OMERS ADMINISTRATION Corp Makes New Investment in Celestica, Inc. $CLS

OMERS ADMINISTRATION Corp bought a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 2nd quarter, Holdings Channel reports. The fund bought 104,644 shares of the technology company’s stock, valued at approximately $38,151,000.

Other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Celestica during the fourth quarter valued at approximately $28,000. Ascentis Independent Advisors bought a new stake in Celestica in the 1st quarter valued at $29,000. Swiss RE Ltd. bought a new stake in shares of Celestica in the fourth quarter valued at about $29,000. Cullen Frost Bankers Inc. bought a new position in shares of Celestica during the fourth quarter worth about $30,000. Finally, Sittner & Nelson LLC acquired a new stake in Celestica in the 4th quarter valued at approximately $31,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CLS has been the subject of several research reports. Canadian Imperial Bank of Commerce raised their price target on shares of Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price target on shares of Celestica from $445.00 to $485.00 and gave the company an “overweight” 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 research note on Thursday, August 13th. Stifel Nicolaus set a $500.00 price target on Celestica in a research report on Tuesday, July 28th. Finally, TD Cowen raised Celestica from a “hold” rating to a “buy” rating and increased their price objective for the company from $350.00 to $430.00 in a report on Wednesday, April 29th. One 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. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $439.81.

Celestica Price Performance

NYSE:CLS opened at $296.03 on Monday. The company has a market cap of $34.04 billion, a P/E ratio of 30.77 and a beta of 2.06. The firm’s fifty day moving average price is $341.15 and its two-hundred day moving average price is $335.51. Celestica, Inc. has a one year low of $179.01 and a one year high of $474.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the business earned $1.39 EPS. Celestica’s quarterly revenue 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. Equities analysts expect that Celestica, Inc. will post 10.15 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Mandeep Chawla sold 16,117 shares of the firm’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 transaction 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 trade 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 can be accessed through this hyperlink. Also, CEO Robert Mionis sold 23,496 shares of Celestica stock in a transaction that occurred on 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 356,553 shares of company stock valued at $135,238,444 in the last three months. Insiders own 1.10% of the company’s stock.

Celestica Company 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.