Northwest & Ethical Investments L.P. Purchases 17,831 Shares of Celestica, Inc. $CLS

Key Points

• Northwest & Ethical Investments L.P. increased its position in Celestica, Inc. by 121.4%, owning 32,520 shares valued at approximately $2.57 million.
• Other institutional investors have also significantly increased their stakes in Celestica, with Polar Capital Holdings and Balyasny Asset Management raising theirs by over 800% in the last quarter.
• Celestica reported a quarterly earnings per share of $1.39, surpassing estimates, with a revenue increase of 21% year-over-year.

Northwest & Ethical Investments L.P. increased its position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 121.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,520 shares of the technology company's stock after acquiring an additional 17,831 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Celestica were worth $2,567,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CLS. Barclays PLC increased its holdings in shares of Celestica by 32.9% in the 4th quarter. Barclays PLC now owns 68,886 shares of the technology company's stock worth $6,359,000 after acquiring an additional 17,038 shares during the period. Mariner LLC increased its stake in Celestica by 41.0% during the 4th quarter. Mariner LLC now owns 15,794 shares of the technology company's stock valued at $1,459,000 after buying an additional 4,593 shares during the period. NewEdge Advisors LLC increased its stake in Celestica by 5.5% during the 4th quarter. NewEdge Advisors LLC now owns 5,400 shares of the technology company's stock valued at $498,000 after buying an additional 281 shares during the period. Canada Pension Plan Investment Board acquired a new position in Celestica during the 4th quarter valued at about $7,374,000. Finally, Freedom Investment Management Inc. acquired a new stake in shares of Celestica in the 4th quarter worth approximately $578,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CLS. Wall Street Zen upgraded shares of Celestica from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. CICC Research assumed coverage on shares of Celestica in a report on Tuesday. They issued an "outperform" rating for the company. UBS Group restated a "neutral" rating and set a $208.00 price objective (up previously from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. Royal Bank Of Canada raised their price objective on shares of Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, Barclays raised their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $168.92.

Celestica Trading Up 4.4%

Shares of CLS traded up $7.8990 during midday trading on Friday, hitting $189.2390. The stock had a trading volume of 2,860,480 shares, compared to its average volume of 4,319,224. Celestica, Inc. has a fifty-two week low of $40.65 and a fifty-two week high of $218.80. The business has a 50-day simple moving average of $169.26 and a two-hundred day simple moving average of $124.86. The firm has a market cap of $21.77 billion, a P/E ratio of 40.96 and a beta of 1.80. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.23 by $0.16. The business had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.65 billion. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The firm's quarterly revenue was up 21.0% compared to the same quarter last year. During the same period last 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 forecast that Celestica, Inc. will post 4.35 EPS for the current year.

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.