Public Employees Retirement System of Ohio Takes Position in Celestica, Inc. $CLS

Public Employees Retirement System of Ohio purchased a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 28,021 shares of the technology company’s stock, valued at approximately $10,218,000.

Several other large investors have also made changes to their positions in CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Celestica during the fourth quarter valued at approximately $28,000. Ascentis Independent Advisors acquired a new stake in shares of Celestica in the 1st quarter valued at $29,000. Swiss RE Ltd. bought a new position in shares of Celestica in the 4th quarter valued at $29,000. Cullen Frost Bankers Inc. acquired a new position in shares of Celestica during the 4th quarter worth $30,000. Finally, Sittner & Nelson LLC acquired a new position in shares of Celestica during the 4th quarter worth $31,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CLS. BWS Financial reiterated a “buy” rating on shares of Celestica in a research report on Tuesday, July 28th. Wall Street Zen cut shares of Celestica from a “buy” rating to a “hold” rating in a report on Saturday. Scotiabank started coverage on shares of Celestica in a research note on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 price target on the stock. Stifel Nicolaus set a $500.00 price target on shares of Celestica in a report on Tuesday, July 28th. Finally, Canadian Imperial Bank of Commerce upped their price objective 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. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Celestica presently has an average rating of “Buy” and an average target price of $439.81.

Celestica Price Performance

Shares of CLS opened at $299.91 on Tuesday. Celestica, Inc. has a 12-month low of $183.66 and a 12-month high of $474.02. The business has a 50-day simple moving average of $331.89 and a two-hundred day simple moving average of $335.74. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. The stock has a market cap of $34.48 billion, a PE ratio of 31.18 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating the consensus estimate 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 return on equity of 39.96% and a net margin of 7.16%.The business’s quarterly revenue was up 62.4% on a year-over-year basis. During the same period last year, the company 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. Analysts anticipate that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Robert Mionis sold 98,453 shares of Celestica 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Mandeep Chawla sold 17,000 shares of the business’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 sale, the chief financial officer directly owned 82,444 shares in the company, valued at $32,948,744.60. The trade was a 17.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 356,553 shares of company stock valued at $135,238,444. 1.10% of the stock is owned by company insiders.

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.