27,400 Shares in Celestica, Inc. $CLS Bought by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co acquired a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 27,400 shares of the technology company’s stock, valued at approximately $9,989,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CLS. Long Corridor Asset Management Ltd purchased a new stake in shares of Celestica during the second quarter valued at approximately $2,918,000. William Blair Investment Management LLC purchased a new position in Celestica in the second quarter worth $12,729,000. Korea Investment CORP purchased a new position in Celestica in the second quarter worth $33,075,000. EP Wealth Advisors LLC bought a new position in Celestica in the 2nd quarter valued at $5,176,000. Finally, Burnham & Co LLC bought a new position in Celestica in the 2nd quarter valued at $912,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Price Performance

Shares of NYSE:CLS opened at $296.03 on Monday. The firm has a market capitalization of $34.04 billion, a PE ratio of 30.77 and a beta of 2.06. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $341.15 and a two-hundred day moving average price of $335.51. Celestica, Inc. has a twelve month low of $179.01 and a twelve month high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly 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 company had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The company’s quarterly revenue was up 62.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. Equities analysts forecast that Celestica, Inc. will post 10.15 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wolfe Research lifted their target price on Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Weiss Ratings downgraded shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. JPMorgan Chase & Co. lifted their price objective on shares of Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Scotiabank initiated coverage on shares of Celestica in a research note on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 target price on the stock. Finally, Zacks Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $439.81.

Insiders Place Their Bets

In other news, CEO Robert Mionis sold 98,453 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total value of $36,328,172.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction dated 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. This trade represents a 17.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 356,553 shares of company stock valued at $135,238,444 over the last ninety days. Corporate 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.