PNC Financial Services Group Inc. Has $3.27 Million Stock Position in Celestica, Inc. $CLS

PNC Financial Services Group Inc. boosted its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 15.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,596 shares of the technology company’s stock after purchasing an additional 1,525 shares during the period. PNC Financial Services Group Inc.’s holdings in Celestica were worth $3,266,000 at the end of the most recent quarter.

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

Key Celestica News

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Q2 results beat expectations: Revenue rose 62% year over year to approximately $4.70 billion, exceeding estimates near $4.30 billion. Adjusted EPS was $2.54 versus the $2.29 consensus and $1.39 a year earlier. Results were above the high end of management’s own guidance. Celestica Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Raised 2026 guidance: Celestica now expects approximately $20.5 billion in 2026 revenue and $11.30 in EPS, ahead of analyst expectations of roughly $19.2 billion and $10.13, respectively. Third-quarter guidance of $5.3 billion-$5.6 billion in revenue and $2.88-$3.08 in EPS also exceeds consensus estimates. CLS Q2 Earnings Beat Estimates on Strong CCS Demand, Outlook Raised
• Positive Sentiment: Strong forward demand: The Connectivity & Cloud Solutions segment reportedly grew 84% year over year. Management expects hyperscaler mass production and AI infrastructure demand to support faster growth in 2027, with some commentary pointing to growth above 65%. Celestica Q2: 2 Reasons It’s Worth Watching, But Not Buying Yet
• Positive Sentiment: Investor momentum: Shares gained in premarket and after-hours trading following the earnings release, while call-option activity was above its average, suggesting heightened bullish interest. Why Celestica Shares Are Trading Higher

Celestica Stock Up 9.6%

NYSE:CLS opened at $348.66 on Wednesday. Celestica, Inc. has a one year low of $173.23 and a one year high of $474.02. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. The company has a market cap of $40.09 billion, a PE ratio of 36.24, a P/E/G ratio of 0.74 and a beta of 2.05. The firm’s 50 day simple moving average is $361.83 and its 200 day simple moving average is $332.91.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results 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. The firm had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 41.69%. The company’s revenue was up 62.4% on a year-over-year basis. During the same period in the prior year, the company posted $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. On average, research analysts anticipate that Celestica, Inc. will post 9.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CLS has been the subject of several research analyst reports. Susquehanna boosted their target price on Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. TD Cowen upgraded shares of Celestica from a “hold” rating to a “buy” rating and raised their price target for the company from $350.00 to $430.00 in a research note on Wednesday, April 29th. The Goldman Sachs Group restated a “buy” rating and issued a $475.00 price target on shares of Celestica in a research note on Tuesday, April 28th. Zacks Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Finally, Stifel Nicolaus set a $500.00 price objective on shares of Celestica in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, nineteen have given 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 “Buy” and a consensus price target of $430.32.

Insider Buying and Selling

In other Celestica news, CEO Robert Mionis sold 18,176 shares of Celestica stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $385.17, for a total transaction of $7,000,849.92. Following the transaction, the chief executive officer directly owned 60,384 shares of the company’s stock, valued at approximately $23,258,105.28. The trade was a 23.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mandeep Chawla sold 17,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the completion of the sale, the chief financial officer owned 82,444 shares in the company, valued at $32,948,744.60. This trade represents a 17.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 161,168 shares of company stock valued at $63,190,485 over the last 90 days. 1.10% of the stock is owned by insiders.

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.