Park Avenue Securities LLC Has $2.58 Million Stake in Celestica, Inc. $CLS

Key Points

• Park Avenue Securities LLC increased its stake in Celestica, Inc. by 18.0%, bringing its holdings to 16,572 shares worth approximately $2.58 million.
• Several institutional investors have recently adjusted their positions, with 67.38% of Celestica's stock now owned by these entities, highlighting growing confidence in the company.
• Celestica reported a quarterly EPS of $1.39, surpassing estimates, with revenue of $2.89 billion, marking a 21% increase year-over-year.

Park Avenue Securities LLC grew its holdings in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 18.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,572 shares of the technology company's stock after purchasing an additional 2,522 shares during the quarter. Park Avenue Securities LLC's holdings in Celestica were worth $2,584,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its position in Celestica by 267.9% in the second quarter. Farther Finance Advisors LLC now owns 2,498 shares of the technology company's stock worth $390,000 after purchasing an additional 1,819 shares during the period. Silver Oak Securities Incorporated bought a new position in Celestica in the second quarter worth $710,000. Harbour Capital Advisors LLC bought a new position in Celestica during the second quarter worth about $732,000. Brendel Financial Advisors LLC bought a new position in Celestica during the second quarter worth about $268,000. Finally, Redhawk Wealth Advisors Inc. bought a new position in Celestica during the second quarter worth about $1,733,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Citigroup raised their price target on shares of Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Canaccord Genuity Group raised their price target on shares of Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada lifted their target price on shares of Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. Finally, CICC Research initiated coverage on shares of Celestica in a research note on Tuesday, August 19th. They issued an "outperform" rating for the company. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $174.75.

Celestica Stock Performance

CLS stock opened at $257.68 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. The company has a 50 day moving average price of $206.05 and a 200 day moving average price of $142.72. Celestica, Inc. has a fifty-two week low of $48.96 and a fifty-two week high of $261.83. The stock has a market capitalization of $29.64 billion, a PE ratio of 55.78 and a beta of 1.89.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.23 by $0.16. The company 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 business's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Analysts forecast that Celestica, Inc. will post 4.35 EPS for the current year.

About Celestica

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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