Southland Equity Partners LLC Acquires New Stake in Celestica, Inc. $CLS

Key Points

• Southland Equity Partners LLC invested $283,000 in Celestica, Inc. by acquiring 1,815 shares of the company's stock during the second quarter.
• Multiple institutional investors have increased their stakes in Celestica, with Vanguard Group owning 4.5 million shares valued at $356 million after a recent acquisition.
• Celesitca reported earnings of $1.39 per share for the last quarter, exceeding analyst expectations and marking a 21% revenue increase compared to the previous year.

Southland Equity Partners LLC acquired a new position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,815 shares of the technology company's stock, valued at approximately $283,000.

A number of other institutional investors have also recently modified their holdings of CLS. Rothschild Investment LLC purchased a new stake in shares of Celestica in the first quarter worth $26,000. ORG Partners LLC bought a new position in shares of Celestica in the first quarter worth about $29,000. Center for Financial Planning Inc. bought a new position in shares of Celestica in the first quarter worth about $30,000. Farther Finance Advisors LLC raised its stake in Celestica by 1,516.7% during the 1st quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock valued at $54,000 after purchasing an additional 637 shares during the period. Finally, Flaharty Asset Management LLC bought a new stake in Celestica during the 1st quarter valued at approximately $63,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Trading Up 0.7%

Shares of Celestica stock traded up $1.82 during trading hours on Tuesday, reaching $256.61. 2,074,620 shares of the company's stock were exchanged, compared to its average volume of 4,191,580. Celestica, Inc. has a 52-week low of $48.96 and a 52-week high of $261.83. The firm has a market capitalization of $29.52 billion, a price-to-earnings ratio of 55.50 and a beta of 1.89. The company has a fifty day moving average of $204.10 and a 200-day moving average of $141.92. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its earnings results 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. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the company posted $0.91 EPS. The business's quarterly revenue was up 21.0% on a year-over-year basis. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. Sell-side analysts forecast that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on CLS. Canaccord Genuity Group raised their price target on Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. BNP Paribas raised Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. Barclays increased their price objective on Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. upped their target price on Celestica from $225.00 to $295.00 and gave the stock an "overweight" rating in a research note on Monday, September 8th. Finally, Citigroup increased their price target on Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Celestica has an average rating of "Buy" and an average target price of $174.75.

Celestica Company 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.