Bank Julius Baer & Co. Ltd Zurich Acquires Shares of 8,353 Celestica, Inc. $CLS

Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 8,353 shares of the technology company’s stock, valued at approximately $2,498,000.

A number of other hedge funds have also recently modified their holdings of CLS. NewGen Equity Long Short Fund purchased a new position in shares of Celestica in the second quarter valued at about $14,050,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Celestica by 7,646.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company’s stock valued at $157,000 after acquiring an additional 994 shares during the period. First Trust Advisors LP increased its position in shares of Celestica by 30.0% in the second quarter. First Trust Advisors LP now owns 78,061 shares of the technology company’s stock valued at $12,197,000 after acquiring an additional 18,025 shares during the period. NewEdge Advisors LLC increased its position in shares of Celestica by 385.8% in the second quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company’s stock valued at $438,000 after acquiring an additional 2,226 shares during the period. Finally, HUB Investment Partners LLC boosted its stake in shares of Celestica by 11.0% during the 2nd quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company’s stock valued at $497,000 after purchasing an additional 315 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Stock Down 6.0%

CLS opened at $358.50 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average price of $332.46 and a 200-day moving average price of $316.39. Celestica, Inc. has a twelve month low of $109.09 and a twelve month high of $435.00. The stock has a market capitalization of $41.22 billion, a price-to-earnings ratio of 43.35, a PEG ratio of 0.89 and a beta of 2.09.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.08. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The firm had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the previous year, the company earned $1.20 earnings per share. The firm’s quarterly revenue was up 52.8% on a year-over-year basis. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Equities research analysts forecast that Celestica, Inc. will post 9.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CLS. Canaccord Genuity Group lifted their target price on shares of Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Susquehanna lifted their target price on shares of Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $350.00 to $430.00 in a research note on Wednesday, April 29th. Wall Street Zen raised shares of Celestica from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Celestica currently has an average rating of “Moderate Buy” and a consensus target price of $427.42.

About Celestica

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.