TD Asset Management Inc Increases Stock Position in Celestica, Inc. $CLS

TD Asset Management Inc boosted its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 584,343 shares of the technology company’s stock after buying an additional 12,207 shares during the quarter. TD Asset Management Inc’s holdings in Celestica were worth $91,114,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. ORG Partners LLC bought a new position in Celestica during the first quarter valued at about $29,000. Center for Financial Planning Inc. bought a new position in Celestica during the first quarter valued at about $30,000. ST Germain D J Co. Inc. bought a new position in Celestica during the second quarter valued at about $37,000. Farther Finance Advisors LLC grew its position in Celestica by 1,516.7% during the first quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company’s stock valued at $54,000 after buying an additional 637 shares during the period. Finally, Wolff Wiese Magana LLC grew its position in Celestica by 45.6% during the second quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock valued at $57,000 after buying an additional 114 shares during the period. Institutional investors own 67.38% of the company’s stock.

Celestica Price Performance

CLS stock opened at $248.08 on Wednesday. The firm has a 50 day moving average of $226.52 and a 200-day moving average of $159.03. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. Celestica, Inc. has a 12 month low of $55.30 and a 12 month high of $270.15. The firm has a market capitalization of $28.54 billion, a P/E ratio of 53.70 and a beta of 1.88.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.16. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the business earned $0.91 earnings per share. Celestica’s revenue was up 21.0% compared to the same quarter last year. 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, sell-side analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CLS has been the subject of several research reports. Citigroup increased their price target on shares of Celestica from $172.00 to $212.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. UBS Group restated a “neutral” rating and set a $208.00 price target (up previously from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. TD Cowen reiterated a “hold” rating and set a $238.00 target price on shares of Celestica in a research report on Friday, October 3rd. BMO Capital Markets increased their target price on shares of Celestica from $230.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Barclays increased their target price on shares of Celestica from $146.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Celestica presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.46.

Celestica 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.