Global Trust Asset Management LLC Acquires 938 Shares of Celestica, Inc. $CLS

Global Trust Asset Management LLC grew its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 22.6% in the 2nd quarter, Holdings Channel reports. The fund owned 5,086 shares of the technology company’s stock after buying an additional 938 shares during the period. Global Trust Asset Management LLC’s holdings in Celestica were worth $794,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Celestica by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 4,514,605 shares of the technology company’s stock valued at $356,135,000 after purchasing an additional 35,690 shares during the last quarter. Voya Investment Management LLC boosted its position in Celestica by 362.8% in the first quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company’s stock valued at $146,122,000 after buying an additional 1,453,473 shares in the last quarter. Royal Bank of Canada boosted its position in 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 buying an additional 19,391 shares in the last quarter. Alkeon Capital Management LLC acquired a new stake in Celestica in the first quarter valued at approximately $96,936,000. Finally, BNP Paribas Financial Markets lifted its stake 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 acquiring an additional 438,762 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wall Street Zen cut Celestica from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Royal Bank Of Canada boosted their price target on Celestica from $185.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. UBS Group restated a “neutral” rating and set a $208.00 price target (up from $101.00) on shares of Celestica in a report on Wednesday, July 30th. Citigroup lifted their target price on shares of Celestica from $172.00 to $212.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Finally, Barclays lifted their target price 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 assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Celestica presently has an average rating of “Moderate Buy” and a consensus price target of $184.38.

Celestica Price Performance

Celestica stock opened at $244.30 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. Celestica, Inc. has a one year low of $48.97 and a one year high of $261.83. The stock’s 50 day moving average is $210.97 and its 200 day moving average is $146.41. The firm has a market cap of $28.10 billion, a P/E ratio of 52.88 and a beta of 1.89.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $2.65 billion. During the same quarter last year, the business earned $0.91 EPS. The company’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. As a group, research analysts expect that Celestica, Inc. will post 4.35 EPS for the current year.

Celestica 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.