Kassira Wealth Management LLC lifted its stake in Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) by 489.6% in the third quarter, Holdings Channel.com reports. The firm owned 5,990 shares of the technology company’s stock after buying an additional 4,974 shares during the period. Celestica comprises about 1.7% of Kassira Wealth Management LLC’s holdings, making the stock its 18th biggest position. Kassira Wealth Management LLC’s holdings in Celestica were worth $2,165,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in CLS. Cibc World Market Inc. bought a new position in shares of Celestica during the second quarter valued at approximately $757,811,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Celestica in the 2nd quarter worth about $674,199,000. Royal Bank of Canada increased its holdings in Celestica by 13.8% during the 1st quarter. Royal Bank of Canada now owns 1,283,561 shares of the technology company’s stock worth $361,553,000 after purchasing an additional 156,040 shares during the period. Bank of America Corp DE bought a new stake in shares of Celestica in the second quarter valued at about $444,899,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Celestica in the 2nd quarter valued at about $351,717,000. 67.38% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently commented on CLS shares. Stifel Nicolaus set a $500.00 price target on Celestica in a research report on Tuesday, July 28th. Barclays raised their price target on shares of Celestica from $406.00 to $414.00 and gave the company an “overweight” rating in a report on Wednesday. RBC Dominion Securities set a $450.00 price objective on shares of Celestica and gave the stock an “outperform” rating in a research report on Friday, October 23rd. TD set a $430.00 target price on shares of Celestica and gave the company a “buy” rating in a research report on Wednesday, September 16th. Finally, Canadian Imperial Bank of Commerce raised their target price on shares of Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Celestica has an average rating of “Moderate Buy” and a consensus price target of $453.32.
Get Our Latest Report on Celestica
Insider Transactions at Celestica
In other news, CEO Robert Mionis sold 23,396 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $364.22, for a total transaction of $8,521,291.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Todd Cooper sold 20,118 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $360.00, for a total transaction of $7,242,480.00. Following the transaction, the president owned 73,252 shares in the company, valued at approximately $26,370,720. This trade represents a 21.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 232,641 shares of company stock worth $85,370,372. Insiders own 1.10% of the company’s stock.
Celestica Stock Down 6.3%
Shares of CLS stock opened at $264.80 on Friday. The stock’s fifty day moving average price is $324.62 and its 200 day moving average price is $331.28. Celestica, Inc. has a 1-year low of $244.51 and a 1-year high of $474.02. The company has a market cap of $33.39 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 0.67 and a beta of 2.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.61 and a quick ratio of 0.68.
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last released its quarterly earnings results on Monday, October 26th. The technology company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.28. Celestica had a return on equity of 33.80% and a net margin of 6.83%. The company had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.39 billion. On average, research analysts expect that Celestica, Inc. will post 11.55 earnings per share for the current fiscal year.
Key Stories Impacting Celestica
Here are the key news stories impacting Celestica this week:
- Positive Sentiment: Raised outlook and strong AI-driven growth: Celestica exceeded third-quarter expectations, increased its 2026 guidance and outlined an aggressive 2027 growth ramp targeting approximately $40 billion in revenue. Demand for data-center infrastructure and AI-related products remains the primary bullish catalyst. CLS Raises 2026 Outlook as AI Demand Powers an Aggressive 2027 Ramp
- Positive Sentiment: Share repurchase authorization: The TSX accepted Celestica’s normal-course issuer bid, allowing the company to repurchase shares beginning November 3, 2026, through November 2, 2027, or until the program is completed. Buybacks could support per-share earnings and signal management’s confidence in long-term value. Celestica Announces TSX Acceptance of Normal Course Issuer Bid
- Positive Sentiment: Analyst support: Canaccord Genuity raised its price target to $480 and maintained a “buy” rating. Other coverage also remains bullish on Celestica’s AI exposure and earnings growth. Canaccord Genuity Group recommendations
- Neutral Sentiment: Unusually high options activity and post-earnings price volatility indicate heightened investor interest, but do not establish a clear directional signal. Celestica Sees Unusually Large Options Volume
- Negative Sentiment: Execution and valuation concerns: Investors are questioning whether rising capital expenditures, cash-flow pressure, customer concentration and a premium valuation adequately reflect the company’s expected AI growth. These concerns have outweighed the earnings beat in recent trading. CLS Falls 14.4% in a Week as AI Growth Meets Rising Execution Risks
About Celestica
Celestica Inc is a global provider of design, manufacturing, and supply chain solutions for original equipment manufacturers and other technology companies. The company helps customers develop, produce, and support complex hardware and integrated systems across their product life cycles.
Its services include product design and engineering, electronics and mechanical manufacturing, systems integration, testing, supply chain management, logistics, and after-market support. Celestica serves markets such as communications, enterprise and cloud computing, aerospace and defense, industrial technology, health technology, and capital equipment.
Headquartered in Toronto, Canada, Celestica operates a global network of manufacturing, engineering, and supply chain facilities serving customers in North America, Europe, and Asia.
Featured Articles
- Five stocks we like better than Celestica
- Starbucks Says Its Turnaround Is Done—The Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
Want to see what other hedge funds are holding CLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS).
Receive News & Ratings for Celestica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celestica and related companies with MarketBeat.com's FREE daily email newsletter.
