SteelPeak Wealth LLC Purchases 1,741 Shares of Celestica, Inc. $CLS

Key Points

• SteelPeak Wealth LLC increased its position in Celestica, Inc. by 10.9% in the second quarter, acquiring an additional 1,741 shares and bringing its total holdings to 17,731 shares valued at approximately $2.77 million.
• Various hedge funds have shown increasing interest in Celestica, with institutional investors collectively owning 67.38% of the company's stock as of the latest filings.
• Celestica reported strong quarterly earnings, with an EPS of $1.39, exceeding analysts' expectations, alongside a revenue increase of 21.0% year-over-year to $2.89 billion.

SteelPeak Wealth LLC increased its position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 10.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,731 shares of the technology company's stock after acquiring an additional 1,741 shares during the quarter. SteelPeak Wealth LLC's holdings in Celestica were worth $2,768,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. ORG Partners LLC acquired a new position in Celestica during the 1st quarter valued at approximately $29,000. Center for Financial Planning Inc. acquired a new position in Celestica during the 1st quarter valued at approximately $30,000. ST Germain D J Co. Inc. acquired a new position in Celestica during the 2nd quarter valued at approximately $37,000. Farther Finance Advisors LLC increased 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 in the last quarter. Finally, Wolff Wiese Magana LLC increased its stake in Celestica by 45.6% during the 2nd quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company's stock valued at $57,000 after purchasing an additional 114 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CLS shares. BNP Paribas restated an "outperform" rating and set a $300.00 price target on shares of Celestica in a research note on Thursday, September 25th. CICC Research began coverage on shares of Celestica in a research note on Tuesday, August 19th. They set an "outperform" rating on the stock. TD Securities lowered shares of Celestica from a "buy" rating to a "hold" rating and increased their price objective for the stock from $130.00 to $238.00 in a research note on Friday, October 3rd. Royal Bank Of Canada increased their price objective on shares of Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Finally, Citigroup increased 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. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $207.38.

Celestica Stock Performance

Shares of NYSE CLS opened at $238.14 on Wednesday. The company's fifty day moving average price is $221.07 and its 200 day moving average price is $153.37. Celestica, Inc. has a 1 year low of $54.52 and a 1 year high of $261.83. The company has a market capitalization of $27.39 billion, a PE ratio of 51.55 and a beta of 1.88. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the prior year, the firm posted $0.91 earnings per share. The firm's quarterly 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, research analysts predict 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.

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