Edmond DE Rothschild Holding S.A. Acquires New Shares in Celestica, Inc. $CLS

Edmond DE Rothschild Holding S.A. acquired a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 6,994 shares of the technology company’s stock, valued at approximately $2,551,000.

Other large investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Celestica in the fourth quarter valued at $28,000. Swiss RE Ltd. purchased a new stake in shares of Celestica in the 4th quarter worth about $29,000. Cullen Frost Bankers Inc. acquired a new stake in Celestica in the 4th quarter valued at about $30,000. Sittner & Nelson LLC acquired a new stake in Celestica in the 4th quarter valued at about $31,000. Finally, Ascentis Independent Advisors acquired a new stake in Celestica in the 1st quarter valued at about $29,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Trading Up 0.4%

Celestica stock opened at $302.45 on Friday. The stock has a market cap of $34.78 billion, a PE ratio of 31.44 and a beta of 2.06. The stock has a 50-day moving average price of $343.11 and a 200 day moving average price of $335.43. Celestica, Inc. has a 52 week low of $179.01 and a 52 week 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.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was up 62.4% on a year-over-year basis. During the same period in the prior year, the firm earned $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 research analysts predict that Celestica, Inc. will post 9.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Mandeep Chawla sold 17,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert Mionis sold 98,453 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total transaction of $36,328,172.47. The SEC filing for this sale provides additional information. In the last three months, insiders sold 356,553 shares of company stock valued at $135,238,444. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

CLS has been the subject of a number of research reports. Weiss Ratings cut shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. TD Cowen upgraded shares of Celestica from a “hold” rating to a “buy” rating and increased their price target for the company from $350.00 to $430.00 in a research report on Wednesday, April 29th. TD Securities raised shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective for the company in a research note on Wednesday, April 29th. UBS Group restated a “neutral” rating and set a $410.00 price objective on shares of Celestica in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $438.86.

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.