Kendall Capital Management Purchases New Stake in Celestica, Inc. $CLS

Kendall Capital Management acquired a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 18,812 shares of the technology company’s stock, valued at approximately $6,863,000. Celestica accounts for 1.1% of Kendall Capital Management’s portfolio, making the stock its 20th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CLS. Northwestern Mutual Wealth Management Co. lifted its position in Celestica by 5,806,149.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after purchasing an additional 3,657,874 shares during the period. Viking Global Investors LP acquired a new stake in shares of Celestica during the 3rd quarter worth approximately $424,459,000. Norges Bank acquired a new stake in shares of Celestica during the 4th quarter worth approximately $456,511,000. AQR Capital Management LLC bought a new stake in shares of Celestica during the fourth quarter worth approximately $315,497,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Celestica by 24.8% during the fourth quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock worth $1,187,650,000 after buying an additional 798,782 shares during the last quarter. 67.38% of the stock is owned by institutional investors.

Insider Activity at Celestica

In related news, CFO Mandeep Chawla sold 17,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the sale, the chief financial officer directly owned 82,444 shares in the company, valued at $32,948,744.60. This trade represents a 17.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert Mionis sold 98,453 shares of the business’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. 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.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CLS. TD Securities raised shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective on the stock in a research note on Wednesday, April 29th. Stifel Nicolaus set a $500.00 target price on shares of Celestica in a research report on Tuesday, July 28th. Susquehanna increased their price target on Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. UBS Group restated a “neutral” rating and issued a $410.00 price target on shares of Celestica in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada lifted their price objective on Celestica from $440.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Celestica presently has a consensus rating of “Moderate Buy” and a consensus target price of $438.86.

Celestica Trading Down 2.0%

NYSE CLS opened at $296.03 on Friday. The firm has a market cap of $34.04 billion, a P/E ratio of 30.77 and a beta of 2.06. 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 moving average is $341.15 and its 200-day moving average is $335.16. Celestica, Inc. has a one year low of $179.01 and a one year high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the firm earned $1.39 EPS. Celestica’s quarterly revenue was up 62.4% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Sell-side analysts anticipate that Celestica, Inc. will post 10.15 earnings per share for the current fiscal year.

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.