Insider Selling: Celestica (NYSE:CLS) CEO Sells 55,768 Shares of Stock

Celestica, Inc. (NYSE:CLS) (TSE:CLS) CEO Robert Mionis sold 55,768 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $386.96, for a total transaction of $21,579,985.28. Following the sale, the chief executive officer directly owned 78,560 shares of the company’s stock, valued at approximately $30,399,577.60. The trade was a 41.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Robert Mionis also recently made the following trade(s):

• On Monday, June 15th, Robert Mionis sold 66,056 shares of Celestica stock. The shares were sold at an average price of $400.06, for a total transaction of $26,426,363.36.
• On Wednesday, June 17th, Robert Mionis sold 18,176 shares of Celestica stock. The stock was sold at an average price of $385.17, for a total transaction of $7,000,849.92.

Celestica Trading Down 0.4%

CLS stock traded down $1.70 during mid-day trading on Wednesday, reaching $380.31. The company had a trading volume of 1,189,950 shares, compared to its average volume of 2,133,640. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. The firm has a 50 day moving average of $380.87 and a 200 day moving average of $325.89. Celestica, Inc. has a 12 month low of $130.68 and a 12 month high of $474.02. The company has a market capitalization of $43.72 billion, a PE ratio of 45.99, a price-to-earnings-growth ratio of 0.89 and a beta of 2.02.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CLS shares. TD Cowen upgraded shares of Celestica from a “hold” rating to a “buy” rating and raised their target price for the company from $350.00 to $430.00 in a research note on Wednesday, April 29th. JPMorgan Chase & Co. raised their price target on shares of Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Susquehanna raised their price target on shares of Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. Rothschild & Co Redburn initiated coverage on shares of Celestica in a report on Friday, May 1st. They set a “buy” rating and a $460.00 target price for the company. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $480.00 target price on shares of Celestica in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $427.42.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Celestica during the fourth quarter worth $28,000. Ascentis Independent Advisors purchased a new position in shares of Celestica during the first quarter worth $29,000. Swiss RE Ltd. purchased a new position in shares of Celestica during the fourth quarter worth $29,000. Cullen Frost Bankers Inc. acquired a new stake in Celestica during the fourth quarter valued at $30,000. Finally, Sittner & Nelson LLC acquired a new stake in Celestica during the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

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.