Canada Pension Plan Investment Board Acquires Shares of 868,613 Celestica, Inc. $CLS

Canada Pension Plan Investment Board bought a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 868,613 shares of the technology company’s stock, valued at approximately $316,468,000. Canada Pension Plan Investment Board owned approximately 0.76% of Celestica as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Celestica during the 4th quarter worth about $28,000. Ascentis Independent Advisors acquired a new position in Celestica in the first quarter valued at about $29,000. Swiss RE Ltd. bought a new stake in Celestica during the fourth quarter worth about $29,000. Cullen Frost Bankers Inc. bought a new stake in Celestica during the fourth quarter worth about $30,000. Finally, Sittner & Nelson LLC acquired a new stake in shares of Celestica during the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Trading Up 4.2%

Shares of NYSE CLS opened at $306.89 on Wednesday. Celestica, Inc. has a 1-year low of $183.66 and a 1-year high of $474.02. The company has a market cap of $35.29 billion, a PE ratio of 31.90 and a beta of 2.06. 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 company has a 50-day moving average of $337.47 and a two-hundred day moving average of $335.71.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The company 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 earned $1.39 earnings per share. Celestica’s quarterly revenue was up 62.4% on a year-over-year basis. 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 expect that Celestica, Inc. will post 10.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. TD Securities upgraded Celestica from a “hold” rating to a “buy” rating and set a $430.00 price target on the stock in a research report on Wednesday, April 29th. UBS Group raised Celestica from a “neutral” rating to a “buy” rating and raised their price target for the company from $410.00 to $430.00 in a report on Monday. Canadian Imperial Bank of Commerce lifted their price objective on Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Finally, Wolfe Research boosted their price objective on Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $439.81.

Insider Buying and Selling at Celestica

In other news, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction on 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 completion of the sale, the chief financial officer directly owned 82,444 shares of the company’s stock, valued at approximately $32,948,744.60. This trade represents a 17.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert Mionis sold 98,453 shares of Celestica stock in a transaction on Tuesday, August 4th. The shares were 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. In the last ninety days, insiders have sold 356,553 shares of company stock worth $135,238,444. Company insiders own 1.10% of the company’s stock.

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.