Ninepoint Partners LP Buys New Holdings in Celestica, Inc. $CLS

Ninepoint Partners LP acquired a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,894 shares of the technology company’s stock, valued at approximately $2,880,000.

Several other institutional investors have also bought and sold shares of CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Celestica in the 4th quarter valued at $28,000. Ascentis Independent Advisors acquired a new stake in shares of Celestica in the first quarter valued at approximately $29,000. Swiss RE Ltd. bought a new stake in shares of Celestica during the fourth quarter worth $29,000. Cullen Frost Bankers Inc. acquired a new position in shares of Celestica during the fourth quarter valued at $30,000. Finally, Sittner & Nelson LLC bought a new position in Celestica in the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Performance

Shares of NYSE:CLS opened at $302.45 on Friday. The company has a market capitalization of $34.78 billion, a price-to-earnings ratio of 31.44 and a beta of 2.06. The firm’s 50 day simple moving average is $343.11 and its 200 day simple moving average is $335.43. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68. Celestica, Inc. has a fifty-two week low of $179.01 and a fifty-two week high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. The firm had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business’s revenue for the quarter was up 62.4% on a year-over-year basis. During the same quarter in the previous 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, sell-side analysts forecast that Celestica, Inc. will post 9.97 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on CLS shares. Stifel Nicolaus set a $500.00 price objective on Celestica in a report on Tuesday, July 28th. Weiss Ratings lowered shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Rothschild & Co Redburn assumed coverage on shares of Celestica in a research note on Friday, May 1st. They set a “buy” rating and a $460.00 price target for the company. Bank of America restated a “buy” rating on shares of Celestica in a report on Wednesday, July 29th. Finally, Scotiabank initiated coverage on shares of Celestica in a research report on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $438.86.

Insider Activity at Celestica

In related news, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was 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. This represents a 17.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert Mionis sold 98,453 shares of the firm’s 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 356,553 shares of company stock valued at $135,238,444 over the last quarter. 1.10% of the stock is owned by insiders.

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.