Celestica (NYSE:CLS) Shares Down 2.2% Following Insider Selling

Celestica, Inc. (NYSE:CLS) (TSE:CLS) was down 2.2% during trading on Friday following insider selling activity. The company traded as low as $365.01 and last traded at $365.24. Approximately 2,226,316 shares traded hands during trading, a decline of 8% from the average session volume of 2,426,083 shares. The stock had previously closed at $373.56.

Specifically, CEO Robert Mionis sold 23,396 shares of the business’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $364.22, for a total transaction of $8,521,291.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Todd Cooper sold 20,118 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $360.00, for a total transaction of $7,242,480.00. Following the completion of the sale, the president directly owned 73,252 shares of the company’s stock, valued at $26,370,720. The trade was a 21.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CLS shares. JPMorgan Chase & Co. lifted their price target on shares of Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Weiss Ratings downgraded Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Wolfe Research lifted their target price on Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. FBN Securities began coverage on Celestica in a research note on Tuesday, September 15th. They issued an “outperform” rating and a $375.00 target price for the company. Finally, Scotiabank assumed coverage on Celestica in a report on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $447.19.

Celestica Stock Performance

The stock has a fifty day simple moving average of $324.72 and a 200-day simple moving average of $341.70. The stock has a market cap of $42.00 billion, a P/E ratio of 37.97 and a beta of 2.04. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating 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 company’s quarterly revenue was up 62.4% compared to the same quarter last year. During the same period in the previous year, the company posted $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. On average, equities analysts expect that Celestica, Inc. will post 10.71 earnings per share for the current year.

Institutional Investors Weigh In On Celestica

Several institutional investors have recently bought and sold shares of CLS. Legacy Wealth Managment LLC ID grew its position in Celestica by 14.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock valued at $63,000 after purchasing an additional 28 shares during the period. Capital Planning LLC grew its position in Celestica by 3.2% in the 1st quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock worth $289,000 after purchasing an additional 32 shares in the last quarter. PCB Capital LLC increased its position in shares of Celestica by 3.5% during the first quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock valued at $280,000 after acquiring an additional 34 shares during the last quarter. XML Financial LLC lifted its holdings in Celestica by 1.5% during the second quarter. XML Financial LLC now owns 2,640 shares of the technology company’s stock worth $963,000 after acquiring an additional 40 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in Celestica by 0.9% in the second quarter. Sequoia Financial Advisors LLC now owns 4,363 shares of the technology company’s stock worth $1,592,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.