LaSalle St. Investment Advisors LLC purchased a new stake in shares of Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,982 shares of the technology company’s stock, valued at approximately $1,088,000.
Several other large investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Celestica in the 4th quarter valued at about $28,000. Ascentis Independent Advisors bought a new position in Celestica during the first quarter worth about $29,000. Swiss RE Ltd. bought a new position in Celestica during the fourth quarter worth about $29,000. Cullen Frost Bankers Inc. purchased a new position in shares of Celestica in the fourth quarter worth about $30,000. Finally, Sittner & Nelson LLC purchased a new position in shares of Celestica in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.
Insider Activity at Celestica
In other Celestica news, CEO Robert Mionis sold 23,496 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $362.39, for a total value of $8,514,715.44. Following the completion of the transaction, the chief executive officer owned 23,396 shares of the company’s stock, valued at $8,478,476.44. The trade was a 50.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the completion of the transaction, the chief financial officer directly owned 65,444 shares in the company, valued at $24,169,778.08. The trade was a 19.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 356,553 shares of company stock valued at $135,238,444. 1.10% of the stock is currently owned by company insiders.
Celestica Stock Performance
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last issued its quarterly earnings data 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 company had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.Celestica’s revenue was up 62.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. As a group, equities analysts predict that Celestica, Inc. will post 9.97 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts recently commented on CLS shares. UBS Group restated a “neutral” rating and set a $410.00 price target on shares of Celestica in a research note on Wednesday, July 29th. TD Securities upgraded 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. Wolfe Research boosted their target price on shares of Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. BWS Financial restated a “buy” rating on shares of Celestica in a research report on Tuesday, July 28th. Finally, Bank of America reaffirmed a “buy” rating on shares of Celestica in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $438.86.
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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