Insider Selling: Celestica (NYSE:CLS) CFO Sells 17,000 Shares of Stock

Celestica, Inc. (NYSE:CLS) (TSE:CLS) CFO Mandeep Chawla sold 17,000 shares of the company’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 value of $6,794,050.00. Following the completion of the transaction, the chief financial officer owned 82,444 shares of the company’s stock, valued at approximately $32,948,744.60. This represents a 17.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Celestica Stock Performance

Shares of Celestica stock traded down $1.70 on Wednesday, reaching $380.31. 1,189,950 shares of the company were exchanged, compared to its average volume of 2,133,640. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26. The company’s 50-day moving average is $380.87 and its two-hundred day moving average is $325.89. The firm has a market cap of $43.72 billion, a price-to-earnings ratio of 45.99, a P/E/G ratio of 0.89 and a beta of 2.02. Celestica, Inc. has a 1-year low of $130.68 and a 1-year high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, beating the consensus estimate of $2.08 by $0.08. The firm had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The firm’s revenue was up 52.8% compared to the same quarter last year. During the same period last year, the firm earned $1.20 EPS. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. As a group, research analysts expect that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on CLS. Rothschild & Co Redburn began coverage on Celestica in a research note on Friday, May 1st. They issued a “buy” rating and a $460.00 price objective on the stock. The Goldman Sachs Group restated a “buy” rating and set a $475.00 price target on shares of Celestica in a research note on Tuesday, April 28th. JPMorgan Chase & Co. boosted their price target on Celestica from $410.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada boosted their price target on Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Wolfe Research upgraded Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Celestica currently has a consensus rating of “Moderate Buy” and a consensus price target of $427.42.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Celestica during the 4th quarter worth $28,000. Swiss RE Ltd. acquired a new position in Celestica during the 4th quarter worth $29,000. Cullen Frost Bankers Inc. acquired a new position in Celestica during the 4th quarter worth $30,000. Sittner & Nelson LLC acquired a new position in Celestica during the 4th quarter worth $31,000. Finally, Ascentis Independent Advisors bought a new stake in shares of Celestica during the 1st quarter valued at $29,000. Institutional investors and hedge funds own 67.38% 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.