TD Asset Management Inc Trims Holdings in Celestica, Inc. $CLS

TD Asset Management Inc reduced its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 13.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 482,805 shares of the technology company’s stock after selling 76,293 shares during the period. TD Asset Management Inc’s holdings in Celestica were worth $143,005,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CLS. Cullen Frost Bankers Inc. purchased a new position in shares of Celestica during the 4th quarter valued at approximately $30,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Celestica during the 4th quarter valued at approximately $38,000. Northwestern Mutual Wealth Management Co. lifted its stake in Celestica by 117.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 137 shares of the technology company’s stock worth $40,000 after purchasing an additional 74 shares during the last quarter. Fifth Third Bancorp lifted its stake in Celestica by 48.7% during the third quarter. Fifth Third Bancorp now owns 171 shares of the technology company’s stock worth $42,000 after purchasing an additional 56 shares during the last quarter. Finally, Pinney & Scofield Inc. lifted its stake in Celestica by 20.0% during the third quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock worth $44,000 after purchasing an additional 30 shares during the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CLS shares. The Goldman Sachs Group restated a “buy” rating and set a $475.00 price objective on shares of Celestica in a research note on Tuesday, April 28th. TD raised their price objective on Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a research note on Monday, April 20th. Rothschild & Co Redburn started coverage on Celestica in a research note on Friday, May 1st. They set a “buy” rating and a $460.00 price objective on the stock. Stifel Nicolaus set a $445.00 price objective on Celestica in a research note on Tuesday, April 28th. Finally, Bank of America raised their price objective on Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $427.42.

Celestica Stock Performance

CLS stock opened at $424.66 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26. The stock has a market capitalization of $48.82 billion, a price-to-earnings ratio of 51.35, a PEG ratio of 1.07 and a beta of 2.02. Celestica, Inc. has a 1 year low of $117.28 and a 1 year high of $474.02. The stock’s fifty day moving average is $363.43 and its two-hundred day moving average is $321.40.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.08. The company had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The firm’s quarterly revenue was up 52.8% compared to the same quarter last year. During the same period last year, the business posted $1.20 earnings per share. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. On average, research analysts predict that Celestica, Inc. will post 9.5 EPS for the current year.

Insider Transactions at Celestica

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the firm’s stock in a transaction on 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 sale, the director directly owned 24,718 shares in the company, valued at approximately $8,238,756.58. This trade represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.10% of the company’s stock.

About Celestica

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.