Ascent Group LLC Lowers Stock Position in Celestica, Inc. $CLS

Ascent Group LLC lessened its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 16.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,724 shares of the technology company’s stock after selling 544 shares during the period. Ascent Group LLC’s holdings in Celestica were worth $425,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CLS. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Celestica in the 4th quarter worth approximately $405,000. Farther Finance Advisors LLC lifted its position 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 during the period. Harbor Capital Advisors Inc. lifted its position in shares of Celestica by 20.3% in the 1st quarter. Harbor Capital Advisors Inc. now owns 25,550 shares of the technology company’s stock worth $2,014,000 after purchasing an additional 4,320 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Celestica by 8.9% in the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 53,700 shares of the technology company’s stock worth $4,232,000 after purchasing an additional 4,400 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Celestica in the 1st quarter worth approximately $415,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. CICC Research assumed coverage on shares of Celestica in a research report on Tuesday, August 19th. They issued an “outperform” rating for the company. TD Cowen reissued a “hold” rating and set a $238.00 target price on shares of Celestica in a research report on Friday, October 3rd. Wall Street Zen raised shares of Celestica from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays increased their target price on shares of Celestica from $146.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Finally, Canaccord Genuity Group increased their target price on shares of Celestica from $126.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and an average price target of $207.38.

Celestica Trading Up 1.2%

NYSE CLS opened at $238.14 on Wednesday. The company has a fifty day simple moving average of $221.07 and a two-hundred day simple moving average of $153.37. The stock has a market cap of $27.39 billion, a P/E ratio of 51.55 and a beta of 1.88. Celestica, Inc. has a 12-month low of $54.52 and a 12-month high of $261.83. 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 (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, topping 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 net margin of 5.11% and a return on equity of 28.23%. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. On average, analysts forecast that Celestica, Inc. will post 4.35 earnings per share 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.