Mufg Securities Canada LTD. Lowers Stake in Celestica, Inc. $CLS

Mufg Securities Canada LTD. cut its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 4.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 162,633 shares of the technology company’s stock after selling 7,809 shares during the period. Celestica makes up about 1.6% of Mufg Securities Canada LTD.’s portfolio, making the stock its 22nd largest holding. Mufg Securities Canada LTD. owned 0.14% of Celestica worth $59,218,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Legacy Wealth Managment LLC ID boosted its position in Celestica by 14.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock worth $63,000 after purchasing an additional 28 shares in the last quarter. Capital Planning LLC increased its position in shares of Celestica by 3.2% in the first quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock valued at $289,000 after buying an additional 32 shares in the last quarter. PCB Capital LLC increased its position in shares of Celestica by 3.5% in the first quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock valued at $280,000 after buying an additional 34 shares in the last quarter. Avantax Planning Partners Inc. increased its position in shares of Celestica by 2.7% in the fourth quarter. Avantax Planning Partners Inc. now owns 1,528 shares of the technology company’s stock valued at $452,000 after buying an additional 40 shares in the last quarter. Finally, Park Square Financial Group LLC raised its stake in shares of Celestica by 36.3% during the 4th quarter. Park Square Financial Group LLC now owns 154 shares of the technology company’s stock worth $46,000 after buying an additional 41 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Stock Performance

NYSE CLS opened at $299.91 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68. The stock’s 50 day simple moving average is $331.89 and its 200-day simple moving average is $335.74. The company has a market cap of $34.48 billion, a PE ratio of 31.18 and a beta of 2.06. Celestica, Inc. has a 1-year low of $183.66 and a 1-year high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The firm had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the previous year, the business earned $1.39 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts anticipate that Celestica, Inc. will post 10.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CLS shares. Stifel Nicolaus set a $500.00 price target on shares of Celestica in a research note on Tuesday, July 28th. JPMorgan Chase & Co. boosted their price target on shares of Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Barclays reduced their price objective on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Zacks Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Finally, Wall Street Zen lowered shares of Celestica from a “buy” rating to a “hold” rating in a research report on Saturday. 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 MarketBeat, Celestica presently has an average rating of “Buy” and an average price target of $439.81.

Insider Transactions at Celestica

In related news, CEO Robert Mionis sold 23,496 shares of the company’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 owned 23,396 shares of the company’s stock, valued at approximately $8,478,476.44. This represents a 50.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer owned 65,444 shares of the company’s stock, valued at approximately $24,169,778.08. The trade was a 19.76% 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 quarter. Company 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.