Quantbot Technologies LP Buys 17,968 Shares of Celestica, Inc. $CLS

Key Points

• Quantbot Technologies LP increased its stock position in Celestica, Inc. by 76%, bringing its total holdings to approximately $3.28 million worth of shares.
• Celestica reported an earnings per share (EPS) of $1.39 for the last quarter, beating the consensus estimate of $1.23, alongside a 21% increase in revenue compared to the previous year.
• Analyst ratings for Celestica show a consensus of Buy with various target prices, including an increase from JPMorgan Chase to $225.00.

Quantbot Technologies LP raised its stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 76.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,598 shares of the technology company's stock after acquiring an additional 17,968 shares during the quarter. Quantbot Technologies LP's holdings in Celestica were worth $3,278,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC grew its position in shares of Celestica by 5.4% during the 4th quarter. CoreCap Advisors LLC now owns 1,760 shares of the technology company's stock worth $162,000 after buying an additional 90 shares during the period. First National Bank of Hutchinson grew its position in shares of Celestica by 2.5% during the 1st quarter. First National Bank of Hutchinson now owns 4,914 shares of the technology company's stock worth $387,000 after buying an additional 120 shares during the period. Private Trust Co. NA grew its holdings in Celestica by 14.1% during the first quarter. Private Trust Co. NA now owns 993 shares of the technology company's stock valued at $78,000 after purchasing an additional 123 shares during the period. Csenge Advisory Group grew its holdings in Celestica by 7.1% during the first quarter. Csenge Advisory Group now owns 2,593 shares of the technology company's stock valued at $218,000 after purchasing an additional 171 shares during the period. Finally, Bay Rivers Group grew its holdings in Celestica by 1.1% during the first quarter. Bay Rivers Group now owns 19,494 shares of the technology company's stock valued at $1,536,000 after purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CLS. BNP Paribas raised shares of Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. Royal Bank Of Canada increased their price objective on shares of Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. BMO Capital Markets restated an "outperform" rating and issued a $130.00 price target (up from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Wall Street Zen upgraded shares of Celestica from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Argus dropped their price objective on shares of Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Celestica presently has a consensus rating of "Buy" and an average target price of $168.92.

Celestica Stock Performance

Shares of NYSE CLS traded up $7.8990 during mid-day trading on Friday, reaching $189.2390. 2,860,480 shares of the company's stock were exchanged, compared to its average volume of 3,980,060. The firm has a market capitalization of $21.77 billion, a price-to-earnings ratio of 40.96 and a beta of 1.80. Celestica, Inc. has a 52 week low of $40.65 and a 52 week high of $218.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. The firm has a 50-day moving average price of $170.54 and a two-hundred day moving average price of $125.26.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings data 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 business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.65 billion. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The company's revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. Analysts predict 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.