Lingohr Asset Management GmbH Takes $298,000 Position in Celestica, Inc. $CLS

Key Points

• Lingohr Asset Management GmbH acquired a new stake in Celestica, Inc., purchasing 1,906 shares valued at approximately $298,000.
• Celestica reported better-than-expected quarterly earnings, posting $1.39 EPS against an estimate of $1.23, alongside revenue of $2.89 billion, up 21.0% year-over-year.
• Analysts have differing opinions on Celestica's stock, with Barclays raising its price target to $220.00 while Wall Street Zen downgraded it to a "hold" rating.

Lingohr Asset Management GmbH acquired a new stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,906 shares of the technology company's stock, valued at approximately $298,000.

A number of other hedge funds also recently made changes to their positions in CLS. Deutsche Bank AG grew its position in shares of Celestica by 226.9% during the fourth quarter. Deutsche Bank AG now owns 21,442 shares of the technology company's stock worth $1,979,000 after buying an additional 14,883 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Celestica during the fourth quarter worth approximately $697,000. Man Group plc grew its position in shares of Celestica by 260.5% during the fourth quarter. Man Group plc now owns 148,896 shares of the technology company's stock worth $13,739,000 after buying an additional 107,596 shares in the last quarter. Royal Bank of Canada grew its position in shares of Celestica by 23.0% during the fourth quarter. Royal Bank of Canada now owns 1,261,172 shares of the technology company's stock worth $116,406,000 after buying an additional 236,124 shares in the last quarter. Finally, Toronto Dominion Bank grew its position in shares of Celestica by 702.1% during the fourth quarter. Toronto Dominion Bank now owns 95,173 shares of the technology company's stock worth $8,772,000 after buying an additional 83,308 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company's stock.

Celestica Stock Performance

Shares of CLS opened at $241.65 on Monday. Celestica, Inc. has a 1 year low of $44.46 and a 1 year high of $257.40. The company has a market cap of $27.80 billion, a price-to-earnings ratio of 52.30 and a beta of 1.89. 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 firm has a fifty day moving average of $192.94 and a 200-day moving average of $135.20.

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. The company 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 company's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company 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 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 recently weighed in on the stock. Barclays raised their price target on shares of Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. CICC Research assumed coverage on shares of Celestica in a report on Tuesday, August 19th. They issued an "outperform" rating for the company. Wall Street Zen downgraded shares of Celestica from a "buy" rating to a "hold" rating in a report on Saturday. UBS Group reaffirmed a "neutral" rating and issued a $208.00 price objective (up previously from $101.00) on shares of Celestica in a report on Wednesday, July 30th. Finally, BNP Paribas raised shares of Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $174.75.

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.

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