WCM Investment Management LLC Sells 75,217 Shares of Celestica, Inc. $CLS

Key Points

• WCM Investment Management LLC reduced its stake in Celestica, Inc. by 7.8%, selling 75,217 shares to own approximately 893,991 shares valued at $136.5 million as of the latest SEC filing.
• Institutional investors collectively own 67.38% of Celestica, with firms like Jones Financial and Royal Bank of Canada significantly increasing their positions during the year.
• Celestica reported a 21.0% increase in quarterly revenue year-over-year, with earnings per share of $1.39, exceeding analysts' estimates of $1.23.

WCM Investment Management LLC lessened its stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 7.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 893,991 shares of the technology company's stock after selling 75,217 shares during the period. WCM Investment Management LLC owned about 0.78% of Celestica worth $136,486,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of CLS. Jones Financial Companies Lllp lifted its position 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 during the last quarter. Consolidated Planning Corp acquired a new stake in shares of Celestica in the first quarter valued at approximately $3,361,000. Fortis Capital Advisors LLC acquired a new stake in shares of Celestica in the second quarter valued at approximately $343,000. Think Investments LP bought a new position in Celestica during the first quarter worth $14,939,000. Finally, Royal Bank of Canada increased 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 valued at $100,922,000 after purchasing an additional 19,391 shares during the last quarter. Institutional investors own 67.38% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of Celestica in a report on Wednesday, October 8th. CICC Research assumed coverage on shares of Celestica in a report on Tuesday, August 19th. They issued an "outperform" rating on the stock. Barclays upped their price objective on shares of Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. TD Cowen reiterated a "hold" rating and set a $238.00 target price on shares of Celestica in a research note on Friday, October 3rd. Finally, Citigroup increased their target price on Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. One 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. Based on data from MarketBeat.com, Celestica currently has a consensus rating of "Moderate Buy" and an average price target of $220.46.

Celestica Price Performance

Shares of NYSE CLS opened at $270.36 on Thursday. The firm has a market cap of $31.10 billion, a P/E ratio of 58.52 and a beta of 1.88. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. Celestica, Inc. has a 1-year low of $55.30 and a 1-year high of $271.70. The business's 50 day moving average is $227.95 and its 200-day moving average is $159.80.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.16. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The firm's quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Equities research analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.