Tacita Capital Inc Reduces Stock Position in Celestica, Inc. $CLS

Key Points

• Tacita Capital Inc reduced its stake in Celestica, Inc. by 22.7% during Q1, now holding 9,527 shares valued at $752,000 after selling 2,794 shares.
• Institutional investors like Polar Capital Holdings Plc and Balyasny Asset Management significantly increased their holdings in Celestica, indicating growing institutional interest in the company.
• Celestica reported a strong quarterly earnings performance with a net revenue increase of 21%, outperforming analysts’ expectations and achieving an EPS of $1.39 versus forecasts of $1.23.

Tacita Capital Inc trimmed its stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 22.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,527 shares of the technology company's stock after selling 2,794 shares during the quarter. Tacita Capital Inc's holdings in Celestica were worth $752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CoreCap Advisors LLC raised its position in Celestica by 5.4% during the 4th quarter. CoreCap Advisors LLC now owns 1,760 shares of the technology company's stock valued at $162,000 after purchasing an additional 90 shares during the last quarter. First National Bank of Hutchinson increased its stake in shares of Celestica by 2.5% during the first quarter. First National Bank of Hutchinson now owns 4,914 shares of the technology company's stock valued at $387,000 after buying an additional 120 shares during the period. Private Trust Co. NA increased its stake in shares of Celestica by 14.1% during the first quarter. Private Trust Co. NA now owns 993 shares of the technology company's stock valued at $78,000 after buying an additional 123 shares during the period. Csenge Advisory Group raised its holdings in shares of Celestica by 7.1% during the first quarter. Csenge Advisory Group now owns 2,593 shares of the technology company's stock valued at $218,000 after acquiring an additional 171 shares in the last quarter. Finally, Bay Rivers Group lifted its stake in Celestica by 1.1% in the first quarter. Bay Rivers Group now owns 19,494 shares of the technology company's stock worth $1,536,000 after acquiring an additional 215 shares during the period. Institutional investors own 67.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CLS shares. Royal Bank Of Canada lifted their price target on shares of Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. UBS Group reaffirmed a "neutral" rating and set a $208.00 target price (up previously from $101.00) on shares of Celestica in a research note on Wednesday, July 30th. Barclays increased their price target on shares of Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. raised their price objective on shares of Celestica from $170.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Finally, Argus cut their price objective on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Two 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's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $168.92.

Celestica Stock Down 1.1%

Shares of CLS traded down $1.9670 during mid-day trading on Wednesday, reaching $182.7630. The company had a trading volume of 3,801,052 shares, compared to its average volume of 4,159,672. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. The company has a market capitalization of $21.02 billion, a price-to-earnings ratio of 39.56 and a beta of 1.80. The firm has a 50-day moving average price of $168.25 and a 200 day moving average price of $124.45. Celestica, Inc. has a 52 week low of $40.65 and a 52 week high of $218.80.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings data on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.16. The business had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The firm's quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. On average, sell-side analysts forecast that Celestica, Inc. will post 4.35 EPS 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.