Whittier Trust Co. Sells 105 Shares of Celestica, Inc. $CLS

Whittier Trust Co. lessened its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 0.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,590 shares of the technology company’s stock after selling 105 shares during the quarter. Whittier Trust Co.’s holdings in Celestica were worth $1,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Stephens Inc. AR bought a new position in Celestica in the 2nd quarter valued at $3,712,000. First National Bank of Hutchinson grew its stake in Celestica by 6.3% in the 2nd quarter. First National Bank of Hutchinson now owns 5,223 shares of the technology company’s stock valued at $815,000 after purchasing an additional 309 shares during the period. Stratos Wealth Partners LTD. grew its stake in Celestica by 25.1% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 65,008 shares of the technology company’s stock valued at $10,148,000 after purchasing an additional 13,058 shares during the period. Allianz Asset Management GmbH grew its stake in Celestica by 10.2% in the 2nd quarter. Allianz Asset Management GmbH now owns 314,534 shares of the technology company’s stock valued at $49,180,000 after purchasing an additional 29,051 shares during the period. Finally, TD Asset Management Inc grew its stake in Celestica by 2.1% in the 2nd quarter. TD Asset Management Inc now owns 584,343 shares of the technology company’s stock valued at $91,114,000 after purchasing an additional 12,207 shares during the period. Institutional investors own 67.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CLS. The Goldman Sachs Group began coverage on Celestica in a research note on Thursday, October 16th. They issued a “buy” rating and a $340.00 price objective for the company. JPMorgan Chase & Co. upped their price target on Celestica from $225.00 to $295.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. BMO Capital Markets upped their price target on Celestica from $230.00 to $300.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Barclays upped their price target on Celestica from $146.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Finally, Canaccord Genuity Group upped their price target on Celestica from $126.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $249.36.

Celestica Stock Performance

Shares of CLS opened at $270.72 on Thursday. The stock’s 50-day simple moving average is $234.63 and its 200 day simple moving average is $166.63. The stock has a market capitalization of $31.14 billion, a price-to-earnings ratio of 58.60 and a beta of 1.88. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. Celestica, Inc. has a 52-week low of $55.30 and a 52-week high of $296.85.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.16. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 EPS. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. Research analysts forecast that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

About Celestica

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.