Public Employees Retirement System of Ohio Decreases Holdings in Celestica, Inc. $CLS

Key Points

• The Public Employees Retirement System of Ohio has reduced its holdings in Celestica, Inc. by 31.8% in the second quarter, now owning 24,715 shares valued at approximately $3.87 million.
• Celestica reported earnings of $1.39 per share for the last quarter, exceeding expectations, and has experienced a 21% year-over-year revenue increase.
• Analysts have mixed opinions on Celestica's stock, with a consensus target price of $184.38, and ratings ranging from "Strong Buy" to "Hold".

Public Employees Retirement System of Ohio cut its holdings in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 31.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,715 shares of the technology company's stock after selling 11,531 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Celestica were worth $3,865,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new stake in Celestica in the 1st quarter worth about $26,000. ORG Partners LLC purchased a new stake in Celestica in the 1st quarter worth about $29,000. Center for Financial Planning Inc. purchased a new stake in Celestica in the 1st quarter worth about $30,000. Farther Finance Advisors LLC increased its holdings in Celestica by 1,516.7% in the 1st quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock worth $54,000 after acquiring an additional 637 shares during the last quarter. Finally, Flaharty Asset Management LLC bought a new position in Celestica in the 1st quarter worth about $63,000. Hedge funds and other institutional investors own 67.38% of the company's stock.

Celestica Stock Performance

Shares of CLS stock opened at $246.38 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. Celestica, Inc. has a fifty-two week low of $48.97 and a fifty-two week high of $261.83. The stock has a 50 day moving average price of $214.42 and a two-hundred day moving average price of $148.18. The company has a market capitalization of $28.34 billion, a P/E ratio of 53.33 and a beta of 1.89.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings data 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. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The business's revenue was up 21.0% on a year-over-year basis. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. Analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on CLS. BNP Paribas restated an "outperform" rating and issued a $300.00 target price on shares of Celestica in a research note on Thursday, September 25th. Canaccord Genuity Group raised their target price on Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Barclays raised their target price on Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Wall Street Zen downgraded Celestica from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Finally, Royal Bank Of Canada lifted their price target on Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $184.38.

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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