Wellington Management Group LLP Increases Holdings in Celestica, Inc. $CLS

Key Points

• Wellington Management Group LLP increased its stake in Celestica, Inc. by 39.4%, owning approximately 407,297 shares worth about $32.1 million after acquiring 115,156 shares in the first quarter.
• Institutional investors hold a significant 67.38% of Celestica's stock, with other firms like Vanguard and Polar Capital Holdings also increasing their positions in the company.
• Celestica reported better-than-expected quarterly earnings with an EPS of $1.39, exceeding analysts' estimates of $1.23, and had a revenue increase of 21.0% year-over-year for the quarter.

Wellington Management Group LLP grew its holdings in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 39.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 407,297 shares of the technology company's stock after buying an additional 115,156 shares during the period. Wellington Management Group LLP owned approximately 0.35% of Celestica worth $32,100,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rothschild Investment LLC bought a new position in shares of Celestica during the 1st quarter worth approximately $26,000. ORG Partners LLC bought a new position in shares of Celestica in the 1st quarter worth $29,000. Center for Financial Planning Inc. bought a new position in shares of Celestica in the 1st quarter worth $30,000. Farther Finance Advisors LLC lifted its holdings in shares of Celestica by 1,516.7% in the 1st quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock worth $54,000 after purchasing an additional 637 shares in the last quarter. Finally, Private Trust Co. NA lifted its holdings in shares of Celestica by 14.1% in the 1st quarter. Private Trust Co. NA now owns 993 shares of the technology company's stock worth $78,000 after purchasing an additional 123 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CLS has been the topic of a number of recent research reports. Royal Bank Of Canada increased their target price on Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. BNP Paribas upgraded Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. BMO Capital Markets restated an "outperform" rating and set a $130.00 price objective (up from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. JPMorgan Chase & Co. raised their price objective on Celestica from $170.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Finally, Barclays raised their price objective on Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $168.92.

Celestica Stock Performance

Shares of Celestica stock traded down $17.21 during trading hours on Friday, hitting $195.12. 3,928,552 shares of the company's stock traded hands, compared to its average volume of 2,909,284. Celestica, Inc. has a 12-month low of $40.65 and a 12-month high of $218.80. The stock has a market capitalization of $22.45 billion, a price-to-earnings ratio of 42.23 and a beta of 1.80. The company has a fifty day simple moving average of $177.19 and a 200-day simple moving average of $127.57. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the firm posted $0.91 EPS. The business's revenue 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. Equities research analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current fiscal 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.