Samalin Investment Counsel LLC Sells 2,287 Shares of Celestica, Inc. $CLS

Key Points

• Samalin Investment Counsel LLC has reduced its holdings in Celestica, Inc. by 29.9%, selling 2,287 shares and leaving it with 5,369 shares valued at $423,000.
• Major institutional investors like Vanguard Group Inc. and Polar Capital Holdings Plc have increased their positions in Celestica, indicating strong institutional interest, with 67.38% of the stock currently owned by institutional investors.
• Analysts have raised target prices for Celestica, with JPMorgan Chase & Co. and Royal Bank of Canada setting new targets of $225.00, reflecting positive sentiment and an average target price of $168.92 among analysts.

Samalin Investment Counsel LLC decreased its stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 29.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,369 shares of the technology company's stock after selling 2,287 shares during the period. Samalin Investment Counsel LLC's holdings in Celestica were worth $423,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Consolidated Planning Corp bought a new position in Celestica in the 1st quarter valued at approximately $3,361,000. Summerhill Capital Management lnc. bought a new position in shares of Celestica during the first quarter valued at $2,283,000. Nations Financial Group Inc. IA ADV raised its stake in shares of Celestica by 8.4% during the first quarter. Nations Financial Group Inc. IA ADV now owns 17,243 shares of the technology company's stock valued at $1,359,000 after acquiring an additional 1,341 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Celestica by 39.3% in the fourth quarter. Mackenzie Financial Corp now owns 761,084 shares of the technology company's stock worth $70,164,000 after purchasing an additional 214,872 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Celestica in the first quarter worth $819,000. Institutional investors own 67.38% of the company's stock.

Celestica Trading Down 8.1%

NYSE CLS traded down $17.21 during mid-day trading on Friday, reaching $195.12. 3,928,552 shares of the stock were exchanged, compared to its average volume of 2,909,284. Celestica, Inc. has a one year low of $40.65 and a one year high of $218.80. 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 $22.45 billion, a P/E ratio of 42.23 and a beta of 1.80. The stock has a 50 day simple moving average of $177.19 and a 200-day simple moving average of $127.57.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted 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. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The business'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, analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CLS. BNP Paribas raised shares of Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. UBS Group reissued a "neutral" rating and issued a $208.00 price objective (up previously from $101.00) on shares of Celestica in a research note on Wednesday, July 30th. BMO Capital Markets reissued an "outperform" rating and issued a $130.00 price objective (up previously from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Citigroup boosted their price objective on shares of Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Finally, CICC Research began coverage on shares of Celestica in a research note on Tuesday, August 19th. They issued an "outperform" rating on the stock. Two equities 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $168.92.

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.