TD Asset Management Inc Purchases 12,207 Shares of Celestica, Inc. $CLS

Key Points

• TD Asset Management Inc increased its stake in Celestica by 2.1%, acquiring an additional 12,207 shares, bringing its total to 584,343 shares valued at approximately $91.1 million.
• Celestica has recently been upgraded by analysts, with Wall Street Zen raising its rating to a "buy" and other reports indicating price targets set as high as $238.
• The company's latest earnings report showed an EPS of $1.39, exceeding estimates and reflecting a 21% year-over-year revenue growth to $2.89 billion.

TD Asset Management Inc grew its position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 2.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 584,343 shares of the technology company's stock after purchasing an additional 12,207 shares during the quarter. TD Asset Management Inc owned approximately 0.51% of Celestica worth $91,114,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. ST Germain D J Co. Inc. acquired a new position in shares of Celestica during the 2nd quarter valued at $37,000. Wolff Wiese Magana LLC lifted its position in shares of Celestica by 45.6% during the 2nd quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company's stock valued at $57,000 after acquiring an additional 114 shares during the period. ORG Partners LLC acquired a new position in shares of Celestica during the 1st quarter valued at $29,000. Center for Financial Planning Inc. acquired a new position in shares of Celestica during the 1st quarter valued at $30,000. Finally, Oakworth Capital Inc. acquired a new position in shares of Celestica during the 2nd quarter valued at $73,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Analyst Upgrades and Downgrades

CLS has been the topic of a number of research reports. Wall Street Zen upgraded shares of Celestica from a "hold" rating to a "buy" rating in a research report on Saturday, October 4th. TD Securities downgraded shares of Celestica from a "buy" rating to a "hold" rating and boosted their target price for the company from $130.00 to $238.00 in a research report on Friday, October 3rd. UBS Group reiterated a "neutral" rating and set a $208.00 target price (up previously from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. CICC Research assumed coverage on shares of Celestica in a report on Tuesday, August 19th. They set an "outperform" rating on the stock. Finally, Royal Bank Of Canada lifted their price objective on shares of Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Celestica has an average rating of "Moderate Buy" and an average target price of $220.46.

Celestica Trading Down 5.0%

NYSE:CLS opened at $248.08 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. The firm has a 50-day moving average of $226.52 and a 200-day moving average of $159.03. The company has a market cap of $28.54 billion, a PE ratio of 53.70 and a beta of 1.88. Celestica, Inc. has a one year low of $55.30 and a one year high of $270.15.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.23 by $0.16. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.65 billion. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The firm's revenue for the quarter was up 21.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 earnings per share. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. As a group, equities research analysts expect that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Celestica Company Profile

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.

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