PCM Encore LLC bought a new position in Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,235 shares of the technology company’s stock, valued at approximately $1,545,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Celestica during the 4th quarter worth $28,000. Ascentis Independent Advisors acquired a new position in Celestica in the first quarter valued at about $29,000. Swiss RE Ltd. acquired a new position in Celestica in the fourth quarter valued at about $29,000. Cullen Frost Bankers Inc. bought a new stake in shares of Celestica in the fourth quarter worth about $30,000. Finally, Sittner & Nelson LLC bought a new stake in shares of Celestica in the fourth quarter worth about $31,000. Institutional investors and hedge funds own 67.38% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. BWS Financial reiterated a “buy” rating on shares of Celestica in a report on Tuesday, July 28th. Canadian Imperial Bank of Commerce raised their target price on shares of Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. TD Securities upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 price target for the company in a report on Wednesday, April 29th. Zacks Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Stifel Nicolaus set a $500.00 price objective on shares of Celestica in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $438.86.
Insider Transactions at Celestica
In related news, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $399.65, for a total value of $6,794,050.00. Following the sale, the chief financial officer owned 82,444 shares of the company’s stock, valued at approximately $32,948,744.60. The trade was a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert Mionis sold 98,453 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total value of $36,328,172.47. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 356,553 shares of company stock valued at $135,238,444. Company insiders own 1.10% of the company’s stock.
Celestica Price Performance
NYSE CLS opened at $302.45 on Friday. The firm’s 50 day moving average is $343.11 and its 200-day moving average is $335.43. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $34.78 billion, a PE ratio of 31.44 and a beta of 2.06. Celestica, Inc. has a 12-month low of $179.01 and a 12-month high of $474.02.
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last announced its earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.29 by $0.25. The business had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The firm’s revenue was up 62.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.39 earnings per share. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Equities research analysts anticipate that Celestica, Inc. will post 9.97 earnings per share for the current fiscal year.
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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