Tacita Capital Inc Takes Position in Celestica, Inc. $CLS

Key Points

• Tacita Capital acquired 4,683 Celestica shares worth approximately $1.7 million, making CLS 0.9% of its portfolio. Institutional investors collectively own 67.38% of the company.
• Analysts remain broadly positive, with 21 of 23 ratings at Strong Buy or Buy and an average price target of $438.86, despite some target-price reductions.
• Celestica exceeded quarterly expectations, reporting $2.54 in EPS versus $2.29 expected and $4.68 billion in revenue, up 62.4% year over year. However, company insiders sold 356,553 shares worth $135.2 million during the last quarter.

Tacita Capital Inc acquired a new position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,683 shares of the technology company's stock, valued at approximately $1,705,000. Celestica comprises 0.9% of Tacita Capital Inc's investment portfolio, making the stock its 24th largest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of CLS. NewGen Equity Long Short Fund acquired a new stake in Celestica in the 2nd quarter valued at about $14,050,000. Northwestern Mutual Wealth Management Co. grew its holdings in Celestica by 7,646.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company's stock worth $157,000 after purchasing an additional 994 shares during the period. First Trust Advisors LP increased its position in Celestica by 30.0% during the second quarter. First Trust Advisors LP now owns 78,061 shares of the technology company's stock worth $12,197,000 after buying an additional 18,025 shares during the last quarter. NewEdge Advisors LLC increased its position in Celestica by 385.8% during the second quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company's stock worth $438,000 after buying an additional 2,226 shares during the last quarter. Finally, HUB Investment Partners LLC raised its stake in Celestica by 11.0% in the second quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company's stock valued at $497,000 after buying an additional 315 shares during the period. 67.38% of the stock is owned by institutional investors.

Insider Buying and Selling at Celestica

In other news, CFO Mandeep Chawla sold 17,000 shares of Celestica 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 completion of the sale, the chief financial officer owned 82,444 shares of the company's stock, valued at approximately $32,948,744.60. This trade represents a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert Mionis sold 98,453 shares of the business'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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 356,553 shares of company stock worth $135,238,444 in the last quarter. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Scotiabank assumed coverage on Celestica in a research note on Tuesday, August 11th. They set a "sector outperform" rating and a $500.00 target price for the company. Barclays dropped their price target on Celestica from $430.00 to $406.00 and set an "overweight" rating on the stock in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce raised their price target on Celestica from $480.00 to $500.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. Wolfe Research lifted their price objective on shares of Celestica from $425.00 to $475.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings downgraded shares of Celestica from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. One research 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. Based on data from MarketBeat.com, Celestica presently has an average rating of "Moderate Buy" and an average price target of $438.86.

Celestica Price Performance

Celestica stock 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 stock's 50 day moving average is $344.76 and its 200-day moving average is $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. The company has a market capitalization of $34.72 billion, a price-to-earnings ratio of 31.39 and a beta of 2.06.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 39.96% and a net margin of 7.16%.The firm's quarterly revenue was up 62.4% compared to the same quarter last year. During the same quarter last year, the company 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 expect that Celestica, Inc. will post 9.97 EPS for the current year.

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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