Sanctuary Advisors LLC Acquires New Stake in Celestica, Inc. $CLS

Sanctuary Advisors LLC bought a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 34,994 shares of the technology company’s stock, valued at approximately $12,763,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Celestica during the fourth quarter worth about $28,000. Ascentis Independent Advisors bought a new stake in Celestica in the first quarter worth about $29,000. Swiss RE Ltd. acquired a new stake in Celestica in the 4th quarter valued at about $29,000. Cullen Frost Bankers Inc. acquired a new stake in Celestica in the 4th quarter valued at about $30,000. Finally, Sittner & Nelson LLC bought a new position in shares of Celestica during the 4th quarter valued at about $31,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Weiss Ratings lowered shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Bank of America restated a “buy” rating on shares of Celestica in a report on Wednesday, July 29th. Susquehanna lifted their price target 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. Finally, TD Cowen raised Celestica from a “hold” rating to a “buy” rating and upped their price target for the company from $350.00 to $430.00 in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $439.81.

Celestica Price Performance

NYSE CLS opened at $296.03 on Monday. The stock’s 50-day moving average price is $341.15 and its two-hundred day moving average price is $335.51. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The company has a market cap of $34.04 billion, a PE ratio of 30.77 and a beta of 2.06. Celestica, Inc. has a 1 year low of $179.01 and a 1 year high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The company had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the firm earned $1.39 earnings per share. The business’s quarterly revenue was up 62.4% on a year-over-year basis. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. On average, analysts predict that Celestica, Inc. will post 10.15 EPS for the current year.

Insider Buying and Selling

In related news, CFO Mandeep Chawla sold 16,117 shares of the firm’s 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 transaction, the chief financial officer owned 65,444 shares of the company’s stock, valued at approximately $24,169,778.08. This trade represents a 19.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert Mionis sold 23,496 shares of Celestica stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the transaction, the chief executive officer owned 23,396 shares in the company, valued at approximately $8,478,476.44. The trade was a 50.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 356,553 shares of company stock worth $135,238,444 in the last 90 days. 1.10% of the stock is owned by company 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.