Celestica (NYSE:CLS) CFO Sells $6,794,050.00 in Stock

Celestica, Inc. (NYSE:CLS) (TSE:CLS) CFO Mandeep Chawla sold 17,000 shares of the firm’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 owned 82,444 shares of the company’s stock, valued at $32,948,744.60. This trade represents a 17.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Celestica Stock Performance

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

Celestica (NYSE:CLS) (TSE:CLS) last announced 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. The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The firm’s quarterly revenue was up 52.8% compared to the same quarter last year. During the same period last year, the firm posted $1.20 earnings per share. 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, sell-side analysts expect that Celestica, Inc. will post 9.5 earnings per share for the current year.

Hedge Funds Weigh In On Celestica

Hedge funds and other institutional investors have recently bought and sold shares of the company. Spark Investment Management LLC lifted its holdings in Celestica by 17.4% in the third quarter. Spark Investment Management LLC now owns 27,000 shares of the technology company’s stock valued at $6,643,000 after buying an additional 4,000 shares during the period. Spire Wealth Management grew its position in shares of Celestica by 354.3% during the 4th quarter. Spire Wealth Management now owns 5,979 shares of the technology company’s stock valued at $1,767,000 after acquiring an additional 4,663 shares during the period. William Blair Investment Management LLC purchased a new stake in shares of Celestica during the 3rd quarter valued at approximately $28,924,000. CIBC Asset Management Inc lifted its stake in shares of Celestica by 7.7% during the 4th quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock valued at $129,499,000 after buying an additional 31,086 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Celestica during the 4th quarter valued at approximately $456,511,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CLS. Zacks Research lowered shares of Celestica from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. The Goldman Sachs Group restated a “buy” rating and issued a $475.00 target price on shares of Celestica in a research report on Tuesday, April 28th. Wolfe Research upgraded shares of Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th. Barclays raised their target price on shares of Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of Celestica from $410.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. One investment 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $427.42.

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.