Addenda Capital Inc. grew its position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 70.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,522 shares of the technology company's stock after purchasing an additional 28,432 shares during the period. Addenda Capital Inc. owned 0.06% of Celestica worth $24,997,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of CLS. NewGen Equity Long Short Fund acquired a new position in Celestica in the second quarter valued at $14,050,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Celestica by 7,646.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company's stock worth $157,000 after acquiring an additional 994 shares during the last quarter. First Trust Advisors LP grew its holdings in Celestica by 30.0% in the second quarter. First Trust Advisors LP now owns 78,061 shares of the technology company's stock valued at $12,197,000 after purchasing an additional 18,025 shares during the period. NewEdge Advisors LLC increased its position in Celestica by 385.8% during the second quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company's stock worth $438,000 after purchasing an additional 2,226 shares during the last quarter. Finally, HUB Investment Partners LLC increased its position in Celestica by 11.0% during the second quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company's stock worth $497,000 after purchasing an additional 315 shares during the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on CLS. Canadian Imperial Bank of Commerce lifted their price target on shares of Celestica from $480.00 to $500.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. Barclays cut their target price on Celestica from $430.00 to $406.00 and set an "overweight" rating on the stock in a research report on Friday, August 7th. Weiss Ratings downgraded Celestica from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, August 13th. UBS Group upgraded Celestica from a "neutral" rating to a "buy" rating and upped their price target for the stock from $410.00 to $430.00 in a research note on Monday, August 24th. Finally, Wall Street Zen downgraded Celestica from a "buy" rating to a "hold" rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $439.81.
Get Our Latest Report on CLS
Insider Transactions at Celestica
In other news, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the transaction, the chief financial officer directly owned 82,444 shares in the company, valued at approximately $32,948,744.60. This represents a 17.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Mionis sold 98,453 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total transaction of $36,328,172.47. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 356,553 shares of company stock valued at $135,238,444 in the last three months. 1.10% of the stock is currently owned by company insiders.
Celestica Price Performance
Shares of CLS stock opened at $298.87 on Monday. The company has a market capitalization of $34.36 billion, a PE ratio of 31.07 and a beta of 2.06. The firm has a fifty day simple moving average of $333.42 and a 200-day simple moving average of $335.73. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. Celestica, Inc. has a twelve month low of $183.66 and a twelve month high of $474.02.
Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.25. The firm had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The firm's quarterly revenue was up 62.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. Equities research analysts anticipate that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.
Celestica Profile
(
Free Report)
Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.
The company's service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.
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