Deutsche Bank AG Acquires New Stake in Celestica, Inc. $CLS

Deutsche Bank AG bought a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 291,972 shares of the technology company’s stock, valued at approximately $106,511,000.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CLS shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $475.00 target price on shares of Celestica in a report on Tuesday, April 28th. Bank of America reissued a “buy” rating on shares of Celestica in a report on Wednesday, July 29th. Citigroup raised their price objective on shares of Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Scotiabank started coverage on shares of Celestica in a research report on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 price objective for the company. Finally, Barclays lowered their price objective on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Celestica presently has an average rating of “Moderate Buy” and a consensus target price of $438.86.

Celestica Stock Performance

Shares of Celestica stock opened at $302.01 on Thursday. The stock has a market cap of $34.72 billion, a PE ratio of 31.39 and a beta of 2.06. The business has a fifty day simple moving average of $344.76 and a 200-day simple moving average of $335.28. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. Celestica, Inc. has a 12 month low of $173.23 and a 12 month high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. The business had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.Celestica’s revenue for the quarter was up 62.4% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, sell-side analysts anticipate that Celestica, Inc. will post 9.97 EPS for the current fiscal year.

Insider Activity

In other Celestica news, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the transaction, the chief financial officer owned 82,444 shares of the company’s stock, valued at $32,948,744.60. The trade was a 17.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert Mionis sold 98,453 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total value of $36,328,172.47. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 356,553 shares of company stock worth $135,238,444. Company 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.