Man Group plc Takes $56.48 Million Position in Celestica, Inc. $CLS

Man Group plc purchased a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 154,833 shares of the technology company’s stock, valued at approximately $56,475,000.

Several other hedge funds also recently added to or reduced their stakes in CLS. NewGen Equity Long Short Fund acquired a new position in shares of Celestica during the second quarter valued at about $14,050,000. Northwestern Mutual Wealth Management Co. grew its stake in Celestica by 7,646.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company’s stock valued at $157,000 after purchasing an additional 994 shares during the last quarter. First Trust Advisors LP lifted its position in Celestica by 30.0% during the second quarter. First Trust Advisors LP now owns 78,061 shares of the technology company’s stock valued at $12,197,000 after purchasing an additional 18,025 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Celestica by 385.8% in the 2nd quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company’s stock valued at $438,000 after buying an additional 2,226 shares during the period. Finally, HUB Investment Partners LLC increased its holdings in Celestica by 11.0% in the second quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company’s stock valued at $497,000 after buying an additional 315 shares in the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CLS has been the topic of a number of recent analyst reports. Scotiabank assumed coverage on Celestica in a research report on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 target price on the stock. Barclays reduced their price target on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Wolfe Research raised their price target on shares of Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Bank of America reaffirmed a “buy” rating on shares of Celestica in a research note on Wednesday, July 29th. Finally, Susquehanna raised their price objective on Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. One equities research 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 stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $439.81.

Insiders Place Their Bets

In other Celestica news, CFO Mandeep Chawla sold 16,117 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $24,169,778.08. This trade represents a 19.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert Mionis sold 23,496 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 23,396 shares of the company’s stock, valued at $8,478,476.44. The trade was a 50.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 356,553 shares of company stock valued at $135,238,444. 1.10% of the stock is owned by company insiders.

Celestica Stock Up 4.2%

CLS opened at $306.89 on Wednesday. The stock has a market capitalization of $35.29 billion, a P/E ratio of 31.90 and a beta of 2.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. Celestica, Inc. has a one year low of $183.66 and a one year high of $474.02. The business’s 50-day simple moving average is $337.47 and its 200-day simple moving average is $335.71.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly 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 return on equity of 39.96% and a net margin of 7.16%.The firm had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the business posted $1.39 EPS. The firm’s quarterly revenue was up 62.4% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Analysts anticipate that Celestica, Inc. will post 10.15 EPS for the current year.

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.