Neumeier Poma Investment Counsel LLC Takes $906.89 Million Position in Celestica, Inc. $CLS

Neumeier Poma Investment Counsel LLC bought a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 2nd quarter, HoldingsChannel reports. The fund bought 2,486 shares of the technology company’s stock, valued at approximately $906,893,000.

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

Wall Street Analyst Weigh In

CLS has been the topic of a number of research analyst reports. Stifel Nicolaus set a $500.00 price objective on shares of Celestica in a research report on Tuesday, July 28th. Citigroup increased their target price on shares of Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings lowered shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. JPMorgan Chase & Co. boosted their price target on shares of Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and upped their price target for the stock from $350.00 to $430.00 in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $439.81.

Insider Transactions at Celestica

In other news, CEO Robert Mionis sold 23,496 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the completion of the sale, the chief executive officer owned 23,396 shares in the company, valued at approximately $8,478,476.44. This represents a 50.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the transaction, the chief financial officer directly owned 65,444 shares in the company, valued at approximately $24,169,778.08. This represents 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 ninety days. Insiders own 1.10% of the company’s stock.

Celestica Stock Performance

CLS stock opened at $296.03 on Monday. The firm has a 50 day moving average of $341.15 and a two-hundred day moving average of $335.51. Celestica, Inc. has a 12 month low of $179.01 and a 12 month high of $474.02. The company has a market capitalization of $34.04 billion, a price-to-earnings ratio of 30.77 and a beta of 2.06. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. The business had revenue of $4.68 billion for 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%. Celestica’s revenue for the quarter was up 62.4% on a year-over-year basis. During the same quarter last year, the firm 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. As a group, equities analysts anticipate that Celestica, Inc. will post 10.15 EPS for the current fiscal year.

Celestica Company 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.