Nuveen LLC Invests $6.44 Million in Celestica, Inc. $CLS

Key Points

• Nuveen LLC has invested approximately $6.44 million in shares of Celestica, Inc., acquiring a total of 81,691 shares.
• Analysts have recently raised their price targets for Celestica, with Barclays increasing it from $146.00 to $220.00 and Canaccord Genuity raising it from $126.00 to $240.00.
• Celestica's recent quarterly earnings reported an EPS of $1.39, surpassing analysts' expectations of $1.23, with a 21% year-over-year revenue increase.

Nuveen LLC acquired a new stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 81,691 shares of the technology company's stock, valued at approximately $6,443,000. Nuveen LLC owned approximately 0.07% of Celestica at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new stake in Celestica during the 1st quarter valued at approximately $26,000. ORG Partners LLC purchased a new stake in Celestica during the 1st quarter valued at approximately $29,000. Center for Financial Planning Inc. purchased a new stake in Celestica during the 1st quarter valued at approximately $30,000. Farther Finance Advisors LLC grew its holdings in Celestica by 1,516.7% during the 1st quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock valued at $54,000 after buying an additional 637 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in Celestica by 14.1% during 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. 67.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CLS. Wall Street Zen raised shares of Celestica from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Citigroup raised their target price on shares of Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Barclays raised their target price on shares of Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. CICC Research began coverage on shares of Celestica in a report on Tuesday, August 19th. They issued an "outperform" rating for the company. Finally, JPMorgan Chase & Co. raised their target price on shares of Celestica from $170.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $168.92.

Celestica Trading Down 8.1%

CLS traded down $17.21 during trading on Friday, reaching $195.12. The company had a trading volume of 3,928,552 shares, compared to its average volume of 2,909,284. The stock has a market cap of $22.45 billion, a P/E ratio of 42.23 and a beta of 1.80. The business has a 50 day simple moving average of $177.19 and a 200-day simple moving average of $127.59. Celestica, Inc. has a 52 week low of $40.65 and a 52 week high of $218.80. 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 issued its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 28.23% and a net margin of 5.11%.Celestica's revenue was up 21.0% on a year-over-year basis. During the same period last 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, equities analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current fiscal 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.