Celestica, Inc. $CLS Stock Holdings Lowered by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. reduced its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 13.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 92,775 shares of the technology company’s stock after selling 14,005 shares during the quarter. Celestica accounts for approximately 2.6% of Triasima Portfolio Management inc.’s holdings, making the stock its 4th largest holding. Triasima Portfolio Management inc.’s holdings in Celestica were worth $14,466,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CLS. Voya Investment Management LLC raised its holdings in shares of Celestica by 362.8% during the 1st quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company’s stock valued at $146,122,000 after buying an additional 1,453,473 shares during the period. Alkeon Capital Management LLC purchased a new stake in shares of Celestica during the 1st quarter valued at about $96,936,000. Alliancebernstein L.P. raised its holdings in shares of Celestica by 405.5% during the 1st quarter. Alliancebernstein L.P. now owns 731,937 shares of the technology company’s stock valued at $57,684,000 after buying an additional 587,145 shares during the period. JAT Capital Mgmt LP purchased a new stake in Celestica during the 1st quarter worth approximately $40,077,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in Celestica during the 2nd quarter worth approximately $75,691,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CLS has been the topic of several analyst reports. UBS Group restated a “neutral” rating and set a $208.00 price objective (up from $101.00) on shares of Celestica in a report on Wednesday, July 30th. Canaccord Genuity Group lifted their price objective on Celestica from $126.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Royal Bank Of Canada lifted their price objective on Celestica from $185.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Barclays lifted their price objective on Celestica from $146.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Finally, Citigroup lifted their price objective on Celestica from $172.00 to $212.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $207.38.

Celestica Stock Performance

Shares of CLS opened at $238.14 on Wednesday. The business’s fifty day moving average price is $221.07 and its 200 day moving average price is $153.37. Celestica, Inc. has a 12-month low of $54.52 and a 12-month high of $261.83. The stock has a market capitalization of $27.39 billion, a PE ratio of 51.55 and a beta of 1.88. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.16. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same period last year, the business posted $0.91 earnings per share. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. Equities research analysts forecast that Celestica, Inc. will post 4.35 EPS for the current year.

About Celestica

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.