Wellington Management Group LLP Takes Position in Celestica, Inc. $CLS

Wellington Management Group LLP purchased a new position in Celestica, Inc. (NYSE:CLSFree Report) (TSE:CLS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 807,509 shares of the technology company’s stock, valued at approximately $294,573,000. Wellington Management Group LLP owned approximately 0.70% of Celestica at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Celestica in the fourth quarter valued at about $28,000. Ascentis Independent Advisors acquired a new position in Celestica during the first quarter worth $29,000. Swiss RE Ltd. bought a new stake in shares of Celestica in the 4th quarter valued at about $29,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Celestica in the fourth quarter valued at approximately $30,000. Finally, Sittner & Nelson LLC acquired a new stake in Celestica during the 4th quarter valued at $31,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Stock Up 0.1%

Shares of CLS opened at $298.87 on Monday. The company has a market capitalization of $34.36 billion, a PE ratio of 31.07 and a beta of 2.06. The stock’s 50-day moving average price is $333.42 and its two-hundred day moving average price is $335.73. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. Celestica, Inc. has a 12 month low of $183.66 and a 12 month high of $474.02.

Celestica (NYSE:CLSGet Free Report) (TSE:CLS) last released its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The firm had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the business earned $1.39 EPS. The company’s revenue was up 62.4% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. On average, analysts anticipate that Celestica, Inc. will post 10.71 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CLS. Wall Street Zen downgraded Celestica from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group upgraded shares of Celestica from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $410.00 to $430.00 in a research note on Monday, August 24th. Stifel Nicolaus set a $500.00 target price on shares of Celestica in a research report on Tuesday, July 28th. JPMorgan Chase & Co. lifted their price target on shares of Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, Barclays lowered their price objective on Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Celestica presently has an average rating of “Buy” and an average price target of $439.81.

Get Our Latest Research Report on Celestica

Insider Buying and Selling at Celestica

In other news, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the completion of the sale, the chief financial officer owned 65,444 shares in the company, valued at $24,169,778.08. The trade was a 19.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert Mionis sold 23,496 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the transaction, the chief executive officer directly owned 23,396 shares in the company, valued at $8,478,476.44. This trade represents a 50.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 356,553 shares of company stock valued at $135,238,444 in the last quarter. 1.10% of the stock is currently owned by company insiders.

About Celestica

(Free Report)

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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Institutional Ownership by Quarter for Celestica (NYSE:CLS)

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