Magnetar Financial LLC Takes Position in Celestica, Inc. $CLS

Key Points

• Magnetar Financial LLC has acquired 43,086 shares of Celestica, Inc., valued at approximately $3,396,000, during the first quarter of the year.
• Analysts have recently upgraded Celestica's stock ratings, with Canaccord Genuity raising the price target from $126.00 to $240.00 and several others issuing a "buy" rating.
• Celestica reported a quarterly earnings per share of $1.39, surpassing estimates, and has raised its guidance for future earnings.

Magnetar Financial LLC acquired a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 43,086 shares of the technology company's stock, valued at approximately $3,396,000.

A number of other institutional investors have also recently bought and sold shares of the business. CoreCap Advisors LLC boosted its holdings in Celestica by 5.4% in the 4th quarter. CoreCap Advisors LLC now owns 1,760 shares of the technology company's stock valued at $162,000 after purchasing an additional 90 shares during the period. Freedom Investment Management Inc. raised its position in shares of Celestica by 1.5% in the 1st quarter. Freedom Investment Management Inc. now owns 6,360 shares of the technology company's stock valued at $501,000 after buying an additional 96 shares in the last quarter. First National Bank of Hutchinson raised its position in shares of Celestica by 2.5% in the 1st quarter. First National Bank of Hutchinson now owns 4,914 shares of the technology company's stock valued at $387,000 after buying an additional 120 shares in the last quarter. Private Trust Co. NA raised its position in shares of Celestica by 14.1% in the 1st quarter. Private Trust Co. NA now owns 993 shares of the technology company's stock valued at $78,000 after buying an additional 123 shares in the last quarter. Finally, Csenge Advisory Group raised its position in shares of Celestica by 7.1% in the 1st quarter. Csenge Advisory Group now owns 2,593 shares of the technology company's stock valued at $218,000 after buying an additional 171 shares in the last quarter. Institutional investors own 67.38% of the company's stock.

Celestica Trading Down 8.1%

NYSE CLS traded down $17.21 on Monday, hitting $195.12. The company's stock had a trading volume of 3,928,552 shares, compared to its average volume of 2,878,981. 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, Inc. has a 1-year low of $40.65 and a 1-year high of $218.80. The company's 50-day moving average is $178.37 and its 200 day moving average is $128.00. The firm has a market cap of $22.45 billion, a PE ratio of 42.23 and a beta of 1.89.

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 analysts' expectations of $2.65 billion. During the same period in the prior year, the company posted $0.91 EPS. The company's 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, analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CLS has been the subject of several analyst reports. Barclays boosted their target price on shares of Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. boosted their target price on shares of Celestica from $170.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. CICC Research started coverage on shares of Celestica in a research report on Tuesday, August 19th. They issued an "outperform" rating for the company. Canaccord Genuity Group upped their price objective on shares of Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, UBS Group reiterated a "neutral" rating and set a $208.00 price objective (up from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. Two 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 MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $168.92.

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.