Invst LLC Purchases New Position in Celestica, Inc. $CLS

Invst LLC purchased a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 10,061 shares of the technology company’s stock, valued at approximately $3,670,000.

Other large investors have also added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID boosted its position in shares of Celestica by 14.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock valued at $63,000 after acquiring an additional 28 shares during the last quarter. Capital Planning LLC grew its holdings in shares of Celestica by 3.2% in the first quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock valued at $289,000 after purchasing an additional 32 shares in the last quarter. PCB Capital LLC increased its position in Celestica by 3.5% in the first quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock worth $280,000 after purchasing an additional 34 shares during the last quarter. Avantax Planning Partners Inc. increased its position in Celestica by 2.7% in the fourth quarter. Avantax Planning Partners Inc. now owns 1,528 shares of the technology company’s stock worth $452,000 after purchasing an additional 40 shares during the last quarter. Finally, Park Square Financial Group LLC raised its stake in Celestica by 36.3% during the fourth quarter. Park Square Financial Group LLC now owns 154 shares of the technology company’s stock valued at $46,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Celestica Trading Up 4.2%

Shares of CLS opened at $306.89 on Wednesday. The company’s fifty day simple moving average is $337.47 and its 200-day simple moving average is $335.71. The company has a market cap of $35.29 billion, a P/E 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. Celestica, Inc. has a twelve month low of $183.66 and a twelve month high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The firm 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 for the quarter was up 62.4% compared to the same quarter last year. During the same period in the previous 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. As a group, analysts expect that Celestica, Inc. will post 10.15 EPS for the current year.

Insider Activity at Celestica

In other Celestica news, CEO Robert Mionis sold 98,453 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total transaction of $36,328,172.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mandeep Chawla sold 17,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the transaction, the chief financial officer directly owned 82,444 shares in the company, valued at approximately $32,948,744.60. This represents a 17.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 356,553 shares of company stock valued at $135,238,444 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Stifel Nicolaus set a $500.00 price objective on shares of Celestica in a research report on Tuesday, July 28th. UBS Group upgraded shares of Celestica from a “neutral” rating to a “buy” rating and upped their target price for the company from $410.00 to $430.00 in a research report on Monday. JPMorgan Chase & Co. increased their price target on shares of Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Scotiabank began coverage on Celestica in a research report on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 price target for the company. Finally, Bank of America reiterated a “buy” rating on shares of Celestica in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $439.81.

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.