Logan Capital Management Inc. Makes New $2.21 Million Investment in Celestica, Inc. $CLS

Key Points

• Logan Capital Management Inc. has invested $2.21 million in Celestica, purchasing approximately 28,087 shares during the first quarter.
• Institutional ownership of Celestica stands at 67.38%, with other hedge funds significantly increasing their stakes in the company recently.
• Celestica reported a quarterly earnings per share (EPS) of $1.39, surpassing analysts' estimates, alongside a year-over-year revenue increase of 21%.

Logan Capital Management Inc. acquired a new stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 28,087 shares of the technology company's stock, valued at approximately $2,214,000.

A number of other large investors also recently bought and sold shares of CLS. Rothschild Investment LLC purchased a new stake in shares of Celestica in the 1st quarter worth $26,000. ORG Partners LLC purchased a new stake in shares of Celestica in the 1st quarter worth $29,000. Center for Financial Planning Inc. purchased a new stake in shares of Celestica in the 1st quarter worth $30,000. Farther Finance Advisors LLC lifted its holdings in shares of Celestica by 1,516.7% in the 1st quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock worth $54,000 after buying an additional 637 shares during the period. Finally, Gordian Capital Singapore Pte Ltd lifted its holdings in shares of Celestica by 8,910.0% in the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 901 shares of the technology company's stock worth $71,000 after buying an additional 891 shares during the period. Hedge funds and other institutional investors own 67.38% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CLS. JPMorgan Chase & Co. upped their price objective on Celestica from $225.00 to $295.00 and gave the stock an "overweight" rating in a research note on Monday. Royal Bank Of Canada upped their price objective on Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. BMO Capital Markets restated an "outperform" rating and set a $130.00 price objective (up from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Barclays upped their price objective on Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Finally, Citigroup upped their price objective on Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Two 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 company's stock. Based on data from MarketBeat.com, Celestica presently has a consensus rating of "Buy" and a consensus target price of $174.75.

Celestica Stock Performance

Shares of CLS stock traded down $4.09 during mid-day trading on Friday, reaching $241.65. The stock had a trading volume of 2,132,811 shares, compared to its average volume of 4,249,460. The business's fifty day moving average is $191.32 and its 200-day moving average is $133.91. 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 cap of $27.80 billion, a price-to-earnings ratio of 52.30 and a beta of 1.89. Celestica, Inc. has a 1-year low of $44.46 and a 1-year high of $257.40.

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, beating analysts' consensus estimates of $1.23 by $0.16. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The company's revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the company earned $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. On average, research analysts forecast that Celestica, Inc. will post 4.35 earnings per share for the current year.

Celestica Company 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.