Triasima Portfolio Management inc. Sells 14,005 Shares of Celestica, Inc. $CLS

Key Points

• Triasima Portfolio Management Inc. reduced its stake in Celestica, Inc. by 13.1%, selling 14,005 shares and now owning 92,775 shares, which represents approximately 2.6% of its portfolio.
• Recent analyst ratings for Celestica show a consensus target price of $207.38, with ten analysts giving a Buy rating and one a Strong Buy rating.
• Celestica reported better-than-expected quarterly earnings, with $1.39 earnings per share and revenue of $2.89 billion, surpassing analyst estimates significantly.

Triasima Portfolio Management inc. lowered its stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 13.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 92,775 shares of the technology company's stock after selling 14,005 shares during the period. Celestica accounts for approximately 2.6% of Triasima Portfolio Management inc.'s portfolio, making the stock its 4th biggest holding. Triasima Portfolio Management inc. owned 0.08% of Celestica worth $14,466,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. SteelPeak Wealth LLC boosted its stake in shares of Celestica by 10.9% during the second quarter. SteelPeak Wealth LLC now owns 17,731 shares of the technology company's stock valued at $2,768,000 after acquiring an additional 1,741 shares during the last quarter. Regency Capital Management Inc. DE acquired a new stake in shares of Celestica during the second quarter valued at $631,000. Belpointe Asset Management LLC acquired a new stake in shares of Celestica during the second quarter valued at $343,000. Valley National Advisers Inc. acquired a new stake in Celestica in the 2nd quarter worth about $132,000. Finally, Valeo Financial Advisors LLC boosted its stake in Celestica by 24.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 4,362 shares of the technology company's stock worth $681,000 after buying an additional 848 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Wall Street Analyst Weigh In

CLS has been the subject of several recent analyst reports. Canaccord Genuity Group lifted 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. UBS Group restated a "neutral" rating and issued a $208.00 price target (up previously from $101.00) on shares of Celestica in a report on Wednesday, July 30th. BNP Paribas restated an "outperform" rating and issued a $300.00 price target on shares of Celestica in a report on Thursday, September 25th. CICC Research initiated coverage on Celestica in a report on Tuesday, August 19th. They issued an "outperform" rating for the company. Finally, TD Cowen restated a "hold" rating and issued a $238.00 price target on shares of Celestica in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Celestica has an average rating of "Moderate Buy" and a consensus target price of $207.38.

Celestica Stock Performance

NYSE CLS opened at $238.14 on Wednesday. The firm has a market capitalization of $27.39 billion, a P/E ratio of 51.55 and a beta of 1.88. Celestica, Inc. has a 1-year low of $54.52 and a 1-year high of $261.83. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. The business's 50-day simple moving average is $221.07 and its 200-day simple moving average is $153.37.

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, beating the consensus estimate of $1.23 by $0.16. The business had revenue of $2.89 billion for 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 in the previous 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. Equities analysts predict 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.

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