EPS reflecting continued growth.

Kestra Advisory Services LLC increased its holdings in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 19.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,571 shares of the technology company's stock after purchasing an additional 3,005 shares during the quarter. Kestra Advisory Services LLC's holdings in Celestica were worth $1,464,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CLS. Polar Capital Holdings Plc lifted its stake in Celestica by 822.6% during the fourth quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock worth $148,416,000 after purchasing an additional 1,433,681 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in Celestica by 799.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 802,227 shares of the technology company's stock worth $74,044,000 after purchasing an additional 916,991 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in Celestica during the fourth quarter worth approximately $51,043,000. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in Celestica during the first quarter worth approximately $30,156,000. Finally, Ameriprise Financial Inc. lifted its stake in Celestica by 78.1% during the first quarter. Ameriprise Financial Inc. now owns 710,723 shares of the technology company's stock worth $56,012,000 after purchasing an additional 311,646 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company's stock.

Celestica Price Performance

CLS stock traded up $6.02 on Thursday, reaching $217.89. 2,278,382 shares of the company's stock were exchanged, compared to its average volume of 4,243,873. The stock has a fifty day moving average of $180.75 and a 200-day moving average of $129.08. Celestica, Inc. has a twelve month low of $40.65 and a twelve month high of $219.00. The firm has a market cap of $25.06 billion, a PE ratio of 47.15 and a beta of 1.89. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48.

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, 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 for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. Celestica's quarterly revenue was up 21.0% on a year-over-year basis. 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 analysts predict that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CLS. JPMorgan Chase & Co. boosted their price objective on Celestica from $170.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Barclays boosted their price objective on Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Canaccord Genuity Group boosted their price objective on Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. BNP Paribas upgraded Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $130.00 price objective (up previously from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $168.92.

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.