Northwestern Mutual Wealth Management Co. Makes New Investment in Celestica, Inc. $CLS

Northwestern Mutual Wealth Management Co. purchased a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,258 shares of the technology company’s stock, valued at approximately $1,553,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Celestica by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company’s stock worth $1,423,333,000 after purchasing an additional 73,022 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Celestica by 24.8% during the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock worth $1,187,650,000 after buying an additional 798,782 shares during the period. Franklin Resources Inc. lifted its stake in Celestica by 18.6% in the fourth quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock valued at $673,471,000 after buying an additional 356,797 shares in the last quarter. Cibc World Market Inc. lifted its stake in Celestica by 30.6% in the fourth quarter. Cibc World Market Inc. now owns 2,265,680 shares of the technology company’s stock valued at $670,279,000 after buying an additional 530,535 shares in the last quarter. Finally, Viking Global Investors LP acquired a new position in shares of Celestica in the third quarter valued at approximately $424,459,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Price Performance

Shares of CLS opened at $306.89 on Wednesday. The stock has a market capitalization of $35.29 billion, a P/E ratio of 31.90 and a beta of 2.06. Celestica, Inc. has a twelve month low of $183.66 and a twelve month high of $474.02. The company has a 50 day moving average of $337.47 and a 200-day moving average of $335.71. 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 announced its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The firm’s revenue for the quarter was up 62.4% on a year-over-year basis. 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 research analysts forecast that Celestica, Inc. will post 10.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on CLS. Wolfe Research increased their price objective on shares of Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and upped their target price for the stock from $350.00 to $430.00 in a research note on Wednesday, April 29th. Stifel Nicolaus set a $500.00 target price on shares of Celestica in a research note on Tuesday, July 28th. BWS Financial reiterated a “buy” rating on shares of Celestica in a report on Tuesday, July 28th. Finally, Scotiabank initiated coverage on Celestica in a research note on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $439.81.

Insider Buying and Selling at Celestica

In other Celestica news, CFO Mandeep Chawla sold 16,117 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer directly owned 65,444 shares of the company’s stock, valued at $24,169,778.08. The trade was a 19.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert Mionis sold 23,496 shares of the business’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 sale, the chief executive officer directly owned 23,396 shares in the company, valued at $8,478,476.44. This trade represents a 50.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 356,553 shares of company stock worth $135,238,444 over the last quarter. Company insiders own 1.10% of the company’s stock.

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.