Edmond DE Rothschild Holding S.A. Takes Position in Celestica, Inc. $CLS

Key Points

• Edmond DE Rothschild Holding S.A. bought 6,994 Celestica shares worth approximately $2.55 million during the second quarter. Institutional investors collectively own 67.38% of the company.
• Celestica reported strong quarterly results, with EPS of $2.54 exceeding estimates of $2.29 and revenue rising 62.4% year over year to $4.68 billion.
• Analysts remain broadly bullish, with an average “Moderate Buy” rating and a $438.86 price target, although company insiders sold roughly $135.2 million of shares over the past 90 days.

Edmond DE Rothschild Holding S.A. purchased a new position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,994 shares of the technology company's stock, valued at approximately $2,551,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Csenge Advisory Group purchased a new position in shares of Celestica during the second quarter worth about $448,000. Tacita Capital Inc purchased a new position in Celestica during the 2nd quarter worth approximately $1,705,000. Diversify Advisory Services LLC acquired a new position in Celestica during the second quarter worth approximately $4,554,000. K.J. Harrison & Partners Inc acquired a new position in Celestica during the second quarter worth approximately $1,092,000. Finally, BlackRock Inc. purchased a new stake in Celestica in the second quarter valued at approximately $223,849,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Celestica news, CEO Robert Mionis sold 98,453 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total value of $36,328,172.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mandeep Chawla sold 17,000 shares of the business's stock in a transaction 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 sale, the chief financial officer 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 disclosure for this sale is available in the SEC filing. Insiders have sold 356,553 shares of company stock worth $135,238,444 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Celestica Price Performance

Shares of NYSE CLS opened at $302.45 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68. The stock has a fifty day moving average price of $343.11 and a 200 day moving average price of $335.43. Celestica, Inc. has a 1-year low of $179.01 and a 1-year high of $474.02. The company has a market cap of $34.78 billion, a PE ratio of 31.44 and a beta of 2.06.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the firm earned $1.39 earnings per share. The business's quarterly revenue was up 62.4% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Sell-side analysts forecast that Celestica, Inc. will post 9.97 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on CLS. Stifel Nicolaus set a $500.00 price objective on Celestica in a report on Tuesday, July 28th. JPMorgan Chase & Co. upped their price target on shares of Celestica from $445.00 to $485.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Rothschild & Co Redburn began coverage on shares of Celestica in a research note on Friday, May 1st. They set a "buy" rating and a $460.00 price target for the company. Barclays lowered their price objective on shares of Celestica from $430.00 to $406.00 and set an "overweight" rating on the stock in a research report on Friday, August 7th. Finally, BMO Capital Markets upped their target price on shares of Celestica from $370.00 to $450.00 and gave the company an "outperform" rating in a report on Friday, April 24th. 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $438.86.

Celestica Profile

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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