Commerzbank Aktiengesellschaft FI Buys Shares of 2,928 Celestica, Inc. $CLS

Commerzbank Aktiengesellschaft FI purchased a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,928 shares of the technology company’s stock, valued at approximately $1,068,000.

Several other institutional investors also recently modified their holdings of CLS. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Celestica during the second quarter valued at about $2,187,000. OneDigital Investment Advisors LLC purchased a new position in Celestica in the 2nd quarter worth approximately $2,106,000. Plato Investment Management Ltd bought a new stake in Celestica during the 2nd quarter valued at $2,853,000. Roman Butler Fullerton & Co. purchased a new stake in shares of Celestica during the second quarter worth about $1,463,000. Finally, Chase Investment Counsel Corp purchased a new stake in Celestica in the 2nd quarter worth approximately $12,977,000. 67.38% of the stock is currently owned by institutional investors.

Celestica Price Performance

CLS stock opened at $310.37 on Wednesday. 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 52 week low of $173.23 and a 52 week high of $474.02. The company has a fifty day simple moving average of $346.00 and a two-hundred day simple moving average of $335.26. The firm has a market capitalization of $35.69 billion, a P/E ratio of 32.26 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.29 by $0.25. The company had revenue of $4.68 billion during 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%. Celestica’s quarterly revenue was up 62.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. Analysts anticipate that Celestica, Inc. will post 9.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CLS has been the topic of several recent research reports. Wolfe Research upped their price target on Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Stifel Nicolaus set a $500.00 price objective on shares of Celestica in a report on Tuesday, July 28th. Canadian Imperial Bank of Commerce boosted their target price on Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Weiss Ratings lowered shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Finally, TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and upped their price target for the company from $350.00 to $430.00 in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $438.86.

Insider Activity

In other news, CFO Mandeep Chawla sold 16,117 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer owned 65,444 shares in the company, valued at approximately $24,169,778.08. The trade was a 19.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Mionis sold 23,496 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $362.39, for a total value of $8,514,715.44. Following the completion of the transaction, the chief executive officer directly owned 23,396 shares of the company’s stock, valued at approximately $8,478,476.44. The trade was a 50.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 356,553 shares of company stock valued at $135,238,444 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Celestica Company 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.