K.J. Harrison & Partners Inc Makes New Investment in Celestica, Inc. $CLS

K.J. Harrison & Partners Inc bought a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,000 shares of the technology company’s stock, valued at approximately $1,092,000.

Several other institutional investors have also made changes to their positions in CLS. Renaissance Technologies LLC acquired a new stake in Celestica during the 1st quarter valued at $68,952,000. CIBC Asset Management Inc boosted its position in shares of Celestica by 7.7% in the fourth quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock worth $129,499,000 after buying an additional 31,086 shares during the period. Norges Bank purchased a new position in shares of Celestica during the fourth quarter valued at $456,511,000. Marietta Investment Partners LLC purchased a new position in shares of Celestica during the fourth quarter valued at $1,273,000. Finally, BW Gestao de Investimentos Ltda. raised its position in Celestica by 29.9% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 31,179 shares of the technology company’s stock valued at $9,217,000 after buying an additional 7,179 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Trading Up 1.2%

NYSE CLS opened at $339.20 on Tuesday. 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 $173.23 and a 1-year high of $474.02. The firm’s fifty day simple moving average is $347.21 and its 200-day simple moving average is $335.51. The company has a market capitalization of $39.00 billion, a PE ratio of 35.26 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter last year, the firm earned $1.39 earnings per share. The business’s revenue for the quarter 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, sell-side analysts anticipate that Celestica, Inc. will post 9.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CLS. Bank of America reissued a “buy” rating on shares of Celestica in a research note on Wednesday, July 29th. Barclays lowered their target price on Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. UBS Group reiterated a “neutral” rating and issued a $410.00 target price on shares of Celestica in a report on Wednesday, July 29th. Stifel Nicolaus set a $500.00 price target on shares of Celestica in a research report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. raised their price target on shares of Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $438.86.

Insider Transactions at Celestica

In other news, CEO Robert Mionis sold 23,496 shares of Celestica stock in a transaction dated Thursday, August 13th. The stock was 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 in the company, valued at $8,478,476.44. The trade was a 50.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mandeep Chawla sold 16,117 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the completion of the sale, the chief financial officer directly owned 65,444 shares of the company’s stock, valued at approximately $24,169,778.08. The trade was a 19.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 356,553 shares of company stock valued at $135,238,444 over the last ninety days. Company insiders own 1.10% of the company’s stock.

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.