Celestica, Inc. $CLS Shares Acquired by GK Wealth Management LLC

GK Wealth Management LLC lifted its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 25.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,712 shares of the technology company’s stock after purchasing an additional 1,172 shares during the quarter. GK Wealth Management LLC’s holdings in Celestica were worth $892,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Voya Investment Management LLC raised its position in Celestica by 362.8% during the 1st quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company’s stock worth $146,122,000 after buying an additional 1,453,473 shares during the last quarter. Alkeon Capital Management LLC acquired a new position in shares of Celestica during the first quarter worth about $96,936,000. Alliancebernstein L.P. increased its stake in shares of Celestica by 405.5% during the first quarter. Alliancebernstein L.P. now owns 731,937 shares of the technology company’s stock worth $57,684,000 after acquiring an additional 587,145 shares during the period. JAT Capital Mgmt LP purchased a new position in Celestica during the first quarter worth about $40,077,000. Finally, BNP Paribas Financial Markets lifted its position in Celestica by 79.3% in the first 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 period. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CLS shares. CICC Research started coverage on Celestica in a research report on Tuesday, August 19th. They set an “outperform” rating on the stock. BNP Paribas upgraded Celestica to a “strong-buy” rating in a research report on Wednesday, June 11th. Royal Bank Of Canada raised their target price on Celestica from $185.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Citigroup lifted their price target on shares of Celestica from $172.00 to $212.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Finally, Barclays upped their price target on Celestica from $146.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Two 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’s stock. Based on data from MarketBeat, Celestica presently has an average rating of “Buy” and a consensus target price of $174.75.

Celestica Stock Down 1.7%

CLS stock opened at $241.65 on Monday. 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 company’s 50 day simple moving average is $192.94 and its 200-day simple moving average is $135.20. Celestica, Inc. has a 12 month low of $44.46 and a 12 month high of $257.40. The firm has a market capitalization of $27.80 billion, a PE ratio of 52.30 and a beta of 1.89.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.16. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.Celestica’s revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the company 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 analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current fiscal 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.