Deutsche Bank AG Purchases New Stake in Celestica, Inc. $CLS

Deutsche Bank AG acquired a new position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 291,972 shares of the technology company's stock, valued at approximately $106,511,000. Deutsche Bank AG owned approximately 0.25% of Celestica at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CLS. Perigon Wealth Management LLC bought a new stake in shares of Celestica in the 2nd quarter worth about $602,000. Commerzbank Aktiengesellschaft FI bought a new position in shares of Celestica during the second quarter worth about $1,068,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Celestica in the second quarter worth about $2,187,000. OneDigital Investment Advisors LLC acquired a new position in Celestica in the second quarter worth about $2,106,000. Finally, Plato Investment Management Ltd acquired a new position in Celestica in the second quarter worth about $2,853,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Celestica

In related news, CFO Mandeep Chawla sold 17,000 shares of Celestica 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 sale, the chief financial officer directly owned 82,444 shares in the company, valued at $32,948,744.60. The trade was a 17.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Mionis sold 98,453 shares of the company'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. In the last three months, insiders sold 356,553 shares of company stock valued at $135,238,444. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on CLS. Zacks Research upgraded Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 26th. Royal Bank Of Canada lifted their target price on Celestica from $440.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. TD Securities upgraded Celestica from a "hold" rating to a "buy" rating and set a $430.00 price target for the company in a report on Wednesday, April 29th. The Goldman Sachs Group reissued a "buy" rating and set a $475.00 price target on shares of Celestica in a research report on Tuesday, April 28th. Finally, BWS Financial restated a "buy" rating on shares of Celestica in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $438.86.

Celestica Stock Performance

Shares of NYSE CLS opened at $302.01 on Thursday. Celestica, Inc. has a 12-month low of $173.23 and a 12-month high of $474.02. The company has a market cap of $34.72 billion, a PE ratio of 31.39 and a beta of 2.06. The stock has a 50 day simple moving average of $344.76 and a 200-day simple moving average of $335.28. 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 (NYSE:CLS - Get Free Report) TSE: CLS last posted its 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 firm had revenue of $4.68 billion for the quarter, compared to analysts' expectations of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The firm's revenue was up 62.4% compared to the same quarter last year. During the same period 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. On average, equities research analysts forecast that Celestica, Inc. will post 9.97 EPS for the current year.

About Celestica

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source