Warren Street Wealth Advisors LLC Decreases Stake in Celestica, Inc. $CLS

Key Points

• Warren Street Wealth Advisors LLC reduced its stake in Celestica, Inc. by 45.0%, owning 2,246 shares worth approximately $351,000 after selling 1,841 shares in the second quarter.
• Several hedge funds significantly increased their positions in Celestica, with Voya Investment Management LLC raising its holdings by 362.8%, now owning around 1.85 million shares valued at about $146 million.
• Wall Street analysts have mixed views on Celestica, with price targets ranging from $184.38 to $300.00, reflecting expectations for future growth despite fluctuations in ratings from "buy" to "hold".

Warren Street Wealth Advisors LLC reduced its stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 45.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,246 shares of the technology company's stock after selling 1,841 shares during the quarter. Warren Street Wealth Advisors LLC's holdings in Celestica were worth $351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CLS. Voya Investment Management LLC raised its position in shares of Celestica by 362.8% in the 1st quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company's stock valued at $146,122,000 after purchasing an additional 1,453,473 shares during the last quarter. Alkeon Capital Management LLC purchased a new position in shares of Celestica in the 1st quarter valued at approximately $96,936,000. Alliancebernstein L.P. raised its position in shares of Celestica by 405.5% in the 1st quarter. Alliancebernstein L.P. now owns 731,937 shares of the technology company's stock valued at $57,684,000 after purchasing an additional 587,145 shares during the last quarter. JAT Capital Mgmt LP purchased a new position in shares of Celestica in the 1st quarter valued at approximately $40,077,000. Finally, BNP Paribas Financial Markets raised its position in shares of Celestica by 79.3% in the 1st quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company's stock valued at $78,162,000 after purchasing an additional 438,762 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CLS has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their price target on shares of Celestica from $225.00 to $295.00 and gave the stock an "overweight" rating in a research report on Monday, September 8th. Wall Street Zen lowered shares of Celestica from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Royal Bank Of Canada raised their price target on shares of Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. BNP Paribas reissued an "outperform" rating and set a $300.00 price target on shares of Celestica in a research report on Thursday, September 25th. Finally, Barclays raised their price target on shares of Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $184.38.

Celestica Price Performance

NYSE:CLS opened at $251.91 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. The firm has a market cap of $28.98 billion, a price-to-earnings ratio of 54.53 and a beta of 1.88. The company has a 50 day moving average price of $216.09 and a 200-day moving average price of $148.89. Celestica, Inc. has a 1-year low of $48.97 and a 1-year high of $261.83.

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 for the quarter, beating the consensus estimate of $1.23 by $0.16. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.65 billion. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The business's quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. Equities research analysts forecast that Celestica, Inc. will post 4.35 EPS for the current 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.

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