Thurston Springer Miller Herd & Titak Inc. Acquires Shares of 1,448 Celestica, Inc. $CLS

Key Points

• Thurston Springer Miller Herd & Titak Inc. has acquired 1,448 shares of Celestica, Inc., valued at approximately $226,000 during the 2nd quarter.
• Analysts have mixed ratings for Celestica, with Canaccord Genuity upgrading the price target to $240.00 while Wall Street Zen downgraded the stock from "buy" to "hold."
• Celestica reported quarterly earnings of $1.39 per share, exceeding estimates, with a revenue of $2.89 billion, marking a 21% increase compared to the previous year.

Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,448 shares of the technology company's stock, valued at approximately $226,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Freedom Investment Management Inc. raised its stake in Celestica by 1.5% during the first quarter. Freedom Investment Management Inc. now owns 6,360 shares of the technology company's stock valued at $501,000 after buying an additional 96 shares in the last quarter. First National Bank of Hutchinson raised its position in shares of Celestica by 2.5% during the 1st quarter. First National Bank of Hutchinson now owns 4,914 shares of the technology company's stock worth $387,000 after purchasing an additional 120 shares during the period. Private Trust Co. NA raised its position in shares of Celestica by 14.1% during the 1st quarter. Private Trust Co. NA now owns 993 shares of the technology company's stock worth $78,000 after purchasing an additional 123 shares during the period. Anchor Investment Management LLC raised its position in shares of Celestica by 15.0% during the 1st quarter. Anchor Investment Management LLC now owns 1,150 shares of the technology company's stock worth $91,000 after purchasing an additional 150 shares during the period. Finally, Csenge Advisory Group raised its position in shares of Celestica by 7.1% during the 1st quarter. Csenge Advisory Group now owns 2,593 shares of the technology company's stock worth $218,000 after purchasing an additional 171 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CLS shares. Canaccord Genuity Group increased their price target on Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Wall Street Zen cut Celestica from a "buy" rating to a "hold" rating in a research report on Saturday. Royal Bank Of Canada increased their price target on Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. CICC Research started coverage on Celestica in a research report on Tuesday, August 19th. They set an "outperform" rating on the stock. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $130.00 price objective (up from $118.00) on shares of Celestica in a report on Thursday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $174.75.

Celestica Stock Performance

CLS opened at $254.67 on Wednesday. The firm has a market cap of $29.29 billion, a PE ratio of 55.12 and a beta of 1.89. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $196.83 and a 200-day simple moving average of $137.02. Celestica, Inc. has a fifty-two week low of $46.14 and a fifty-two week high of $258.16.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings data 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. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The company's revenue was up 21.0% compared to the same quarter last year. During the same period last year, the company posted $0.91 EPS. 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, equities analysts predict that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Celestica 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.

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