Celestica, Inc. $CLS Shares Acquired by Polar Asset Management Partners Inc.

Key Points

• Polar Asset Management Partners Inc. increased its stake in Celestica, Inc. by 126.9%, owning 15,000 shares valued at approximately $1.18 million at the end of the first quarter.
• Several institutional investors, including Alliancebernstein L.P., increased their holdings significantly, highlighting a strong interest from institutional investors in Celestica.
• Analysts have upgraded their price targets for Celestica, with Canaccord Genuity raising it to $240.00 and a consensus rating of "Buy," reflecting positive market sentiment toward the stock.

Polar Asset Management Partners Inc. lifted its position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 126.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,000 shares of the technology company's stock after acquiring an additional 8,388 shares during the period. Polar Asset Management Partners Inc.'s holdings in Celestica were worth $1,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new stake in Celestica during the 1st quarter valued at about $26,000. ORG Partners LLC acquired a new stake in shares of Celestica during the first quarter worth about $29,000. Center for Financial Planning Inc. acquired a new stake in shares of Celestica during the first quarter worth about $30,000. Farther Finance Advisors LLC boosted its position in Celestica by 1,516.7% in the first 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 during the last quarter. Finally, Gordian Capital Singapore Pte Ltd increased its holdings in Celestica by 8,910.0% in the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 901 shares of the technology company's stock worth $71,000 after buying an additional 891 shares during the period. Hedge funds and other institutional investors own 67.38% of the company's stock.

Analysts Set New Price Targets

CLS has been the subject of several research reports. BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. BMO Capital Markets reissued an "outperform" rating and set a $130.00 target price (up previously from $118.00) on shares of Celestica in a report on Thursday, May 22nd. UBS Group restated a "neutral" rating and set a $208.00 target price (up from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. Barclays increased their price target on Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Finally, Royal Bank Of Canada lifted their price objective on Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Celestica presently has a consensus rating of "Buy" and an average target price of $168.92.

Celestica Price Performance

Shares of CLS stock traded up $21.49 during mid-day trading on Friday, hitting $242.83. 7,692,106 shares of the stock were exchanged, compared to its average volume of 3,046,431. Celestica, Inc. has a 52-week low of $40.65 and a 52-week high of $257.40. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48. The company has a market cap of $27.93 billion, a PE ratio of 52.56 and a beta of 1.89. The firm has a fifty day moving average of $183.98 and a 200 day moving average of $130.49.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.16. The firm 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 for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Research analysts anticipate that Celestica, Inc. will post 4.35 earnings per share 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.