Oliver Luxxe Assets LLC Lowers Stock Position in Celestica, Inc. $CLS

Key Points

• Oliver Luxxe Assets LLC reduced its stock position in Celestica, Inc. by 54.5%, owning 40,656 shares after selling 48,612 shares in the first quarter, valued at approximately $3.2 million.
• Despite the reduction by some investors, Celestica has seen increased positivity from analysts, with upgraded ratings and higher price targets from firms including UBS, BMO Capital Markets, and JPMorgan Chase & Co.
• Celestica reported earnings of $1.39 per share for its most recent quarter, surpassing analysts' expectations, with revenues increasing by 21% year-over-year.

Oliver Luxxe Assets LLC lessened its holdings in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 54.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,656 shares of the technology company's stock after selling 48,612 shares during the period. Oliver Luxxe Assets LLC's holdings in Celestica were worth $3,206,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Rothschild Investment LLC purchased a new position in Celestica during the 1st quarter valued at about $26,000. ORG Partners LLC purchased a new stake in Celestica in the first quarter worth about $29,000. Center for Financial Planning Inc. bought a new position in shares of Celestica during the first quarter valued at approximately $30,000. Farther Finance Advisors LLC lifted its holdings in shares of Celestica by 1,516.7% during the first quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock valued at $54,000 after purchasing an additional 637 shares during the last quarter. Finally, Private Trust Co. NA boosted 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 worth $78,000 after purchasing an additional 123 shares in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on CLS shares. UBS Group reaffirmed 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. BMO Capital Markets restated an "outperform" rating and set a $130.00 price target (up from $118.00) on shares of Celestica in a report on Thursday, May 22nd. JPMorgan Chase & Co. upped their price target on shares of Celestica from $170.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Wall Street Zen raised shares of Celestica from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, CICC Research initiated coverage on shares of Celestica in a report on Tuesday, August 19th. They issued an "outperform" rating for the company. Two equities research 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, Celestica presently has an average rating of "Buy" and a consensus target price of $168.92.

Celestica Trading Up 4.4%

Celestica stock opened at $189.2390 on Friday. Celestica, Inc. has a one year low of $40.65 and a one year high of $218.80. The business's fifty day moving average is $170.54 and its 200 day moving average is $125.13. The stock has a market capitalization of $21.77 billion, a PE ratio of 40.96 and a beta of 1.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.16. The business had revenue of $2.89 billion during 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%.Celestica's revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 EPS. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. On average, sell-side analysts predict that Celestica, Inc. will post 4.35 EPS 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.

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