TD Waterhouse Canada Inc. raised its position in Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) by 36.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,144 shares of the technology company’s stock after buying an additional 49,481 shares during the period. TD Waterhouse Canada Inc. owned 0.16% of Celestica worth $69,030,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Washington Trust Advisors Inc. bought a new stake in Celestica during the 2nd quarter worth approximately $28,000. Elevation Wealth Partners LLC acquired a new position in Celestica in the third quarter worth $28,000. Ascentis Independent Advisors bought a new stake in shares of Celestica during the first quarter worth $29,000. Mather Group LLC. grew its holdings in shares of Celestica by 266.7% during the third quarter. Mather Group LLC. now owns 121 shares of the technology company’s stock worth $44,000 after purchasing an additional 88 shares during the last quarter. Finally, Harbor Investment Advisory LLC acquired a new stake in shares of Celestica in the second quarter valued at $58,000. 67.38% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on CLS. Royal Bank Of Canada set a $450.00 price target on shares of Celestica and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. Wolfe Research boosted their target price on shares of Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Barclays reduced their target price on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Zacks Research cut shares of Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Finally, Wall Street Zen lowered shares of Celestica from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. Twenty-three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Celestica has a consensus rating of “Moderate Buy” and a consensus target price of $450.50.
Read Our Latest Research Report on Celestica
Celestica Trading Down 3.7%
CLS stock traded down $11.74 during midday trading on Friday, reaching $303.51. The stock had a trading volume of 1,870,865 shares, compared to its average volume of 2,205,016. The firm has a market cap of $34.90 billion, a price-to-earnings ratio of 31.55 and a beta of 2.01. Celestica, Inc. has a twelve month low of $244.51 and a twelve month high of $474.02. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $332.79 and a two-hundred day simple moving average of $350.26.
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last issued its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.25. The company had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The company’s revenue for the quarter was up 62.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.39 EPS. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. As a group, research analysts expect that Celestica, Inc. will post 10.71 EPS for the current fiscal year.
Insider Buying and Selling at Celestica
In related news, CEO Robert Mionis sold 23,396 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $364.22, for a total value of $8,521,291.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the completion of the transaction, the chief financial officer directly owned 65,444 shares in the company, valued at $24,169,778.08. The trade was a 19.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 243,067 shares of company stock worth $89,200,967. Insiders own 1.10% of the company’s stock.
About Celestica
Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply-chain services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.
Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.
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