23,208 Shares in Celestica, Inc. $CLS Acquired by Quantitative Investment Management LLC

Key Points

• Quantitative Investment Management LLC has acquired a $1.83 million stake in Celestica, purchasing 23,208 shares of the company's stock.
• Celestica reported an earnings per share of $1.39 for the last quarter, exceeding estimates and a 21% rise in revenue year-over-year.
• Analysts have recently raised their price targets for Celestica, with JPMorgan setting a new target of $225.00, reflecting strong market confidence in the stock.

Quantitative Investment Management LLC bought a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,208 shares of the technology company's stock, valued at approximately $1,829,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Jump Financial LLC increased its stake in Celestica by 128.9% in the first quarter. Jump Financial LLC now owns 60,625 shares of the technology company's stock valued at $4,778,000 after acquiring an additional 34,138 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Celestica by 640.3% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 475,439 shares of the technology company's stock valued at $37,511,000 after buying an additional 411,213 shares during the period. Cunning Capital Partners LP purchased a new stake in Celestica during the first quarter valued at about $4,111,000. Kestra Advisory Services LLC boosted its position in Celestica by 19.3% during the first quarter. Kestra Advisory Services LLC now owns 18,571 shares of the technology company's stock valued at $1,464,000 after buying an additional 3,005 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Celestica by 78.1% during the first quarter. Ameriprise Financial Inc. now owns 710,723 shares of the technology company's stock valued at $56,012,000 after buying an additional 311,646 shares during the period. Institutional investors own 67.38% of the company's stock.

Celestica Stock Down 8.1%

Shares of CLS traded down $17.21 on Friday, hitting $195.12. 3,381,330 shares of the stock traded hands, compared to its average volume of 4,261,304. The company has a market capitalization of $22.45 billion, a PE ratio of 42.23 and a beta of 1.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. The business has a 50 day simple moving average of $176.00 and a 200 day simple moving average of $127.12. Celestica, Inc. has a one year low of $40.65 and a one year high of $218.80.

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 company had revenue of $2.89 billion during 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 firm's quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter last 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. As a group, equities analysts forecast that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CLS has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their target price on shares of Celestica from $170.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. BMO Capital Markets reissued 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. CICC Research initiated coverage on shares of Celestica in a research note on Tuesday, August 19th. They issued an "outperform" rating for the company. Barclays raised their target price on shares of Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Finally, UBS Group reaffirmed a "neutral" rating and set a $208.00 target price (up previously from $101.00) on shares of Celestica in a research note on Wednesday, July 30th. Two 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. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $168.92.

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.