IPG Investment Advisors LLC Purchases 4,385 Shares of Celestica, Inc. $CLS

IPG Investment Advisors LLC raised its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 449.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,360 shares of the technology company’s stock after purchasing an additional 4,385 shares during the period. IPG Investment Advisors LLC’s holdings in Celestica were worth $1,954,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Washington Trust Advisors Inc. bought a new position in shares of Celestica in the second quarter valued at approximately $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Celestica during the fourth quarter worth $28,000. Ascentis Independent Advisors bought a new stake in Celestica during the first quarter worth $29,000. Swiss RE Ltd. purchased a new position in Celestica in the fourth quarter worth $29,000. Finally, Cullen Frost Bankers Inc. purchased a new position in Celestica in the fourth quarter worth $30,000. Institutional investors own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CLS. Barclays reduced their price objective on Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Bank of America reissued a “buy” rating on shares of Celestica in a report on Wednesday, July 29th. UBS Group upgraded shares of Celestica from a “neutral” rating to a “buy” rating and increased their price target for the company from $410.00 to $430.00 in a research report on Monday, August 24th. Stifel Nicolaus set a $500.00 price objective on shares of Celestica in a report on Tuesday, July 28th. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research note on Wednesday, July 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 stock. According to MarketBeat.com, Celestica presently has a consensus rating of “Buy” and a consensus price target of $439.81.

Insider Activity

In related news, CEO Robert Mionis sold 98,453 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total transaction of $36,328,172.47. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mandeep Chawla sold 17,000 shares of the firm’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 transaction of $6,794,050.00. Following the completion of the transaction, the chief financial officer directly owned 82,444 shares of the company’s stock, valued at approximately $32,948,744.60. This trade represents a 17.10% decrease in their ownership of the stock. 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. Corporate insiders own 1.10% of the company’s stock.

Celestica Stock Up 1.0%

Shares of NYSE CLS opened at $333.38 on Thursday. 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 has a market capitalization of $38.33 billion, a PE ratio of 34.65 and a beta of 2.04. Celestica, Inc. has a one year low of $227.00 and a one year high of $474.02. The business’s fifty day moving average price is $325.59 and its 200-day moving average price is $336.91.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. The business had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The firm’s quarterly revenue was up 62.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.39 EPS. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. On average, equities research analysts anticipate that Celestica, Inc. will post 10.71 EPS for the current year.

About Celestica

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.