Kingswood Wealth Advisors LLC Sells 1,622 Shares of Celestica, Inc. $CLS

Key Points

• Kingswood Wealth Advisors LLC has reduced its stake in Celestica, Inc. by 48.4%, selling 1,622 shares, and now holds 1,729 shares valued at approximately $270,000.
• Despite the sale by Kingswood, several other hedge funds, such as SteelPeak Wealth LLC and Valeo Financial Advisors LLC, increased their investments in Celestica during the same quarter.
• Analysts have a consensus rating of Moderate Buy on Celestica, with an average target price of $207.38, following a recent reissuance of ratings and price targets by firms like TD Cowen and BNP Paribas.

Kingswood Wealth Advisors LLC reduced its position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 48.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,729 shares of the technology company's stock after selling 1,622 shares during the period. Kingswood Wealth Advisors LLC's holdings in Celestica were worth $270,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. SteelPeak Wealth LLC boosted its holdings in Celestica by 10.9% in the 2nd quarter. SteelPeak Wealth LLC now owns 17,731 shares of the technology company's stock valued at $2,768,000 after purchasing an additional 1,741 shares during the period. Regency Capital Management Inc. DE bought a new stake in Celestica in the 2nd quarter valued at $631,000. Belpointe Asset Management LLC bought a new stake in Celestica in the 2nd quarter valued at $343,000. Valley National Advisers Inc. bought a new stake in Celestica in the 2nd quarter valued at $132,000. Finally, Valeo Financial Advisors LLC boosted its holdings in Celestica by 24.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 4,362 shares of the technology company's stock valued at $681,000 after purchasing an additional 848 shares during the period. 67.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on CLS shares. TD Cowen reissued a "hold" rating and issued a $238.00 price target on shares of Celestica in a report on Friday, October 3rd. BNP Paribas reissued an "outperform" rating and issued a $300.00 price target on shares of Celestica in a report on Thursday, September 25th. Canaccord Genuity Group lifted their target price on shares of Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. CICC Research assumed coverage on shares of Celestica in a research report on Tuesday, August 19th. They set an "outperform" rating on the stock. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Celestica in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $207.38.

Celestica Trading Down 6.1%

Shares of CLS stock opened at $243.91 on Friday. Celestica, Inc. has a 12-month low of $55.30 and a 12-month high of $263.90. The company has a market capitalization of $28.06 billion, a P/E ratio of 52.79 and a beta of 1.88. The firm has a 50-day moving average price of $224.30 and a 200 day moving average price of $156.66. 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 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 firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period last year, the firm posted $0.91 EPS. The firm'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. Research analysts forecast that Celestica, Inc. will post 4.35 earnings per share 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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