Redhawk Wealth Advisors Inc. Takes $1.73 Million Position in Celestica, Inc. $CLS

Key Points

• Redhawk Wealth Advisors Inc. invested approximately $1.73 million in Celestica, Inc., acquiring 11,099 shares in Q2 as per its SEC filing.
• Multiple institutional investors have increased their stakes in Celestica, with Deutsche Bank AG raising its holdings by 226.9% in the last quarter.
• Analysts maintain a generally optimistic outlook for Celestica, with a consensus price target set at $174.75 and a mix of ratings including two Strong Buy and ten Buy ratings.

Redhawk Wealth Advisors Inc. bought a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,099 shares of the technology company's stock, valued at approximately $1,733,000.

Other large investors have also recently modified their holdings of the company. Fulton Bank N.A. increased its holdings in shares of Celestica by 9.9% in the second quarter. Fulton Bank N.A. now owns 3,933 shares of the technology company's stock valued at $614,000 after purchasing an additional 353 shares during the period. Mn Services Vermogensbeheer B.V. purchased a new stake in shares of Celestica in the 2nd quarter valued at about $6,751,000. Baader Bank Aktiengesellschaft purchased a new stake in Celestica during the 2nd quarter valued at approximately $670,000. Signal Advisors Wealth LLC acquired a new stake in shares of Celestica in the 2nd quarter worth approximately $219,000. Finally, Baron Wealth Management LLC purchased a new position in shares of Celestica during the 2nd quarter worth $208,000. Institutional investors own 67.38% of the company's stock.

Celestica Stock Performance

Shares of NYSE CLS traded up $0.68 during mid-day trading on Friday, hitting $252.72. The company had a trading volume of 3,754,555 shares, compared to its average volume of 3,124,105. The firm's 50 day simple moving average is $202.25 and its two-hundred day simple moving average is $140.34. 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 $29.07 billion, a price-to-earnings ratio of 54.70 and a beta of 1.89. Celestica, Inc. has a 12 month low of $48.18 and a 12 month high of $258.16.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates 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 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 company posted $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 research analysts forecast that Celestica, Inc. will post 4.35 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CLS shares. UBS Group reissued a "neutral" rating and set a $208.00 target price (up previously from $101.00) on shares of Celestica in a report on Wednesday, July 30th. Citigroup raised their price objective on shares of Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Royal Bank Of Canada upped their price objective on shares of Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. increased their target price on shares of Celestica from $225.00 to $295.00 and gave the stock an "overweight" rating in a research note on Monday, September 8th. Finally, Wall Street Zen lowered shares of Celestica from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Celestica presently has an average rating of "Buy" and a consensus target price of $174.75.

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.