Magnetar Financial LLC Acquires Shares of 43,086 Celestica, Inc. $CLS

Magnetar Financial LLC acquired a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 43,086 shares of the technology company’s stock, valued at approximately $3,396,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. CoreCap Advisors LLC increased its stake in shares of Celestica by 5.4% during the fourth quarter. CoreCap Advisors LLC now owns 1,760 shares of the technology company’s stock worth $162,000 after acquiring an additional 90 shares during the period. Freedom Investment Management Inc. boosted its holdings in Celestica by 1.5% in the 1st quarter. Freedom Investment Management Inc. now owns 6,360 shares of the technology company’s stock valued at $501,000 after purchasing an additional 96 shares in the last quarter. First National Bank of Hutchinson increased its position in Celestica by 2.5% during the 1st quarter. First National Bank of Hutchinson now owns 4,914 shares of the technology company’s stock worth $387,000 after purchasing an additional 120 shares during the period. Private Trust Co. NA raised its stake in shares of Celestica by 14.1% during the 1st quarter. Private Trust Co. NA now owns 993 shares of the technology company’s stock worth $78,000 after buying an additional 123 shares in the last quarter. Finally, Csenge Advisory Group lifted its holdings in shares of Celestica by 7.1% in the 1st quarter. Csenge Advisory Group now owns 2,593 shares of the technology company’s stock valued at $218,000 after buying an additional 171 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Price Performance

Celestica stock opened at $195.12 on Friday. The firm has a market capitalization of $22.45 billion, a PE ratio of 42.23 and a beta of 1.80. Celestica, Inc. has a 52 week low of $40.65 and a 52 week high of $218.80. The firm’s 50-day simple moving average is $177.19 and its 200 day simple moving average is $127.59. 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) (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. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period last year, the firm posted $0.91 EPS. The firm’s revenue for the quarter 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, equities research analysts predict that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CLS has been the topic of a number of recent analyst reports. Canaccord Genuity Group upped their price objective on Celestica from $126.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Wall Street Zen raised shares of Celestica from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Citigroup increased their price target on shares of Celestica from $172.00 to $212.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. UBS Group reissued a “neutral” rating and set a $208.00 price objective (up previously from $101.00) on shares of Celestica in a report on Wednesday, July 30th. Finally, BMO Capital Markets restated an “outperform” rating and set a $130.00 target price (up from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Celestica has an average rating of “Buy” and a consensus price target of $168.92.

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.