Diversify Advisory Services LLC Takes Position in Celestica, Inc. $CLS

Diversify Advisory Services LLC bought a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,311 shares of the technology company’s stock, valued at approximately $4,554,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new position in shares of Celestica in the first quarter valued at approximately $68,952,000. CIBC Asset Management Inc boosted its position in Celestica by 7.7% during the fourth quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock valued at $129,499,000 after purchasing an additional 31,086 shares during the last quarter. Norges Bank bought a new position in shares of Celestica in the fourth quarter valued at $456,511,000. Marietta Investment Partners LLC bought a new stake in Celestica during the fourth quarter worth $1,273,000. Finally, BW Gestao de Investimentos Ltda. grew its position in shares of Celestica by 29.9% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 31,179 shares of the technology company’s stock valued at $9,217,000 after acquiring an additional 7,179 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Performance

Shares of NYSE:CLS opened at $310.37 on Wednesday. The company’s 50 day moving average price is $346.00 and its two-hundred day moving average price is $335.26. Celestica, Inc. has a 12-month low of $173.23 and a 12-month high of $474.02. The firm has a market cap of $35.69 billion, a PE ratio of 32.26 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.

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 analysts’ consensus estimates of $2.29 by $0.25. The company 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%.Celestica’s revenue was up 62.4% on a year-over-year basis. During the same quarter last 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. Equities research analysts predict that Celestica, Inc. will post 9.97 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. TD Cowen upgraded Celestica from a “hold” rating to a “buy” rating and upped their price objective for the company from $350.00 to $430.00 in a research note on Wednesday, April 29th. Scotiabank began coverage on Celestica in a research report on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 price objective for the company. BWS Financial reiterated a “buy” rating on shares of Celestica in a research note on Tuesday, July 28th. Finally, Citigroup boosted their target price on Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $438.86.

Insider Transactions at Celestica

In other news, CEO Robert Mionis sold 98,453 shares of the company’s stock in a transaction 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mandeep Chawla sold 17,000 shares of the company’s 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 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. The trade was 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 in the last three months. Company insiders own 1.10% of the company’s stock.

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.