Vanguard Group Inc. Buys 35,690 Shares of Celestica, Inc. $CLS

Key Points

• Vanguard Group Inc. increased its stake in Celestica, owning approximately 4.51 million shares valued at $356.14 million, representing a 0.8% growth during the first quarter.
• Celestica reported $1.39 earnings per share for the recent quarter, exceeding analysts' expectations of $1.23, and showed a year-over-year revenue increase of 21%.
• Analysts currently have an average rating of "Buy" for Celestica, with price targets ranging from $130 to $225 set by different investment firms.

Vanguard Group Inc. raised its position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,514,605 shares of the technology company's stock after acquiring an additional 35,690 shares during the quarter. Vanguard Group Inc. owned approximately 3.89% of Celestica worth $356,135,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CLS. Townsquare Capital LLC increased its position in shares of Celestica by 61.3% in the fourth quarter. Townsquare Capital LLC now owns 6,369 shares of the technology company's stock valued at $588,000 after acquiring an additional 2,421 shares during the period. Barclays PLC increased its position in shares of Celestica by 32.9% during the fourth quarter. Barclays PLC now owns 68,886 shares of the technology company's stock valued at $6,359,000 after buying an additional 17,038 shares during the period. Mariner LLC increased its position in shares of Celestica by 41.0% during the fourth quarter. Mariner LLC now owns 15,794 shares of the technology company's stock valued at $1,459,000 after buying an additional 4,593 shares during the period. NewEdge Advisors LLC increased its position in shares of Celestica by 5.5% during the fourth quarter. NewEdge Advisors LLC now owns 5,400 shares of the technology company's stock valued at $498,000 after buying an additional 281 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Celestica during the fourth quarter valued at about $7,374,000. Hedge funds and other institutional investors own 67.38% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CLS. Barclays boosted 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. BMO Capital Markets reiterated an "outperform" rating and set a $130.00 price target (up previously from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. Citigroup boosted their price target on shares of Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Finally, Royal Bank Of Canada boosted their price target on shares of Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Two 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $168.92.

Celestica Stock Down 2.5%

Shares of NYSE CLS traded down $4.6850 during midday trading on Wednesday, hitting $180.0450. The stock had a trading volume of 2,576,842 shares, compared to its average volume of 4,339,134. The business's 50 day moving average is $167.14 and its 200-day moving average is $124.04. The company has a market cap of $20.71 billion, a P/E ratio of 39.02 and a beta of 1.80. Celestica, Inc. has a 52 week low of $40.65 and a 52 week high of $218.80. 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 issued its earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.16. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.65 billion. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The business's revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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 predict that Celestica, Inc. will post 4.35 EPS for the current 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.