Celestica, Inc. $CLS Stake Trimmed by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 22.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 418,237 shares of the technology company’s stock after selling 118,258 shares during the quarter. Vontobel Holding Ltd.’s holdings in Celestica were worth $151,343,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Washington Trust Advisors Inc. acquired a new stake in shares of Celestica during the 2nd quarter valued at $28,000. Elevation Wealth Partners LLC bought a new position in shares of Celestica in the third quarter valued at $28,000. Ascentis Independent Advisors purchased a new position in shares of Celestica during the first quarter valued at approximately $29,000. Mather Group LLC. increased its stake in Celestica by 266.7% in the 3rd quarter. Mather Group LLC. now owns 121 shares of the technology company’s stock valued at $44,000 after buying an additional 88 shares during the last quarter. Finally, Harbor Investment Advisory LLC bought a new position in Celestica during the second quarter valued at about $58,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on CLS shares. Canadian Imperial Bank of Commerce increased their target price on shares of Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Sanford C. Bernstein reissued an “outperform” rating on shares of Celestica in a report on Thursday. Weiss Ratings cut Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Wolfe Research boosted their price objective on shares of Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, BWS Financial restated a “buy” rating on shares of Celestica in a report on Tuesday, July 28th. Twenty-three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $450.50.

Celestica Stock Down 3.7%

NYSE:CLS traded down $11.74 on Friday, reaching $303.51. 1,870,865 shares of the stock traded hands, compared to its average volume of 2,205,016. The company has a market capitalization of $34.90 billion, a price-to-earnings ratio of 31.55 and a beta of 2.01. Celestica, Inc. has a 12 month low of $244.51 and a 12 month high of $474.02. 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’s fifty day simple moving average is $332.79 and its 200 day simple moving average is $350.26.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%. The business had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the firm posted $1.39 earnings per share. The business’s revenue for the quarter was up 62.4% on a year-over-year basis. 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 predict that Celestica, Inc. will post 10.71 EPS for the current fiscal year.

Insider Activity at Celestica

In related news, CEO Robert Mionis sold 23,396 shares of the stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $364.22, for a total transaction of $8,521,291.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mandeep Chawla sold 16,117 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the completion of the transaction, the chief financial officer directly owned 65,444 shares in the company, valued at $24,169,778.08. This trade represents a 19.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 243,067 shares of company stock valued at $89,200,967. 1.10% of the stock is owned by company insiders.

Celestica 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.