Celestica, Inc. $CLS Holdings Lifted by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company increased its holdings in Celestica, Inc. by 77.2% in Q1, owning a total of 903,021 shares valued at approximately $71.55 million.
• Celestica's recent quarterly earnings surpassed expectations, reporting $1.39 EPS, exceeding the consensus estimate of $1.23.
• Analysts have a positive outlook on Celestica, with the stock receiving several upgrades and a consensus target price of $168.92 from various research analysts.

The Manufacturers Life Insurance Company increased its position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 77.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 903,021 shares of the technology company's stock after buying an additional 393,531 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.78% of Celestica worth $71,554,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in CLS. Magnetar Financial LLC purchased a new stake in Celestica during the 1st quarter worth $3,396,000. Gordian Capital Singapore Pte Ltd raised its position in Celestica by 8,910.0% in the first quarter. Gordian Capital Singapore Pte Ltd now owns 901 shares of the technology company's stock valued at $71,000 after purchasing an additional 891 shares during the period. Trexquant Investment LP raised its position in Celestica by 2.5% in the first quarter. Trexquant Investment LP now owns 139,746 shares of the technology company's stock valued at $11,013,000 after purchasing an additional 3,350 shares during the period. BNP Paribas Financial Markets raised its position in Celestica by 79.3% in the first quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company's stock valued at $78,162,000 after purchasing an additional 438,762 shares during the period. Finally, Truvestments Capital LLC raised its position in Celestica by 16.9% in the first quarter. Truvestments Capital LLC now owns 26,145 shares of the technology company's stock valued at $2,060,000 after purchasing an additional 3,775 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Stock Performance

Shares of Celestica stock traded up $7.78 during trading hours on Thursday, reaching $219.65. The company's stock had a trading volume of 2,940,603 shares, compared to its average volume of 4,248,552. The company's 50 day simple moving average is $180.75 and its 200 day simple moving average is $129.08. 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, Inc. has a one year low of $40.65 and a one year high of $219.23. The stock has a market cap of $25.27 billion, a P/E ratio of 47.57 and a beta of 1.89.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.23 by $0.16. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.65 billion. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The company's quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the firm 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. As a group, analysts expect that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on CLS. JPMorgan Chase & Co. upped their price objective on shares of Celestica from $170.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada increased their price target on Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. BMO Capital Markets reissued an "outperform" rating and issued a $130.00 price target (up previously from $118.00) on shares of Celestica in a report on Thursday, May 22nd. Wall Street Zen raised Celestica from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Citigroup boosted their target price on shares of Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Celestica currently has a consensus rating of "Buy" and a consensus price target of $168.92.

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.