Mediolanum International Funds Ltd Acquires 24,015 Shares of Celestica, Inc. $CLS

Mediolanum International Funds Ltd grew its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 281.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 32,537 shares of the technology company’s stock after acquiring an additional 24,015 shares during the period. Mediolanum International Funds Ltd’s holdings in Celestica were worth $8,376,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CLS. Assetmark Inc. lifted its holdings in Celestica by 18.6% in the 1st quarter. Assetmark Inc. now owns 25,171 shares of the technology company’s stock worth $7,090,000 after purchasing an additional 3,941 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Celestica by 1.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 135,177 shares of the technology company’s stock valued at $39,030,000 after buying an additional 1,307 shares during the last quarter. Independent Financial Group LLC bought a new stake in shares of Celestica during the first quarter valued at approximately $2,840,000. Prosperity Consulting Group LLC raised its position in shares of Celestica by 9.4% during the first quarter. Prosperity Consulting Group LLC now owns 1,450 shares of the technology company’s stock valued at $408,000 after buying an additional 125 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in shares of Celestica by 2.7% in the first quarter. D.A. Davidson & CO. now owns 21,189 shares of the technology company’s stock worth $5,969,000 after buying an additional 548 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Insider Buying and Selling

In related news, CEO Robert Mionis sold 66,056 shares of Celestica stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $400.06, for a total value of $26,426,363.36. Following the completion of the transaction, the chief executive officer owned 134,328 shares in the company, valued at approximately $53,739,259.68. This trade represents a 32.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Mandeep Chawla sold 17,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $399.65, for a total value of $6,794,050.00. Following the sale, the chief financial officer directly owned 82,444 shares in the company, valued at $32,948,744.60. The trade was a 17.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 161,168 shares of company stock worth $63,190,485. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CLS. Bank of America upped their target price on shares of Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. boosted their price target on shares of Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. UBS Group increased their price objective on shares of Celestica from $355.00 to $400.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. BMO Capital Markets raised their price objective on Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Weiss Ratings cut Celestica from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Celestica presently has a consensus rating of “Buy” and a consensus target price of $427.42.

Celestica Price Performance

CLS stock opened at $307.54 on Tuesday. Celestica, Inc. has a 52 week low of $153.11 and a 52 week high of $474.02. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $365.49 and a two-hundred day simple moving average of $331.59. The firm has a market capitalization of $35.36 billion, a P/E ratio of 37.19, a price-to-earnings-growth ratio of 0.70 and a beta of 2.05.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.08. The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The business’s quarterly revenue was up 52.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.20 EPS. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Analysts anticipate that Celestica, Inc. will post 9.57 earnings per share for the current fiscal year.

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.