Bank of Nova Scotia acquired a new position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 336,874 shares of the technology company's stock, valued at approximately $122,850,000. Bank of Nova Scotia owned approximately 0.29% of Celestica as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. NewGen Equity Long Short Fund acquired a new stake in Celestica in the second quarter worth about $14,050,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Celestica by 7,646.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company's stock valued at $157,000 after purchasing an additional 994 shares during the last quarter. First Trust Advisors LP boosted its stake in Celestica by 30.0% in the 2nd quarter. First Trust Advisors LP now owns 78,061 shares of the technology company's stock worth $12,197,000 after purchasing an additional 18,025 shares in the last quarter. NewEdge Advisors LLC grew its position in Celestica by 385.8% during the 2nd 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 stake in Celestica by 11.0% during the 2nd quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company's stock valued at $497,000 after purchasing an additional 315 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company's stock.
Insider Buying and Selling
In other news, CFO Mandeep Chawla sold 17,000 shares of the business's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the sale, the chief financial officer owned 82,444 shares of the company's stock, valued at $32,948,744.60. The trade was a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert Mionis sold 98,453 shares of the business's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total transaction of $36,328,172.47. The SEC filing for this sale provides additional information. Insiders have sold a total of 356,553 shares of company stock worth $135,238,444 in the last quarter. Insiders own 1.10% of the company's stock.
Celestica Stock Performance
CLS opened at $296.03 on Friday. The firm has a fifty day moving average price of $341.15 and a 200 day moving average price of $335.16. Celestica, Inc. has a 1 year low of $179.01 and a 1 year high of $474.02. The stock has a market cap of $34.04 billion, a P/E ratio of 30.77 and a beta of 2.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68.
Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 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 firm's revenue was up 62.4% on a year-over-year basis. During the same quarter last year, the business earned $1.39 earnings per share. 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 10.15 earnings per share for the current year.
Analyst Upgrades and Downgrades
CLS has been the subject of a number of recent research reports. Rothschild & Co Redburn assumed coverage on shares of Celestica in a research report on Friday, May 1st. They set a "buy" rating and a $460.00 price target for the company. Royal Bank Of Canada increased their price objective on shares of Celestica from $440.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. TD Cowen raised shares of Celestica from a "hold" rating to a "buy" rating and raised their target price for the stock from $350.00 to $430.00 in a report on Wednesday, April 29th. The Goldman Sachs Group restated a "buy" rating and set a $475.00 target price on shares of Celestica in a research report on Tuesday, April 28th. Finally, Bank of America reaffirmed a "buy" rating on shares of Celestica in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $438.86.
Check Out Our Latest Analysis on CLS
About Celestica
(
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.
Further Reading
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