Pinnbrook Capital Management LP Acquires New Position in Celestica, Inc. $CLS

Pinnbrook Capital Management LP bought a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,600 shares of the technology company’s stock, valued at approximately $2,043,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CLS. NewGen Equity Long Short Fund acquired a new position in Celestica in the 2nd quarter valued at $14,050,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Celestica by 7,646.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company’s stock worth $157,000 after purchasing an additional 994 shares during the last quarter. First Trust Advisors LP grew its position in shares of Celestica by 30.0% in the second quarter. First Trust Advisors LP now owns 78,061 shares of the technology company’s stock valued at $12,197,000 after purchasing an additional 18,025 shares during the period. NewEdge Advisors LLC grew its position in shares of Celestica by 385.8% in the second quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company’s stock valued at $438,000 after purchasing an additional 2,226 shares during the period. Finally, HUB Investment Partners LLC increased its stake in Celestica by 11.0% in the second quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company’s stock valued at $497,000 after purchasing an additional 315 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Celestica

In other news, CEO Robert Mionis sold 23,496 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $362.39, for a total value of $8,514,715.44. Following the transaction, the chief executive officer owned 23,396 shares of the company’s stock, valued at approximately $8,478,476.44. This trade represents a 50.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction on 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 transaction, the chief financial officer owned 65,444 shares in the company, valued at $24,169,778.08. The trade was a 19.76% decrease in their position. 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 three months. Company insiders own 1.10% of the company’s stock.

Celestica Stock Down 2.0%

Shares of NYSE:CLS opened at $296.03 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. Celestica, Inc. has a 1 year low of $179.01 and a 1 year high of $474.02. The stock has a market capitalization of $34.04 billion, a P/E ratio of 30.77 and a beta of 2.06. The stock has a 50-day simple moving average of $341.15 and a 200-day simple moving average of $335.16.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The firm had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The company’s revenue was up 62.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. Equities analysts forecast that Celestica, Inc. will post 10.15 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Barclays decreased their price target on Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Wolfe Research upped their price objective on shares of Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Bank of America reiterated a “buy” rating on shares of Celestica in a report on Wednesday, July 29th. Canadian Imperial Bank of Commerce raised their target price on shares of Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $475.00 target price on shares of Celestica in a report on Tuesday, April 28th. 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $438.86.

Celestica 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.