125,743 Shares in Celestica, Inc. $CLS Bought by Caisse de depot et placement du Quebec

Caisse de depot et placement du Quebec purchased a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, Holdings Channel reports. The institutional investor purchased 125,743 shares of the technology company’s stock, valued at approximately $45,843,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gallagher Fiduciary Advisors LLC purchased a new position in Celestica in the second quarter worth approximately $302,000. Man Group plc purchased a new position in Celestica in the second quarter valued at $56,475,000. Invst LLC purchased a new stake in Celestica during the 2nd quarter worth about $3,670,000. Polar Asset Management Partners Inc. purchased a new position in shares of Celestica in the 2nd quarter valued at about $335,000. Finally, Jupiter Topco LLC purchased a new stake in Celestica during the second quarter worth approximately $2,774,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Trading Up 3.3%

Shares of CLS stock opened at $317.42 on Friday. The business’s 50 day moving average is $334.90 and its two-hundred day moving average is $335.87. Celestica, Inc. has a twelve month low of $183.66 and a twelve month high of $474.02. The company has a market capitalization of $36.50 billion, a P/E ratio of 33.00 and a beta of 2.06. The company has a current ratio of 1.23, a quick ratio of 0.68 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 EPS for the quarter, topping the consensus estimate of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the prior year, the business earned $1.39 earnings per share. The company’s quarterly revenue was up 62.4% compared to the same quarter last year. 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 forecast that Celestica, Inc. will post 10.42 EPS for the current year.

Insider Activity

In related news, CEO Robert Mionis sold 23,496 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $362.39, for a total value of $8,514,715.44. Following the completion of the sale, the chief executive officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction that occurred on 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 completion of the sale, the chief financial officer directly owned 65,444 shares in the company, valued at $24,169,778.08. This represents a 19.76% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 356,553 shares of company stock worth $135,238,444. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on CLS shares. BWS Financial restated a “buy” rating on shares of Celestica in a research report on Tuesday, July 28th. Stifel Nicolaus set a $500.00 price objective on Celestica in a report on Tuesday, July 28th. Barclays decreased their target price on Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Rothschild & Co Redburn assumed coverage on Celestica in a research note on Friday, May 1st. They issued a “buy” rating and a $460.00 price objective for the company. Finally, Wolfe Research raised their target price 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $439.81.

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.