Charles Schwab Investment Management Inc. Sells 50,368 Shares of Celestica, Inc. $CLS

Charles Schwab Investment Management Inc. reduced its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 15.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 282,021 shares of the technology company’s stock after selling 50,368 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.24% of Celestica worth $22,244,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CLS. Barclays PLC increased its holdings in shares of Celestica by 32.9% in the fourth quarter. Barclays PLC now owns 68,886 shares of the technology company’s stock valued at $6,359,000 after purchasing an additional 17,038 shares during the last quarter. Mariner LLC increased its holdings in shares of Celestica by 41.0% in the fourth quarter. Mariner LLC now owns 15,794 shares of the technology company’s stock valued at $1,459,000 after purchasing an additional 4,593 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Celestica by 5.5% in the fourth quarter. NewEdge Advisors LLC now owns 5,400 shares of the technology company’s stock valued at $498,000 after purchasing an additional 281 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Celestica by 596.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,393 shares of the technology company’s stock valued at $129,000 after purchasing an additional 1,193 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Celestica by 65.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 269,378 shares of the technology company’s stock valued at $24,864,000 after purchasing an additional 106,931 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Stock Performance

Celestica stock opened at $181.3860 on Friday. The business has a 50 day moving average of $169.26 and a 200-day moving average of $124.86. Celestica, Inc. has a 1 year low of $40.65 and a 1 year high of $218.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. The company has a market capitalization of $20.86 billion, a P/E ratio of 39.26 and a beta of 1.80.

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

Analyst Ratings Changes

Several equities analysts have commented on CLS shares. Barclays upped their price objective on shares of Celestica from $146.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Royal Bank Of Canada boosted their target price on shares of Celestica from $185.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. BMO Capital Markets reissued an “outperform” rating and issued a $130.00 target price (up previously from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Citigroup boosted their target price on shares of Celestica from $172.00 to $212.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Celestica from $170.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $168.92.

Celestica Company Profile

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.