Celestica, Inc. $CLS Stock Sold by Vontobel Holding Ltd.

Key Points

• Vontobel Holding cut its Celestica stake by 22% in the third quarter, selling 118,258 shares and retaining 418,237 shares worth approximately $151.3 million. Institutional investors and hedge funds collectively own 67.38% of CLS.
• Celestica shares fell 3.7% to $303.51, well below their 52-week high of $474.02. The company reported quarterly EPS of $2.54 and revenue of $4.68 billion, exceeding analyst estimates, with revenue up 62.4% year over year.
• Analyst sentiment remains strongly positive, with 23 Buy ratings and one Hold rating, producing a consensus “Moderate Buy” rating and an average price target of $450.50. However, insiders sold 243,067 shares worth about $89.2 million over the past 90 days.

Vontobel Holding Ltd. lessened its stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 22.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 418,237 shares of the technology company's stock after selling 118,258 shares during the period. Vontobel Holding Ltd. owned 0.36% of Celestica worth $151,343,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CLS. Cibc World Market Inc. purchased a new position in Celestica in the 2nd quarter worth about $757,811,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Celestica in the second quarter worth $674,199,000. Royal Bank of Canada increased its position in Celestica by 13.8% in the 1st quarter. Royal Bank of Canada now owns 1,283,561 shares of the technology company's stock worth $361,553,000 after purchasing an additional 156,040 shares during the last quarter. Bank of America Corp DE acquired a new stake in Celestica in the second quarter valued at approximately $444,899,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Celestica in the second quarter worth $351,717,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Stock Down 3.7%

NYSE CLS traded down $11.74 on Friday, reaching $303.51. The company had a trading volume of 1,870,865 shares, compared to its average volume of 2,205,016. The firm has a market capitalization of $34.90 billion, a price-to-earnings ratio of 31.55 and a beta of 2.01. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. Celestica, Inc. has a 1-year low of $244.51 and a 1-year high of $474.02. The company's fifty day moving average is $332.79 and its 200-day moving average is $350.26.

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, beating 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 return on equity of 39.96% and a net margin of 7.16%. The company's revenue for the quarter was up 62.4% on a year-over-year basis. During the same quarter last year, the business 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. On average, research analysts forecast that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CLS shares. BWS Financial reissued a "buy" rating on shares of Celestica in a research report on Tuesday, July 28th. Stifel Nicolaus set a $500.00 target price on shares of Celestica in a research note on Tuesday, July 28th. Wall Street Zen lowered Celestica from a "buy" rating to a "hold" rating in a research note on Sunday, September 6th. JPMorgan Chase & Co. lifted their target price on shares of Celestica from $445.00 to $485.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Finally, TD Cowen reaffirmed a "buy" rating on shares of Celestica in a report on Wednesday, September 16th. Twenty-three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $450.50.

Insider Activity at Celestica

In other Celestica news, CFO Mandeep Chawla sold 16,117 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the transaction, the chief financial officer owned 65,444 shares of the company's stock, valued at $24,169,778.08. The trade was a 19.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert Mionis sold 98,453 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were 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. Over the last 90 days, insiders sold 243,067 shares of company stock valued at $89,200,967. Corporate 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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