Diversify Advisory Services LLC Makes New $4.55 Million Investment in Celestica, Inc. $CLS

Diversify Advisory Services LLC bought a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 14,311 shares of the technology company’s stock, valued at approximately $4,554,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Celestica by 5,806,149.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after acquiring an additional 3,657,874 shares in the last quarter. Viking Global Investors LP bought a new position in Celestica during the third quarter worth $424,459,000. Norges Bank bought a new position in Celestica during the fourth quarter worth $456,511,000. AQR Capital Management LLC acquired a new stake in Celestica in the fourth quarter worth $315,497,000. Finally, JPMorgan Chase & Co. grew its holdings in Celestica by 24.8% in the fourth quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock worth $1,187,650,000 after purchasing an additional 798,782 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Trading Down 8.8%

NYSE:CLS opened at $310.37 on Wednesday. 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 one year low of $173.23 and a one year high of $474.02. The company has a market cap of $35.69 billion, a PE ratio of 32.26 and a beta of 2.06. The firm has a 50-day moving average of $346.00 and a 200-day moving average of $335.26.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.25. The business had revenue of $4.68 billion for 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 firm’s revenue for the quarter was up 62.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.39 EPS. 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, equities research analysts expect that Celestica, Inc. will post 9.97 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Wolfe Research raised their target price on Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Weiss Ratings lowered Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $475.00 price target on shares of Celestica in a research note on Tuesday, April 28th. Finally, Rothschild & Co Redburn assumed coverage on Celestica in a report on Friday, May 1st. They issued a “buy” rating and a $460.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $438.86.

Insider Activity at Celestica

In related news, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the transaction, the chief financial officer owned 65,444 shares of the company’s stock, valued at $24,169,778.08. The trade was a 19.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert Mionis sold 23,496 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $362.39, for a total value of $8,514,715.44. Following the sale, the chief executive officer owned 23,396 shares of the company’s stock, valued at $8,478,476.44. This trade represents a 50.11% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 356,553 shares of company stock valued at $135,238,444. Company insiders own 1.10% of the company’s stock.

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.