Shell Asset Management Co. Trims Stake in Celestica, Inc. $CLS

Shell Asset Management Co. reduced its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 44.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,581 shares of the technology company’s stock after selling 24,063 shares during the quarter. Shell Asset Management Co.’s holdings in Celestica were worth $4,774,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CLS. Jones Financial Companies Lllp increased its position in shares of 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 buying an additional 22,452 shares in the last quarter. Consolidated Planning Corp purchased a new stake in shares of Celestica in the first quarter valued at approximately $3,361,000. Fortis Capital Advisors LLC purchased a new stake in shares of Celestica in the second quarter valued at approximately $343,000. Think Investments LP purchased a new stake in shares of Celestica in the first quarter valued at approximately $14,939,000. Finally, Royal Bank of Canada increased its position in shares of 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. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CLS has been the subject of a number of recent analyst reports. BNP Paribas restated an “outperform” rating and issued a $300.00 price objective on shares of Celestica in a research report on Thursday, September 25th. TD Securities cut Celestica from a “buy” rating to a “hold” rating and boosted their price objective for the company from $130.00 to $238.00 in a research report on Friday, October 3rd. Barclays boosted their price target on Celestica from $146.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. 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 research report on Wednesday, July 30th. Finally, UBS Group reiterated 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. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $207.38.

Celestica Stock Up 1.2%

Shares of NYSE:CLS opened at $238.14 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48. The business has a fifty day moving average of $221.07 and a two-hundred day 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 52-week low of $54.52 and a 52-week high of $261.83.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.16. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the business 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. On average, research analysts expect 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.