105,238 Shares in Celestica, Inc. $CLS Purchased by Freestone Grove Partners LP

Freestone Grove Partners LP purchased a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 105,238 shares of the technology company’s stock, valued at approximately $38,391,000. Freestone Grove Partners LP owned 0.09% of Celestica at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CLS. Renaissance Technologies LLC bought a new position in Celestica in the first quarter worth $68,952,000. CIBC Asset Management Inc lifted its position in Celestica by 7.7% during the fourth quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock valued at $129,499,000 after buying an additional 31,086 shares during the period. Norges Bank bought a new stake in shares of Celestica during the 4th quarter valued at $456,511,000. Marietta Investment Partners LLC bought a new stake in shares of Celestica during the 4th quarter valued at $1,273,000. Finally, BW Gestao de Investimentos Ltda. boosted its holdings in shares of Celestica by 29.9% during the 4th 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 in the last quarter. Institutional investors own 67.38% of the company’s stock.

Insider Activity

In other Celestica news, CEO Robert Mionis sold 23,496 shares of the firm’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 in the company, valued at approximately $8,478,476.44. This trade represents a 50.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the completion of the transaction, the chief financial officer directly owned 65,444 shares of the company’s stock, valued at $24,169,778.08. This trade represents a 19.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 356,553 shares of company stock worth $135,238,444 over the last three months. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CLS. Barclays decreased their price target on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Royal Bank Of Canada set a $450.00 price objective on shares of Celestica and gave the stock an “outperform” rating in a research note on Wednesday. Rothschild & Co Redburn assumed coverage on shares of Celestica in a report on Friday, May 1st. They issued a “buy” rating and a $460.00 price objective on the stock. Stifel Nicolaus set a $500.00 target price on shares of Celestica in a research note on Tuesday, July 28th. Finally, BWS Financial reiterated a “buy” rating on shares of Celestica in a report on Tuesday, July 28th. 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $439.81.

Celestica Trading Up 0.2%

NYSE CLS opened at $307.40 on Thursday. Celestica, Inc. has a 12 month low of $183.66 and a 12 month high of $474.02. The stock has a market cap of $35.35 billion, a P/E ratio of 31.95 and a beta of 2.06. The stock’s fifty day moving average price is $336.01 and its 200-day moving average price is $335.80. 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 (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.25. The firm had revenue of $4.68 billion during 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 company’s revenue was up 62.4% on a year-over-year basis. During the same period last year, the company earned $1.39 earnings per share. 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 forecast that Celestica, Inc. will post 10.15 EPS for the current fiscal 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.