Celestica (NYSE:CLS) CFO Sells $6,794,050.00 in Stock

Celestica, Inc. (NYSE:CLS) (TSE:CLS) CFO Mandeep Chawla sold 17,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $399.65, for a total transaction 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. The trade was a 17.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Celestica Stock Performance

Shares of CLS stock opened at $372.96 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average price of $383.45 and a 200 day moving average price of $326.42. The company has a market cap of $42.88 billion, a P/E ratio of 45.10, a PEG ratio of 0.87 and a beta of 2.02. Celestica, Inc. has a 12 month low of $130.68 and a 12 month high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, beating the consensus estimate of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share. Celestica’s revenue for the quarter was up 52.8% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Sell-side analysts predict that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CLS shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $480.00 target price on shares of Celestica in a research report on Wednesday, April 29th. BMO Capital Markets upped their price target on Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a report on Friday, April 24th. TD Cowen upgraded shares of Celestica from a “hold” rating to a “buy” rating and increased their price target for the company from $350.00 to $430.00 in a research note on Wednesday, April 29th. Bank of America raised their price objective on shares of Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Finally, Susquehanna boosted their price objective on shares of Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $427.42.

Institutional Trading of Celestica

Large investors have recently made changes to their positions in the company. Wealth High Governance Capital Ltda grew its stake in Celestica by 12.4% during the 1st quarter. Wealth High Governance Capital Ltda now owns 35,042 shares of the technology company’s stock worth $9,871,000 after buying an additional 3,863 shares during the last quarter. Wealth High Governance Asset Management Ltda. boosted its holdings in shares of Celestica by 69.6% in the first quarter. Wealth High Governance Asset Management Ltda. now owns 29,916 shares of the technology company’s stock valued at $8,427,000 after acquiring an additional 12,274 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Celestica by 5.6% in the first quarter. NewEdge Advisors LLC now owns 6,282 shares of the technology company’s stock valued at $1,770,000 after acquiring an additional 333 shares during the period. Alpine Woods Capital Investors LLC acquired a new stake in shares of Celestica in the first quarter valued at approximately $563,000. Finally, Glenmede Trust Co. NA grew its position in shares of Celestica by 1.7% during the first quarter. Glenmede Trust Co. NA now owns 4,438 shares of the technology company’s stock worth $1,250,000 after acquiring an additional 75 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

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.