Charles Schwab Investment Management Inc. Has $22.24 Million Stock Position in Celestica, Inc. $CLS

Key Points

• Charles Schwab Investment Management Inc. has reduced its stake in Celestica, Inc. by 15.2%, selling 50,368 shares during the 1st quarter, and currently holds 282,021 shares valued at approximately $22.24 million.
• Institutional investment in Celestica is significant, with 67.38% of shares owned by various institutional investors, including Barclays and Price T Rowe Associates, which have increased their holdings substantially.
• Celestica recently reported strong earnings, with EPS of $1.39, exceeding estimates, and has set guidance for future earnings, reflecting positive growth in revenue and profitability.

Charles Schwab Investment Management Inc. lowered its stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 15.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 282,021 shares of the technology company's stock after selling 50,368 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.24% of Celestica worth $22,244,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Exencial Wealth Advisors LLC bought a new stake in Celestica during the first quarter worth approximately $1,238,000. Vanguard Group Inc. lifted its holdings in shares of Celestica by 0.8% during the first quarter. Vanguard Group Inc. now owns 4,514,605 shares of the technology company's stock worth $356,135,000 after buying an additional 35,690 shares during the last quarter. Wealthspire Advisors LLC acquired a new position in shares of Celestica during the first quarter worth approximately $239,000. Maxi Investments CY Ltd acquired a new position in shares of Celestica during the first quarter worth approximately $2,026,000. Finally, Atria Wealth Solutions Inc. lifted its holdings in shares of Celestica by 75.1% during the first quarter. Atria Wealth Solutions Inc. now owns 4,075 shares of the technology company's stock worth $321,000 after buying an additional 1,748 shares during the last quarter. Institutional investors own 67.38% of the company's stock.

Celestica Price Performance

CLS stock traded up $3.95 during trading on Monday, hitting $192.87. The company had a trading volume of 1,871,386 shares, compared to its average volume of 4,303,889. The company has a fifty day moving average price of $170.54 and a two-hundred day moving average price of $125.07. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The company has a market cap of $22.19 billion, a P/E ratio of 41.75 and a beta of 1.80. Celestica, Inc. has a fifty-two week low of $40.65 and a fifty-two week high of $218.80.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.23 by $0.16. The business 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 quarter in the previous year, the firm earned $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. Equities research analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CLS has been the subject of a number of research analyst reports. UBS Group reiterated a "neutral" rating and set a $208.00 price target (up from $101.00) on shares of Celestica in a report on Wednesday, July 30th. CICC Research began coverage on Celestica in a report on Tuesday, August 19th. They set an "outperform" rating for the company. Argus lowered their price objective on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. BNP Paribas upgraded Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. Finally, Barclays boosted their price objective on Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Celestica has a consensus rating of "Buy" and an average price target of $168.92.

About Celestica

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.