Corient Private Wealth LP Purchases Shares of 13,070 Celestica, Inc. $CLS

Corient Private Wealth LP purchased a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,070 shares of the technology company’s stock, valued at approximately $4,768,000.

Other hedge funds also recently made changes to their positions in the company. Ausdal Financial Partners Inc. acquired a new stake in shares of Celestica during the 2nd quarter valued at about $670,000. Axim Planning & Wealth bought a new stake in Celestica in the second quarter valued at about $348,000. Bank of America Corp DE bought a new stake in Celestica in the second quarter valued at about $444,899,000. Freestone Grove Partners LP acquired a new position in Celestica in the second quarter worth about $38,391,000. Finally, Caisse de depot et placement du Quebec acquired a new position in Celestica in the second quarter worth about $45,843,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Insider Buying and Selling

In other Celestica news, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction 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 completion of the transaction, the chief financial officer owned 82,444 shares in the company, valued at approximately $32,948,744.60. The trade was a 17.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Mionis sold 98,453 shares of Celestica stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total value of $36,328,172.47. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 356,553 shares of company stock valued at $135,238,444 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Celestica Trading Up 0.4%

Shares of CLS stock opened at $299.91 on Tuesday. Celestica, Inc. has a 12-month low of $183.66 and a 12-month high of $474.02. The company has a market capitalization of $34.48 billion, a P/E ratio of 31.18 and a beta of 2.06. The firm has a 50-day moving average price of $331.89 and a 200 day moving average price of $335.74. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32.

Celestica (NYSE:CLS) (TSE:CLS) last released 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. The firm 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 revenue for the quarter was up 62.4% compared to the same quarter last year. During the same period in the previous year, the business 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. Research analysts forecast that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Zacks Research raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Scotiabank assumed coverage on Celestica in a report on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 target price for the company. Wall Street Zen downgraded Celestica from a “buy” rating to a “hold” rating in a research report on Saturday. Bank of America restated a “buy” rating on shares of Celestica in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. boosted their price target on Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $439.81.

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.