Long Corridor Asset Management Ltd Acquires New Holdings in Celestica, Inc. $CLS

Long Corridor Asset Management Ltd bought a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, Holdings Channel reports. The fund bought 8,000 shares of the technology company’s stock, valued at approximately $2,918,000. Celestica comprises 0.9% of Long Corridor Asset Management Ltd’s portfolio, making the stock its 24th largest position.

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

Celestica Price Performance

CLS opened at $296.03 on Friday. The stock has a 50-day moving average price of $341.15 and a 200-day moving average price of $335.16. Celestica, Inc. has a 12-month low of $179.01 and a 12-month high of $474.02. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $34.04 billion, a P/E ratio of 30.77 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating the consensus estimate of $2.29 by $0.25. The firm had revenue of $4.68 billion for 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%.The company’s revenue was up 62.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.39 EPS. 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 analysts predict that Celestica, Inc. will post 10.15 earnings per share for the current fiscal year.

Insider Activity at Celestica

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

Wall Street Analyst Weigh In

CLS has been the subject of a number of research analyst reports. Canadian Imperial Bank of Commerce lifted their price target on Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Barclays lowered their target price on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Susquehanna lifted their target price on shares of Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. Bank of America reissued a “buy” rating on shares of Celestica in a report on Wednesday, July 29th. Finally, Rothschild & Co Redburn initiated coverage on shares of Celestica in a research report on Friday, May 1st. They set a “buy” rating and a $460.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $438.86.

Celestica Profile

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.