Shares of Celestica, Inc. (NYSE:CLS – Get Free Report) (TSE:CLS) traded down 2.2% during mid-day trading on Friday after an insider sold shares in the company. The company traded as low as $365.01 and last traded at $365.24. 2,226,316 shares changed hands during trading, a decline of 8% from the average daily volume of 2,426,083 shares. The stock had previously closed at $373.56.
Specifically, CEO Robert Mionis sold 23,396 shares of the firm’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $364.22, for a total value of $8,521,291.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Todd Cooper sold 20,118 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total transaction of $7,242,480.00. Following the completion of the transaction, the president directly owned 73,252 shares of the company’s stock, valued at approximately $26,370,720. This represents a 21.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.
Analyst Ratings Changes
A number of brokerages have recently issued reports on CLS. Royal Bank Of Canada set a $450.00 target price on shares of Celestica and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. BWS Financial restated a “buy” rating on shares of Celestica in a research report on Tuesday, July 28th. Wolfe Research upped their price objective on Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. lifted their target price on Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. According to data from MarketBeat.com, Celestica has a consensus rating of “Buy” and an average target price of $447.19.
Celestica Stock Performance
The firm’s 50-day moving average price is $324.72 and its 200 day moving average price is $341.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. The company has a market cap of $42.00 billion, a price-to-earnings ratio of 37.97 and a beta of 2.04.
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last announced its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating 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 business had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the business posted $1.39 earnings per share. Celestica’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, sell-side analysts anticipate that Celestica, Inc. will post 10.71 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Andra AP fonden grew its stake in shares of Celestica by 36.4% during the second quarter. Andra AP fonden now owns 30,700 shares of the technology company’s stock worth $11,199,000 after purchasing an additional 8,200 shares during the period. Junto Capital Management LP acquired a new position in Celestica in the second quarter valued at about $43,461,000. Sequoia Financial Advisors LLC boosted its holdings in Celestica by 0.9% during the second quarter. Sequoia Financial Advisors LLC now owns 4,363 shares of the technology company’s stock worth $1,592,000 after buying an additional 40 shares during the last quarter. Tidal Investments LLC boosted its holdings in Celestica by 198.2% during the second quarter. Tidal Investments LLC now owns 106,509 shares of the technology company’s stock worth $38,854,000 after buying an additional 70,794 shares during the last quarter. Finally, IPG Investment Advisors LLC grew its position in shares of Celestica by 449.7% during the 2nd quarter. IPG Investment Advisors LLC now owns 5,360 shares of the technology company’s stock worth $1,954,000 after buying an additional 4,385 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.
About Celestica
Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.
Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.
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