Celestica, Inc. $CLS Holdings Raised by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 1.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 959,586 shares of the technology company’s stock after purchasing an additional 18,105 shares during the period. The Manufacturers Life Insurance Company’s holdings in Celestica were worth $270,416,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Spire Wealth Management raised its stake in shares of Celestica by 354.3% during the 4th quarter. Spire Wealth Management now owns 5,979 shares of the technology company’s stock worth $1,767,000 after purchasing an additional 4,663 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Celestica in the 1st quarter valued at approximately $68,952,000. CIBC Asset Management Inc grew its stake in shares of Celestica by 7.7% in the 4th quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock valued at $129,499,000 after buying an additional 31,086 shares in the last quarter. Norges Bank acquired a new position in Celestica in the fourth quarter worth approximately $456,511,000. Finally, Marietta Investment Partners LLC acquired a new position in Celestica in the fourth quarter worth approximately $1,273,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Key Celestica News

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Q2 results exceeded expectations. Celestica reported $4.70 billion in revenue, up 62% year over year, while adjusted earnings reached $2.54 per share versus the $2.29 consensus estimate. Reported EPS was also above expectations, at $2.41, compared with the same $2.29 consensus. Celestica Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management raised its full-year outlook. Celestica now expects 2026 revenue of approximately $20.5 billion and EPS of $11.30, above analyst expectations of $19.2 billion and $10.13, respectively. The company also said growth is expected to accelerate in 2027. Celestica Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Third-quarter guidance also topped consensus. Celestica forecast EPS of $2.88–$3.08 and revenue of $5.3–$5.6 billion, compared with analyst estimates of $2.65 EPS and $5.0 billion in revenue. The outlook indicates momentum is continuing beyond the latest quarter. Celestica Q2 Earnings and Revenue Beat Estimates; Raises 2026 Outlook
• Positive Sentiment: Options activity reflected bullish interest. Investors purchased 13,556 call options, approximately 16% above the average daily call volume, although options activity is a positioning signal rather than a fundamental change.
• Neutral Sentiment: Celestica’s reported net margin was 6.95% and return on equity was 36.91%. The stock’s high beta and elevated valuation mean strong results may support the shares, but they also leave the stock sensitive to future guidance or execution disappointments.

Insider Buying and Selling

In other news, CFO Mandeep Chawla sold 17,000 shares of the firm’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 sale, the chief financial officer directly owned 82,444 shares of the company’s stock, valued at approximately $32,948,744.60. This trade represents a 17.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Mionis sold 66,056 shares of Celestica stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $400.06, for a total value of $26,426,363.36. Following the completion of the transaction, the chief executive officer owned 134,328 shares in the company, valued at $53,739,259.68. The trade was a 32.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 161,168 shares of company stock worth $63,190,485 in the last quarter. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on CLS. Susquehanna lifted their target price on shares of Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. increased their price target on shares of Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $480.00 price target on shares of Celestica in a report on Wednesday, April 29th. TD Securities raised shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective for the company in a research note on Wednesday, April 29th. Finally, Rothschild & Co Redburn assumed coverage on shares of Celestica in a research report on Friday, May 1st. They set a “buy” rating and a $460.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $427.42.

Celestica Trading Up 5.2%

Shares of CLS stock opened at $321.06 on Tuesday. Celestica, Inc. has a 12 month low of $169.19 and a 12 month high of $474.02. The company has a market cap of $36.91 billion, a PE ratio of 38.82, a price-to-earnings-growth ratio of 0.71 and a beta of 2.05. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $361.64 and its two-hundred day moving average is $332.61.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The business had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Celestica had a net margin of 6.95% and a return on equity of 36.91%. Celestica’s revenue for the quarter was up 62.4% on a year-over-year basis. During the same period in the previous 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. Equities analysts predict that Celestica, Inc. will post 9.57 EPS for the current year.

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.