Intech Investment Management LLC Takes $3.55 Million Position in Celestica, Inc. $CLS

Intech Investment Management LLC acquired a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 45,056 shares of the technology company’s stock, valued at approximately $3,554,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Celestica by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 4,514,605 shares of the technology company’s stock valued at $356,135,000 after buying an additional 35,690 shares during the period. Royal Bank of Canada boosted its position in Celestica by 1.5% during the 1st quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company’s stock worth $100,922,000 after buying an additional 19,391 shares during the period. Alkeon Capital Management LLC bought a new stake in Celestica during the 1st quarter worth approximately $96,936,000. BNP Paribas Financial Markets grew its holdings in Celestica by 79.3% during the 1st quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company’s stock worth $78,162,000 after acquiring an additional 438,762 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Celestica by 77.2% in the first quarter. The Manufacturers Life Insurance Company now owns 903,021 shares of the technology company’s stock valued at $71,554,000 after purchasing an additional 393,531 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Celestica from $225.00 to $295.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Citigroup upped their price objective 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. CICC Research assumed coverage on shares of Celestica in a research note on Tuesday, August 19th. They issued an “outperform” rating for the company. BNP Paribas upgraded Celestica to a “strong-buy” rating in a research note on Wednesday, June 11th. Finally, UBS Group reaffirmed a “neutral” rating and set a $208.00 price target (up from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Celestica has a consensus rating of “Buy” and an average target price of $174.75.

Celestica Price Performance

Shares of NYSE:CLS opened at $241.65 on Friday. The stock has a market cap of $27.80 billion, a P/E ratio of 52.30 and a beta of 1.89. Celestica, Inc. has a 12 month low of $44.46 and a 12 month high of $257.40. The company has a 50 day moving average of $192.94 and a 200 day moving average of $135.01. 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 issued its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The business’s revenue for the quarter 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, sell-side analysts forecast that Celestica, Inc. will post 4.35 EPS 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.