Ritholtz Wealth Management Reduces Stock Position in Celestica, Inc. $CLS

Ritholtz Wealth Management lessened its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 31.9% during the second quarter, Holdings Channel.com reports. The fund owned 54,245 shares of the technology company’s stock after selling 25,354 shares during the period. Ritholtz Wealth Management’s holdings in Celestica were worth $8,468,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. ORG Partners LLC purchased a new stake in shares of Celestica during the first quarter worth about $29,000. Center for Financial Planning Inc. bought a new position in Celestica during the 1st quarter valued at approximately $30,000. ST Germain D J Co. Inc. purchased a new stake in Celestica in the 2nd quarter worth approximately $37,000. Farther Finance Advisors LLC grew its position in shares of Celestica by 1,516.7% in the 1st quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company’s stock worth $54,000 after buying an additional 637 shares during the last quarter. Finally, Wolff Wiese Magana LLC grew its position in shares of Celestica by 45.6% in the 2nd quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock worth $57,000 after buying an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

CLS has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their target price on Celestica from $185.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a report on Wednesday, October 8th. BNP Paribas reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Celestica in a research report on Thursday, September 25th. TD Securities lowered shares of Celestica from a “buy” rating to a “hold” rating and lifted their target price for the company from $130.00 to $238.00 in a research note on Friday, October 3rd. Finally, CICC Research assumed coverage on shares of Celestica in a research note on Tuesday, August 19th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.46.

Celestica Stock Down 5.0%

NYSE:CLS opened at $248.08 on Wednesday. Celestica, Inc. has a 1-year low of $55.30 and a 1-year high of $270.15. The company has a market capitalization of $28.54 billion, a PE ratio of 53.70 and a beta of 1.88. The firm’s 50-day moving average price is $226.52 and its 200-day moving average price is $159.03. 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 for the quarter, topping analysts’ consensus estimates of $1.23 by $0.16. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the prior year, the company earned $0.91 earnings per share. The business’s revenue was up 21.0% compared to the same quarter last year. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. On average, equities analysts predict that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Celestica 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.