Vaughan Nelson Investment Management L.P. Makes New $75.69 Million Investment in Celestica, Inc. $CLS

Key Points

• Vaughan Nelson Investment Management L.P. made a significant new investment in Celestica, Inc., acquiring 484,860 shares worth approximately $75.69 million, representing a 0.42% ownership stake in the company.
• In its latest earnings report, Celestica reported an EPS of $1.39, which surpassed analysts' expectations of $1.23, alongside a year-over-year revenue increase of 21.0%.
• Analysts have shown positive sentiment towards Celestica's stock, with multiple upgrades and a current consensus rating of "Moderate Buy", alongside a target price averaging $207.38.

Vaughan Nelson Investment Management L.P. bought a new position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 484,860 shares of the technology company's stock, valued at approximately $75,691,000. Vaughan Nelson Investment Management L.P. owned 0.42% of Celestica at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. acquired a new position in Celestica during the 2nd quarter worth approximately $37,000. Wolff Wiese Magana LLC increased its position in Celestica by 45.6% during the 2nd quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company's stock worth $57,000 after purchasing an additional 114 shares during the period. ORG Partners LLC acquired a new position in Celestica during the 1st quarter worth approximately $29,000. Center for Financial Planning Inc. acquired a new position in Celestica during the 1st quarter worth approximately $30,000. Finally, Oakworth Capital Inc. acquired a new position in Celestica during the 2nd quarter worth approximately $73,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Price Performance

CLS stock opened at $234.08 on Friday. Celestica, Inc. has a 1 year low of $52.25 and a 1 year high of $261.83. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. The stock's 50 day moving average price is $219.11 and its 200 day moving average price is $151.00. The firm has a market cap of $26.93 billion, a P/E ratio of 50.67 and a beta of 1.88.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted 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. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the prior year, the company earned $0.91 EPS. Celestica'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. On average, sell-side analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CLS has been the topic of several recent analyst reports. Citigroup boosted their target price on Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a research 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. CICC Research assumed coverage on Celestica in a report on Tuesday, August 19th. They issued an "outperform" rating on the stock. TD Securities cut Celestica from a "buy" rating to a "hold" rating and upped their price target for the stock from $130.00 to $238.00 in a report on Friday. Finally, TD Cowen restated a "hold" rating and issued a $238.00 price target on shares of Celestica in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Celestica currently has a consensus rating of "Moderate Buy" and a consensus target price of $207.38.

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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