3,000 Shares in Celestica, Inc. $CLS Bought by Spark Investment Management LLC

Spark Investment Management LLC acquired a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 3,000 shares of the technology company’s stock, valued at approximately $1,093,000. Celestica accounts for approximately 2.1% of Spark Investment Management LLC’s investment portfolio, making the stock its 11th biggest position.

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

Celestica Stock Performance

Shares of NYSE:CLS traded up $18.06 on Tuesday, hitting $330.41. 2,981,715 shares of the company were exchanged, compared to its average volume of 2,445,990. The firm has a market capitalization of $37.99 billion, a P/E ratio of 34.35 and a beta of 2.04. 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 1-year low of $227.00 and a 1-year high of $474.02. The stock’s 50 day moving average price is $326.86 and its 200 day moving average price is $336.35.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (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 the consensus estimate of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The firm’s revenue was up 62.4% on a year-over-year basis. During the same period in the prior year, the firm 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. Sell-side analysts predict that Celestica, Inc. will post 10.71 EPS for the current year.

Insider Activity

In other news, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total value 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 represents a 19.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert Mionis sold 23,496 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $362.39, for a total value of $8,514,715.44. Following the completion of the transaction, the chief executive officer owned 23,396 shares of the company’s stock, valued at approximately $8,478,476.44. The trade was a 50.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 356,553 shares of company stock worth $135,238,444. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Zacks Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Weiss Ratings downgraded Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. increased their price objective on Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Wall Street Zen cut Celestica from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, BWS Financial restated a “buy” rating on shares of Celestica in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Celestica presently has an average rating of “Buy” and a consensus target price 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.