4,235 Shares in Celestica, Inc. $CLS Bought by PCM Encore LLC

PCM Encore LLC purchased a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,235 shares of the technology company’s stock, valued at approximately $1,545,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new stake in Celestica in the 1st quarter valued at about $68,952,000. CIBC Asset Management Inc increased its position in Celestica by 7.7% during the fourth quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock worth $129,499,000 after buying an additional 31,086 shares during the last quarter. Norges Bank acquired a new position in Celestica during the fourth quarter worth approximately $456,511,000. Marietta Investment Partners LLC bought a new stake in Celestica in the fourth quarter valued at approximately $1,273,000. Finally, BW Gestao de Investimentos Ltda. raised its stake in Celestica by 29.9% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 31,179 shares of the technology company’s stock valued at $9,217,000 after buying an additional 7,179 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Robert Mionis sold 98,453 shares of Celestica stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total transaction of $36,328,172.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mandeep Chawla sold 17,000 shares of the business’s stock in a transaction dated 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 directly owned 82,444 shares of the company’s stock, valued at approximately $32,948,744.60. The trade was a 17.10% decrease in their position. The SEC filing for this sale provides additional information. Over 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.

Celestica Trading Up 0.4%

Shares of NYSE:CLS opened at $302.45 on Friday. Celestica, Inc. has a 12-month low of $179.01 and a 12-month high of $474.02. The business has a 50 day moving average of $343.11 and a 200-day moving average of $335.43. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. The stock has a market cap of $34.78 billion, a PE ratio of 31.44 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The company had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The firm’s quarterly revenue was up 62.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.39 earnings per share. 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 9.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CLS. Weiss Ratings downgraded Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. BMO Capital Markets increased their price target on Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Canadian Imperial Bank of Commerce raised their price target on Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. UBS Group reaffirmed a “neutral” rating and set a $410.00 price objective on shares of Celestica in a research report on Wednesday, July 29th. Finally, Citigroup upped their price objective on shares of Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Celestica has an average rating of “Moderate Buy” and a consensus price target of $438.86.

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.