Belpointe Asset Management LLC Purchases New Stake in Celestica, Inc. $CLS

Belpointe Asset Management LLC purchased a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,200 shares of the technology company’s stock, valued at approximately $343,000.

Other large investors have also added to or reduced their stakes in the company. ORG Partners LLC bought a new stake in Celestica in the 1st quarter valued at $29,000. Center for Financial Planning Inc. bought a new stake in Celestica in the 1st quarter valued at $30,000. ST Germain D J Co. Inc. bought a new stake in Celestica in the 2nd quarter valued at $37,000. Farther Finance Advisors LLC raised its stake in Celestica by 1,516.7% in the 1st quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company’s stock valued at $54,000 after acquiring an additional 637 shares during the period. Finally, Wolff Wiese Magana LLC raised its stake in Celestica by 45.6% in the 2nd quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock valued at $57,000 after acquiring an additional 114 shares during the period. Institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CLS. BNP Paribas restated an “outperform” rating and issued a $300.00 price target on shares of Celestica in a research note on Thursday, September 25th. Canaccord Genuity Group increased their price objective on Celestica from $126.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Barclays increased 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. Citigroup increased their price objective on Celestica from $172.00 to $212.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen upgraded Celestica from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $207.38.

Celestica Stock Performance

CLS opened at $243.91 on Friday. The firm has a market cap of $28.06 billion, a P/E ratio of 52.79 and a beta of 1.88. Celestica, Inc. has a 52-week low of $55.30 and a 52-week high of $263.90. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. The business’s fifty day moving average is $224.30 and its 200-day moving average is $156.18.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results 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. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.Celestica’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the firm 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. Sell-side analysts expect that Celestica, Inc. will post 4.35 EPS 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.