United Services Automobile Association Makes New Investment in Celestica, Inc. $CLS

United Services Automobile Association bought a new position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,975 shares of the technology company's stock, valued at approximately $329,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in shares of Celestica by 1,103.8% in the 1st quarter. Jones Financial Companies Lllp now owns 24,486 shares of the technology company's stock worth $1,930,000 after purchasing an additional 22,452 shares in the last quarter. Consolidated Planning Corp bought a new stake in shares of Celestica in the 1st quarter worth $3,361,000. Think Investments LP bought a new stake in shares of Celestica in the first quarter worth $14,939,000. Royal Bank of Canada grew its holdings in shares of Celestica by 1.5% in the first quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company's stock worth $100,922,000 after acquiring an additional 19,391 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of Celestica by 79.3% in the first quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company's stock worth $78,162,000 after acquiring an additional 438,762 shares during the period. Institutional investors own 67.38% of the company's stock.

Celestica Price Performance

Shares of Celestica stock opened at $241.65 on Friday. The stock's 50-day simple moving average is $192.94 and its 200-day simple moving average is $134.84. Celestica, Inc. has a 52 week low of $44.46 and a 52 week high of $257.40. The company has a market capitalization of $27.80 billion, a price-to-earnings ratio of 52.30 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 (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings data on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.23 by $0.16. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The business's revenue was up 21.0% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the company. CICC Research assumed coverage on Celestica in a report on Tuesday, August 19th. They issued an "outperform" rating for the company. Citigroup lifted their price objective on Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. UBS Group reaffirmed a "neutral" rating and issued a $208.00 price objective (up previously from $101.00) on shares of Celestica in a report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their target price on Celestica from $225.00 to $295.00 and gave the company an "overweight" rating in a research report on Monday, September 8th. Finally, BNP Paribas upgraded Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. 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. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $174.75.

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.

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