PDT Partners LLC Sells 19,413 Shares of Celestica, Inc. $CLS

PDT Partners LLC lessened its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 25.0% in the first quarter, Holdings Channel reports. The firm owned 58,181 shares of the technology company’s stock after selling 19,413 shares during the quarter. PDT Partners LLC’s holdings in Celestica were worth $4,585,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CLS. Royal Bank of Canada increased its holdings in Celestica by 1.5% in 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 buying an additional 19,391 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Celestica by 77.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 903,021 shares of the technology company’s stock worth $71,554,000 after acquiring an additional 393,531 shares during the period. Magnetar Financial LLC acquired a new stake in shares of Celestica during the 1st quarter worth approximately $3,396,000. Gordian Capital Singapore Pte Ltd increased its stake in Celestica by 8,910.0% in the first quarter. Gordian Capital Singapore Pte Ltd now owns 901 shares of the technology company’s stock valued at $71,000 after acquiring an additional 891 shares during the last quarter. Finally, Trexquant Investment LP increased its stake in Celestica by 2.5% in the first quarter. Trexquant Investment LP now owns 139,746 shares of the technology company’s stock valued at $11,013,000 after acquiring an additional 3,350 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Celestica Trading Down 8.1%

NYSE CLS opened at $195.12 on Monday. The company has a market cap of $22.45 billion, a price-to-earnings ratio of 42.23 and a beta of 1.89. Celestica, Inc. has a twelve month low of $40.65 and a twelve month high of $218.80. 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’s fifty day moving average is $177.19 and its 200 day moving average is $127.56.

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, topping analysts’ consensus estimates of $1.23 by $0.16. The business 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 business’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. As a group, sell-side analysts expect that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CLS has been the subject of several recent analyst reports. Citigroup upped their target price on Celestica from $172.00 to $212.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. BNP Paribas raised Celestica to a “strong-buy” rating in a report on Wednesday, June 11th. Barclays upped their price objective on Celestica from $146.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. UBS Group reiterated a “neutral” rating and issued a $208.00 target price (up previously from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $130.00 target price (up previously from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $168.92.

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.