Ferguson Wellman Capital Management Inc. Makes New Investment in Celestica, Inc. $CLS

Ferguson Wellman Capital Management Inc. bought a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 76,975 shares of the technology company’s stock, valued at approximately $27,821,000.

Several other institutional investors also recently modified their holdings of CLS. Cibc World Market Inc. purchased a new position in Celestica during the 2nd quarter valued at about $757,811,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Celestica during the second quarter valued at approximately $674,199,000. Bank of America Corp DE purchased a new position in shares of Celestica during the second quarter valued at approximately $444,899,000. The Manufacturers Life Insurance Company bought a new stake in shares of Celestica in the 2nd quarter worth approximately $351,717,000. Finally, Legal & General Group Plc purchased a new stake in shares of Celestica in the 2nd quarter worth approximately $333,588,000. 67.38% of the stock is currently owned by institutional investors.

Celestica Price Performance

Celestica stock traded down $2.12 during mid-day trading on Monday, reaching $385.19. 653,625 shares of the company’s stock traded hands, compared to its average volume of 2,420,680. Celestica, Inc. has a 12-month low of $230.24 and a 12-month high of $474.02. 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 stock has a 50 day moving average of $330.45 and a two-hundred day moving average of $345.99. The company has a market cap of $44.29 billion, a price-to-earnings ratio of 40.02 and a beta of 2.01.

Celestica (NYSE:CLS) (TSE:CLS) last posted 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 firm had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business’s quarterly revenue was up 62.4% on a year-over-year basis. During the same period in the previous year, the firm posted $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. Equities analysts forecast that Celestica, Inc. will post 10.71 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on CLS. UBS Group raised Celestica from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $410.00 to $430.00 in a research report on Monday, August 24th. Zacks Research lowered shares of Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. BWS Financial reaffirmed a “buy” rating on shares of Celestica in a report on Tuesday, July 28th. Scotiabank began coverage on shares of Celestica in a report on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 price target on the stock. Finally, TD Cowen reissued a “buy” rating on shares of Celestica in a research report on Wednesday, September 16th. Twenty-three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $450.50.

Insiders Place Their Bets

In other Celestica news, CFO Mandeep Chawla sold 16,117 shares of the company’s stock in a transaction that occurred 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 directly 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, President Todd Cooper sold 20,118 shares of the stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $360.00, for a total value of $7,242,480.00. Following the sale, the president owned 73,252 shares in the company, valued at $26,370,720. The trade was a 21.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 243,067 shares of company stock valued at $89,200,967 over the last ninety days. 1.10% of the stock is owned by insiders.

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply-chain services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.

Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.