TD Waterhouse Canada Inc. Purchases 16,961 Shares of Celestica, Inc. $CLS

Key Points

• TD Waterhouse Canada increased its Celestica stake by 14.3%, purchasing 16,961 shares to hold 135,663 shares valued at approximately $49 million. Institutional investors collectively own 67.38% of the company.
• Celestica exceeded quarterly expectations, reporting $2.54 in EPS versus a $2.29 consensus estimate and $4.68 billion in revenue, up 62.4% year over year.
• Analyst sentiment remains positive, with the stock carrying a consensus “Buy” rating and a $439.81 price target, although Celestica’s CFO and CEO recently sold shares and insiders have sold $135.2 million worth of stock over the past three months.

TD Waterhouse Canada Inc. grew its position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 14.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,663 shares of the technology company's stock after purchasing an additional 16,961 shares during the period. TD Waterhouse Canada Inc. owned about 0.12% of Celestica worth $49,023,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Celestica in the 4th quarter worth about $28,000. Ascentis Independent Advisors purchased a new position in shares of Celestica in the 1st quarter worth approximately $29,000. Swiss RE Ltd. purchased a new position in shares of Celestica in the 4th quarter worth approximately $29,000. Cullen Frost Bankers Inc. bought a new position in shares of Celestica in the fourth quarter valued at approximately $30,000. Finally, Sittner & Nelson LLC purchased a new stake in shares of Celestica during the fourth quarter valued at approximately $31,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Price Performance

NYSE CLS opened at $310.12 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. The company has a market cap of $35.66 billion, a PE ratio of 32.24 and a beta of 2.04. Celestica, Inc. has a 52 week low of $210.62 and a 52 week high of $474.02. The firm's 50-day simple moving average is $327.97 and its two-hundred day simple moving average is $335.94.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 7.16% and a return on equity of 39.96%. The company's quarterly revenue was up 62.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. Research analysts predict that Celestica, Inc. will post 10.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Zacks Research upgraded Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, June 26th. Weiss Ratings downgraded Celestica from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, August 13th. Wall Street Zen lowered Celestica from a "buy" rating to a "hold" rating in a research report on Saturday, August 29th. Canadian Imperial Bank of Commerce lifted their target price on Celestica from $480.00 to $500.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Finally, Stifel Nicolaus set a $500.00 price target on shares of Celestica in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $439.81.

Insiders Place Their Bets

In other Celestica news, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the sale, the chief financial officer owned 65,444 shares in the company, valued at $24,169,778.08. This represents a 19.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert Mionis sold 23,496 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $362.39, for a total value of $8,514,715.44. Following the completion of the transaction, the chief executive officer directly owned 23,396 shares of the company's stock, valued at $8,478,476.44. The trade was a 50.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 356,553 shares of company stock worth $135,238,444 in the last three months. Insiders own 1.10% of the company's stock.

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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