Truvestments Capital LLC Boosts Stock Holdings in Celestica, Inc. $CLS

Key Points

• Truvestments Capital LLC increased its stake in Celestica, Inc. by 16.9%, now owning 26,145 shares valued at $2,060,000.
• Multiple brokerages have raised their price targets for Celestica, with Royal Bank of Canada and JPMorgan Chase & Co. setting targets as high as $225.00.
• Celestica reported $1.39 EPS for the most recent quarter, beating expectations, with revenue increasing 21.0% year-over-year.

Truvestments Capital LLC increased its holdings in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 16.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,145 shares of the technology company's stock after acquiring an additional 3,775 shares during the period. Truvestments Capital LLC's holdings in Celestica were worth $2,060,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Celestica by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 4,514,605 shares of the technology company's stock worth $356,135,000 after buying an additional 35,690 shares during the last quarter. Polar Capital Holdings Plc boosted its holdings in Celestica by 822.6% in the 4th quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock worth $148,416,000 after buying an additional 1,433,681 shares during the last quarter. Royal Bank of Canada boosted its holdings in Celestica by 23.0% in the 4th quarter. Royal Bank of Canada now owns 1,261,172 shares of the technology company's stock worth $116,406,000 after buying an additional 236,124 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in Celestica by 799.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 802,227 shares of the technology company's stock worth $74,044,000 after buying an additional 916,991 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Celestica by 39.3% in the 4th quarter. Mackenzie Financial Corp now owns 761,084 shares of the technology company's stock worth $70,164,000 after buying an additional 214,872 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. CICC Research assumed coverage on Celestica in a report on Tuesday, August 19th. They issued an "outperform" rating on the stock. BMO Capital Markets reiterated 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. Citigroup boosted their target price on Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. UBS Group restated a "neutral" rating and set a $208.00 target price (up from $101.00) on shares of Celestica in a report on Wednesday, July 30th. Finally, Barclays lifted their price target on shares of Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Two research 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 stock. According to MarketBeat.com, Celestica presently has an average rating of "Buy" and a consensus price target of $168.92.

Celestica Trading Down 8.1%

NYSE CLS traded down $17.21 on Monday, reaching $195.12. The stock had a trading volume of 3,928,552 shares, compared to its average volume of 2,878,981. The firm has a market capitalization of $22.45 billion, a price-to-earnings ratio of 42.23 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. Celestica, Inc. has a 12-month low of $40.65 and a 12-month high of $218.80. The stock has a fifty day moving average price of $177.19 and a two-hundred day moving average price of $127.56.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its earnings results 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 company 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 firm's quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company 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, sell-side analysts forecast that Celestica, Inc. will post 4.35 EPS for the current fiscal 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.