Rivermont Capital Management LP Acquires Shares of 2,588 Celestica, Inc. $CLS

Key Points

• Rivermont Capital Management LP purchased 2,588 shares of Celestica, Inc. for approximately $204,000, making it the fund's 18th largest position.
• Celestica reported $1.39 earnings per share, exceeding analysts' expectations of $1.23, with revenues of $2.89 billion for the quarter, showing a 21% year-over-year increase.
• Analysts have raised their ratings on Celestica, with JPMorgan Chase & Co. increasing its price target from $225 to $295, indicating strong market confidence in the stock.

Rivermont Capital Management LP acquired a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,588 shares of the technology company's stock, valued at approximately $204,000. Celestica makes up about 0.1% of Rivermont Capital Management LP's holdings, making the stock its 18th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CLS. Logan Capital Management Inc. acquired a new stake in shares of Celestica during the 1st quarter valued at $2,214,000. United Services Automobile Association bought a new position in Celestica in the first quarter valued at about $329,000. Arete Wealth Advisors LLC acquired a new stake in shares of Celestica during the first quarter valued at about $217,000. Caxton Associates LLP bought a new stake in shares of Celestica during the first quarter worth about $2,837,000. Finally, Jones Financial Companies Lllp increased its stake in shares of Celestica by 1,103.8% in the first quarter. Jones Financial Companies Lllp now owns 24,486 shares of the technology company's stock valued at $1,930,000 after buying an additional 22,452 shares during the period. Institutional investors own 67.38% of the company's stock.

Celestica Stock Down 1.7%

Shares of NYSE:CLS traded down $4.09 during trading on Friday, reaching $241.65. 2,132,811 shares of the stock were exchanged, compared to its average volume of 4,249,460. Celestica, Inc. has a 1-year low of $44.46 and a 1-year high of $257.40. The stock has a fifty day moving average of $191.32 and a two-hundred day moving average of $133.91. 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 market cap of $27.80 billion, a price-to-earnings ratio of 52.30 and a beta of 1.89.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released 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 firm 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 business's revenue was up 21.0% on a year-over-year basis. During the same quarter 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. Research analysts anticipate that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CLS. BMO Capital Markets reissued an "outperform" rating and set a $130.00 target price (up from $118.00) on shares of Celestica in a report on Thursday, May 22nd. JPMorgan Chase & Co. raised their target price on Celestica from $225.00 to $295.00 and gave the stock an "overweight" rating in a research report on Monday. BNP Paribas upgraded Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. CICC Research assumed coverage on Celestica in a research note on Tuesday, August 19th. They issued an "outperform" rating for the company. Finally, Barclays lifted 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. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Celestica presently has an average rating of "Buy" and a consensus price target of $174.75.

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.