Tacita Capital Inc Takes Position in Celestica, Inc. $CLS

Tacita Capital Inc acquired a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,683 shares of the technology company’s stock, valued at approximately $1,705,000. Celestica comprises 0.9% of Tacita Capital Inc’s investment portfolio, making the stock its 24th largest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of CLS. NewGen Equity Long Short Fund acquired a new stake in Celestica in the 2nd quarter valued at about $14,050,000. Northwestern Mutual Wealth Management Co. grew its holdings in Celestica by 7,646.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company’s stock worth $157,000 after purchasing an additional 994 shares during the period. First Trust Advisors LP increased its position in Celestica by 30.0% during the second quarter. First Trust Advisors LP now owns 78,061 shares of the technology company’s stock worth $12,197,000 after buying an additional 18,025 shares during the last quarter. NewEdge Advisors LLC increased its position in Celestica by 385.8% during the second quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company’s stock worth $438,000 after buying an additional 2,226 shares during the last quarter. Finally, HUB Investment Partners LLC raised its stake in Celestica by 11.0% in the second quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company’s stock valued at $497,000 after buying an additional 315 shares during the period. 67.38% of the stock is owned by institutional investors.

Insider Buying and Selling at Celestica

In other news, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction on 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 completion of the sale, the chief financial officer owned 82,444 shares of the company’s stock, valued at approximately $32,948,744.60. This trade represents a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert Mionis sold 98,453 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total transaction of $36,328,172.47. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 356,553 shares of company stock worth $135,238,444 in the last quarter. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Scotiabank assumed coverage on Celestica in a research note on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 target price for the company. Barclays dropped their price target on Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce raised their price target on Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Wolfe Research lifted their price objective on shares of Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings downgraded shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and an average price target of $438.86.

Celestica Price Performance

Celestica stock opened at $302.01 on Thursday. Celestica, Inc. has a 12 month low of $173.23 and a 12 month high of $474.02. The stock’s 50 day moving average is $344.76 and its 200-day moving average is $335.28. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $34.72 billion, a price-to-earnings ratio of 31.39 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping 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 return on equity of 39.96% and a net margin of 7.16%.The firm’s quarterly revenue was up 62.4% compared to the same quarter last year. During the same quarter last year, the company 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. Equities research analysts expect that Celestica, Inc. will post 9.97 EPS for the current year.

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.