FNY Investment Advisers LLC Buys 11,480 Shares of Celestica, Inc. $CLS

FNY Investment Advisers LLC grew its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 574.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,480 shares of the technology company’s stock after buying an additional 11,480 shares during the period. Celestica makes up 0.9% of FNY Investment Advisers LLC’s portfolio, making the stock its 23rd biggest position. FNY Investment Advisers LLC’s holdings in Celestica were worth $2,104,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp lifted its holdings in shares of Celestica by 1,103.8% during the 1st quarter. Jones Financial Companies Lllp now owns 24,486 shares of the technology company’s stock valued at $1,930,000 after purchasing an additional 22,452 shares in the last quarter. Fortis Capital Advisors LLC bought a new position in shares of Celestica during the 2nd quarter valued at about $343,000. Think Investments LP bought a new position in shares of Celestica during the 1st quarter valued at about $14,939,000. Royal Bank of Canada lifted its holdings in shares of Celestica by 1.5% during the 1st quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company’s stock valued at $100,922,000 after purchasing an additional 19,391 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Celestica by 79.3% during the 1st 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 in the last quarter. Institutional investors own 67.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CLS. The Goldman Sachs Group began coverage on Celestica in a report on Thursday, October 16th. They set a “buy” rating and a $340.00 price objective on the stock. BNP Paribas reiterated an “outperform” rating and set a $300.00 price objective on shares of Celestica in a report on Thursday, September 25th. CICC Research began coverage on Celestica in a report on Tuesday, August 19th. They set an “outperform” rating on the stock. Wall Street Zen upgraded Celestica from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Finally, TD Securities cut Celestica from a “buy” rating to a “hold” rating and boosted their target price for the company from $130.00 to $238.00 in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Celestica has an average rating of “Moderate Buy” and a consensus price target of $242.93.

Celestica Trading Down 3.2%

NYSE CLS opened at $264.80 on Wednesday. The stock has a market capitalization of $30.46 billion, a price-to-earnings ratio of 57.32 and a beta of 1.88. The stock’s 50 day moving average price is $233.31 and its two-hundred day moving average price is $165.91. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. Celestica, Inc. has a 52 week low of $55.30 and a 52 week high of $296.85.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.23 by $0.16. The firm had revenue of $2.89 billion for 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 business’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. As a group, analysts anticipate that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

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.