R Squared Ltd Purchases 2,592 Shares of Celestica, Inc. $CLS

Key Points

• R Squared Ltd increased its stake in Celestica, Inc. by 87.6% during the second quarter, now holding 5,552 shares worth approximately $867,000.
• Celestica reported $1.39 earnings per share for the last quarter, surpassing estimates by 16 cents and marking a year-over-year revenue increase of 21% to $2.89 billion.
• Institutional investors own 67.38% of Celestica's stock, indicating strong institutional interest in the company.

R Squared Ltd raised its holdings in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 87.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,552 shares of the technology company's stock after buying an additional 2,592 shares during the quarter. R Squared Ltd's holdings in Celestica were worth $867,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp increased its position in shares of Celestica by 1,103.8% during the 1st quarter. Jones Financial Companies Lllp now owns 24,486 shares of the technology company's stock worth $1,930,000 after purchasing an additional 22,452 shares in the last quarter. Fortis Capital Advisors LLC acquired a new stake in shares of Celestica during the second quarter worth approximately $343,000. Think Investments LP bought a new position in shares of Celestica in the first quarter valued at approximately $14,939,000. Royal Bank of Canada boosted its holdings in shares of Celestica by 1.5% in the 1st quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company's stock worth $100,922,000 after acquiring an additional 19,391 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Celestica by 79.3% during the 1st quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company's stock worth $78,162,000 after acquiring an additional 438,762 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Stock Up 4.5%

Shares of NYSE:CLS opened at $283.00 on Friday. 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 stock has a market cap of $32.55 billion, a price-to-earnings ratio of 61.26 and a beta of 1.88. The company has a 50 day moving average of $236.36 and a 200-day moving average of $168.10. Celestica, Inc. has a one year low of $58.05 and a one year high of $296.85.

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 net margin of 5.11% and a return on equity of 28.23%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period in the prior year, the business posted $0.91 earnings per share. Celestica's revenue was up 21.0% compared to the same quarter last year. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. On average, sell-side analysts forecast that Celestica, Inc. will post 4.35 earnings per share for the current year.

Analyst Ratings Changes

CLS has been the topic of a number of recent analyst reports. Citigroup boosted their price objective on Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. TD Cowen reiterated a "hold" rating and set a $238.00 price target on shares of Celestica in a research report on Friday, October 3rd. BNP Paribas reissued an "outperform" rating and set a $300.00 price objective on shares of Celestica in a report on Thursday, September 25th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Celestica in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Celestica from $225.00 to $295.00 and gave the company an "overweight" rating in a report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Celestica has an average rating of "Moderate Buy" and an average target price of $249.36.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.