Celestica, Inc. $CLS Shares Sold by PDT Partners LLC

Key Points

• PDT Partners LLC decreased its stake in Celestica, Inc. by 25%, owning approximately 58,181 shares valued at $4.59 million as of the end of the first quarter.
• Celestica's recent earnings report showed an EPS of $1.39, exceeding expectations, with revenue increasing by 21% year-over-year, totaling $2.89 billion.
• Research analysts have varied assessments on Celestica's stock, with an overall consensus rating of "Buy" and target prices ranging significantly from $168.92 to $240.00.

PDT Partners LLC lowered its holdings in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 25.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,181 shares of the technology company's stock after selling 19,413 shares during the quarter. PDT Partners LLC owned 0.05% of Celestica worth $4,585,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CLS. Tower Research Capital LLC TRC lifted its holdings in Celestica by 596.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,393 shares of the technology company's stock valued at $129,000 after acquiring an additional 1,193 shares during the period. Alyeska Investment Group L.P. acquired a new stake in Celestica in the fourth quarter valued at $23,875,000. BNP Paribas Financial Markets acquired a new stake in Celestica in the fourth quarter valued at $51,043,000. Balyasny Asset Management L.P. lifted its holdings in Celestica by 799.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 802,227 shares of the technology company's stock valued at $74,044,000 after acquiring an additional 916,991 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in Celestica by 3.6% in the fourth quarter. Baird Financial Group Inc. now owns 59,869 shares of the technology company's stock valued at $5,526,000 after acquiring an additional 2,083 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CLS. CICC Research began coverage on Celestica in a research note on Tuesday, August 19th. They set an "outperform" rating for the company. BMO Capital Markets reaffirmed an "outperform" rating and set a $130.00 price target (up previously from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Citigroup lifted their price target on Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Barclays lifted their price target on Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Finally, Canaccord Genuity Group lifted their price target on Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $168.92.

Celestica Stock Up 9.7%

NYSE CLS traded up $21.49 on Friday, reaching $242.83. The company had a trading volume of 7,692,106 shares, compared to its average volume of 2,812,783. The firm has a market capitalization of $27.93 billion, a PE ratio of 52.56 and a beta of 1.89. 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 firm has a 50-day moving average of $183.98 and a 200-day moving average of $130.46. Celestica, Inc. has a 1 year low of $40.65 and a 1 year high of $257.40.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released 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 return on equity of 28.23% and a net margin of 5.11%.The business's revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the business 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. On average, equities research analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current fiscal 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.