Ballentine Partners LLC Makes New $328,000 Investment in Celestica, Inc. $CLS

Ballentine Partners LLC bought a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,103 shares of the technology company’s stock, valued at approximately $328,000.

Several other institutional investors also recently modified their holdings of CLS. Jones Financial Companies Lllp boosted its stake in Celestica by 1,103.8% in the first quarter. Jones Financial Companies Lllp now owns 24,486 shares of the technology company’s stock valued at $1,930,000 after acquiring an additional 22,452 shares during the last quarter. Consolidated Planning Corp acquired a new position in shares of Celestica in the 1st quarter valued at $3,361,000. Think Investments LP bought a new position in shares of Celestica in the 1st quarter worth $14,939,000. Royal Bank of Canada grew its stake in shares of Celestica by 1.5% during the first quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company’s stock worth $100,922,000 after purchasing an additional 19,391 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings 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 last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Trading Down 0.1%

CLS opened at $244.30 on Monday. The firm’s fifty day simple moving average is $210.97 and its 200 day simple moving average is $146.41. The stock has a market capitalization of $28.10 billion, a P/E ratio of 52.88 and a beta of 1.89. 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, Inc. has a 12 month low of $48.97 and a 12 month high of $261.83.

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, beating analysts’ consensus estimates of $1.23 by $0.16. The company 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%.The company’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the previous year, the company posted $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. As a group, research analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CLS has been the topic of several analyst reports. BNP Paribas reissued an “outperform” rating and issued a $300.00 target price on shares of Celestica in a research note on Thursday. Citigroup lifted their price objective on shares of Celestica from $172.00 to $212.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Canaccord Genuity Group lifted their price target on shares of Celestica from $126.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada boosted their price target on shares of Celestica from $185.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Celestica from $225.00 to $295.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $184.38.

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.