Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 58,487 shares of the technology company’s stock, valued at approximately $16,481,000.
Several other hedge funds also recently modified their holdings of CLS. Spire Wealth Management boosted its position in Celestica by 354.3% during the fourth quarter. Spire Wealth Management now owns 5,979 shares of the technology company’s stock worth $1,767,000 after acquiring an additional 4,663 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Celestica in the 1st quarter valued at $68,952,000. CIBC Asset Management Inc raised its holdings in Celestica by 7.7% in the 4th quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock valued at $129,499,000 after acquiring an additional 31,086 shares during the last quarter. Norges Bank purchased a new position in shares of Celestica during the 4th quarter worth $456,511,000. Finally, Marietta Investment Partners LLC purchased a new position in shares of Celestica during the 4th quarter worth $1,273,000. 67.38% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Celestica
In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the completion of the sale, the director owned 24,718 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert Mionis sold 18,176 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $385.17, for a total value of $7,000,849.92. Following the sale, the chief executive officer owned 60,384 shares of the company’s stock, valued at $23,258,105.28. This represents a 23.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 161,168 shares of company stock valued at $63,190,485. Company insiders own 1.10% of the company’s stock.
Key Headlines Impacting Celestica
- Positive Sentiment: Q2 results exceeded expectations. Celestica reported $4.70 billion in revenue, up 62% year over year, while adjusted earnings reached $2.54 per share versus the $2.29 consensus estimate. Reported EPS was also above expectations, at $2.41, compared with the same $2.29 consensus. Celestica Tops Q2 Earnings and Revenue Estimates
- Positive Sentiment: Management raised its full-year outlook. Celestica now expects 2026 revenue of approximately $20.5 billion and EPS of $11.30, above analyst expectations of $19.2 billion and $10.13, respectively. The company also said growth is expected to accelerate in 2027. Celestica Announces Second Quarter 2026 Financial Results
- Positive Sentiment: Third-quarter guidance also topped consensus. Celestica forecast EPS of $2.88–$3.08 and revenue of $5.3–$5.6 billion, compared with analyst estimates of $2.65 EPS and $5.0 billion in revenue. The outlook indicates momentum is continuing beyond the latest quarter. Celestica Q2 Earnings and Revenue Beat Estimates; Raises 2026 Outlook
- Positive Sentiment: Options activity reflected bullish interest. Investors purchased 13,556 call options, approximately 16% above the average daily call volume, although options activity is a positioning signal rather than a fundamental change.
- Neutral Sentiment: Celestica’s reported net margin was 6.95% and return on equity was 36.91%. The stock’s high beta and elevated valuation mean strong results may support the shares, but they also leave the stock sensitive to future guidance or execution disappointments.
Celestica Stock Up 5.2%
Shares of CLS opened at $321.06 on Tuesday. Celestica, Inc. has a fifty-two week low of $169.19 and a fifty-two week high of $474.02. The company’s fifty day moving average is $361.64 and its two-hundred day moving average is $332.61. The firm has a market cap of $36.91 billion, a PE ratio of 38.82, a price-to-earnings-growth ratio of 0.71 and a beta of 2.05. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last released its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The business had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The business’s revenue for the quarter was up 62.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.39 EPS. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Analysts forecast that Celestica, Inc. will post 9.57 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on CLS. UBS Group lifted their price objective on Celestica from $355.00 to $400.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group reiterated a “buy” rating and set a $475.00 target price on shares of Celestica in a research report on Tuesday, April 28th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $480.00 price target on shares of Celestica in a research note on Wednesday, April 29th. Stifel Nicolaus set a $445.00 price target on Celestica in a report on Tuesday, April 28th. Finally, TD Securities raised shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective for the company in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $427.42.
Check Out Our Latest Stock Analysis on CLS
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.
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