Regency Capital Management Inc. DE Makes New Investment in Celestica, Inc. $CLS

Key Points

• Regency Capital Management Inc. has acquired a new stake in Celestica, Inc., purchasing 4,044 shares valued at approximately $631,000 during the 2nd quarter.
• Celestica's recent quarterly earnings surpassed analysts' expectations, reporting $1.39 EPS and $2.89 billion in revenue, reflecting a 21% year-over-year increase.
• Analyst ratings for Celestica are overwhelmingly positive, with ten "Buy" ratings and one "Strong Buy," as various firms raise price targets significantly.

Regency Capital Management Inc. DE purchased a new stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,044 shares of the technology company's stock, valued at approximately $631,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. ST Germain D J Co. Inc. bought a new position in shares of Celestica in the 2nd quarter worth $37,000. Wolff Wiese Magana LLC boosted its holdings in shares of Celestica by 45.6% in the second quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company's stock valued at $57,000 after buying an additional 114 shares during the period. ORG Partners LLC acquired a new position in Celestica in the 1st quarter worth $29,000. Center for Financial Planning Inc. acquired a new position in shares of Celestica during the first quarter worth about $30,000. Finally, Oakworth Capital Inc. bought a new position in shares of Celestica during the 2nd quarter worth approximately $73,000. 67.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CLS. Canaccord Genuity Group increased their price objective on shares of Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. TD Securities cut shares of Celestica from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $130.00 to $238.00 in a research report on Friday. CICC Research assumed coverage on Celestica in a research report on Tuesday, August 19th. They issued an "outperform" rating on the stock. UBS Group reaffirmed a "neutral" rating and set a $208.00 price target (up from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. Finally, Barclays raised their price objective on Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $207.38.

Celestica Price Performance

Shares of CLS opened at $235.31 on Tuesday. The company has a market capitalization of $27.07 billion, a price-to-earnings ratio of 50.93 and a beta of 1.88. Celestica, Inc. has a 1 year low of $53.37 and a 1 year high of $261.83. 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 business has a 50-day moving average of $220.34 and a 200-day moving average of $152.77.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings data on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.16. The company had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.65 billion. Celestica had a net margin of 5.11% and a return on equity of 28.23%. Celestica's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the prior 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 anticipate that Celestica, Inc. will post 4.35 earnings per share 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.

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.