Bank of Nova Scotia Sells 10,441 Shares of Celestica, Inc. $CLS

Bank of Nova Scotia cut its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 3.5% during the 1st quarter, HoldingsChannel reports. The fund owned 286,819 shares of the technology company’s stock after selling 10,441 shares during the quarter. Bank of Nova Scotia’s holdings in Celestica were worth $80,889,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Lido Advisors LLC increased its position in Celestica by 149.3% during the first quarter. Lido Advisors LLC now owns 3,099 shares of the technology company’s stock worth $873,000 after acquiring an additional 1,856 shares during the period. State of Wyoming increased its holdings in shares of Celestica by 486.4% during the first quarter. State of Wyoming now owns 1,161 shares of the technology company’s stock worth $327,000 after purchasing an additional 963 shares during the period. Cetera Investment Advisers raised its position in shares of Celestica by 13.8% in the first quarter. Cetera Investment Advisers now owns 66,458 shares of the technology company’s stock valued at $18,703,000 after buying an additional 8,057 shares in the last quarter. First Trust Advisors LP raised its position in shares of Celestica by 6.5% in the first quarter. First Trust Advisors LP now owns 62,944 shares of the technology company’s stock valued at $17,744,000 after buying an additional 3,818 shares in the last quarter. Finally, Telligent Fund LP bought a new stake in shares of Celestica in the first quarter valued at approximately $1,408,000. 67.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada increased their price target on Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $480.00 target price on shares of Celestica in a report on Wednesday, April 29th. Rothschild & Co Redburn initiated coverage on Celestica in a research report on Friday, May 1st. They issued a “buy” rating and a $460.00 price target on the stock. Weiss Ratings downgraded Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Finally, BMO Capital Markets upped their price objective on shares of Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $427.42.

Celestica Stock Down 0.1%

Shares of CLS opened at $335.06 on Friday. The firm has a 50 day simple moving average of $363.13 and a two-hundred day simple moving average of $332.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. Celestica, Inc. has a one year low of $161.84 and a one year high of $474.02. The company has a market cap of $38.52 billion, a P/E ratio of 40.51, a P/E/G ratio of 0.78 and a beta of 2.05.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter last year, the business posted $1.20 EPS. The company’s revenue was up 52.8% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Research analysts forecast that Celestica, Inc. will post 9.57 EPS for the current fiscal year.

Insider Activity at Celestica

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of Celestica stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total value of $1,389,236.08. Following the transaction, the director owned 24,718 shares in the company, valued at $8,238,756.58. The trade was a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mandeep Chawla sold 17,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $399.65, for a total value of $6,794,050.00. Following the transaction, the chief financial officer directly owned 82,444 shares of the company’s stock, valued at approximately $32,948,744.60. The trade was a 17.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 161,168 shares of company stock valued at $63,190,485 over the last ninety days. 1.10% of the stock is 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.