Owen LaRue LLC Makes New $1.34 Million Investment in Celestica, Inc. $CLS

Owen LaRue LLC purchased a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,426 shares of the technology company’s stock, valued at approximately $1,337,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Trek Financial LLC increased its position in shares of Celestica by 326.8% in the 3rd quarter. Trek Financial LLC now owns 11,883 shares of the technology company’s stock valued at $2,928,000 after acquiring an additional 9,099 shares during the period. Rockport Wealth LLC acquired a new stake in Celestica during the 3rd quarter worth about $15,384,000. Symphony Financial Ltd. Co. purchased a new stake in Celestica during the 3rd quarter valued at about $302,000. Bey Douglas LLC acquired a new position in shares of Celestica in the third quarter valued at about $163,000. Finally, Charter Oak Capital Management LLC acquired a new position in shares of Celestica in the third quarter valued at about $1,109,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on CLS. JPMorgan Chase & Co. lifted their target price on Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. UBS Group lifted their price objective on shares of Celestica from $208.00 to $350.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Citigroup raised shares of Celestica from a “neutral” rating to a “buy” rating and upped their price objective for the company from $212.00 to $375.00 in a report on Monday, November 10th. TD Securities set a $305.00 target price on shares of Celestica and gave the stock a “hold” rating in a report on Wednesday. Finally, Stifel Nicolaus restated a “buy” rating and set a $385.00 target price (up from $230.00) on shares of Celestica in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and a consensus target price of $340.75.

Insider Activity at Celestica

In other Celestica news, Director Laurette T. Koellner bought 6,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were purchased at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the transaction, the director directly owned 6,000 shares of the company’s stock, valued at approximately $2,050,020. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by company insiders.

Key Headlines Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: TD Securities set a $305 price target, reinforcing buy-side confidence in Celestica’s near-term valuation and growth outlook. Read More.
• Positive Sentiment: Brokerages’ consensus remains constructive — Celestica was given an average “Moderate Buy” rating by analysts, supporting upside expectations. Read More.
• Positive Sentiment: Aletheia Capital published a bullish forecast calling for strong price appreciation, adding to positive sentiment from independent investors. Read More.
• Positive Sentiment: Earnings previews and analyst notes expect Celestica to “double beat” on Q4 results, supported by growth in the CCS (cloud & data-center) segment driven by AI/data-center demand and new switch programs. These expectations are a key driver of the stock’s strength. Read More.
• Neutral Sentiment: Multiple media pieces and analyst summaries (Globe and Mail, MSN) provide mixed analyst commentary and broader sector context but add no single decisive catalyst. Read More. Read More.
• Neutral Sentiment: Investor guidance pieces (e.g., “Should you sell your Celestica stock?”) discuss valuation and risk/ reward but do not introduce new fundamentals. Read More.
• Negative Sentiment: A report that Alphabet is exploring additional TPU suppliers triggered an early sell-off in CLS (shares fell on the news), creating short-term pressure despite the interpretation that it signals rising TPU demand overall. Read More.
• Negative Sentiment: Zacks highlighted a decline in ATS revenues and recent stock weakness (intraday slide), flagging risk from softer end markets and inventory pressure that could weigh on Q4 results if not offset by CCS strength. Read More.

Celestica Price Performance

NYSE:CLS opened at $303.66 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.88. The company has a 50 day moving average price of $309.47 and a 200-day moving average price of $261.98. Celestica, Inc. has a 1-year low of $58.05 and a 1-year high of $363.40. The firm has a market cap of $34.93 billion, a price-to-earnings ratio of 49.30 and a beta of 1.87.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the prior year, the firm posted $1.04 earnings per share. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. Equities research analysts forecast that Celestica, Inc. will post 4.35 EPS for the current year.

Celestica Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.