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Vontobel Holding Ltd. Boosts Stake in Celestica, Inc. $CLS

Celestica logo with Computer and Technology background

Vontobel Holding Ltd. lifted its holdings in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 178.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,188 shares of the technology company's stock after buying an additional 5,888 shares during the quarter. Vontobel Holding Ltd.'s holdings in Celestica were worth $1,436,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in shares of Celestica by 1,103.8% in the first quarter. Jones Financial Companies Lllp now owns 24,486 shares of the technology company's stock valued at $1,930,000 after buying an additional 22,452 shares in the last quarter. Consolidated Planning Corp purchased a new stake in shares of Celestica in the first quarter valued at approximately $3,361,000. Fortis Capital Advisors LLC purchased a new stake in shares of Celestica in the second quarter valued at approximately $343,000. Think Investments LP purchased a new stake in Celestica during the first quarter worth $14,939,000. Finally, Royal Bank of Canada boosted its position in Celestica by 1.5% during the first quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company's stock worth $100,922,000 after purchasing an additional 19,391 shares in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CLS has been the topic of a number of research analyst reports. Wall Street Zen upgraded Celestica from a "hold" rating to a "buy" rating in a research report on Saturday, October 4th. CICC Research initiated coverage on Celestica in a research report on Tuesday, August 19th. They set an "outperform" rating on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of Celestica in a research report on Wednesday. TD Cowen reiterated a "hold" rating and set a $238.00 target price on shares of Celestica in a research report on Friday, October 3rd. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $207.38.

Check Out Our Latest Stock Report on CLS

Celestica Stock Performance

NYSE CLS opened at $243.91 on Friday. Celestica, Inc. has a fifty-two week low of $55.30 and a fifty-two week high of $263.90. The stock has a market cap of $28.06 billion, a price-to-earnings ratio of 52.79 and a beta of 1.88. The business has a fifty day moving average of $224.30 and a 200-day moving average of $156.66. 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 released its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, topping 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 company had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.65 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The business's revenue for the quarter was up 21.0% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

About Celestica

(Free Report)

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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Institutional Ownership by Quarter for Celestica (NYSE:CLS)

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