Connor Clark & Lunn Investment Management Ltd. Buys New Shares in Celestica, Inc. $CLS

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 2nd quarter, Holdings Channel reports. The firm purchased 1,846,032 shares of the technology company’s stock, valued at approximately $674,199,000. Celestica makes up about 1.3% of Connor Clark & Lunn Investment Management Ltd.’s portfolio, making the stock its 16th biggest holding.

Other institutional investors and hedge funds 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 shares of Celestica during the 4th quarter worth about $28,000. Ascentis Independent Advisors acquired a new stake in shares of Celestica in the first quarter valued at about $29,000. Swiss RE Ltd. bought a new stake in Celestica during the fourth quarter worth about $29,000. Cullen Frost Bankers Inc. acquired a new position in Celestica during the fourth quarter valued at approximately $30,000. Finally, Sittner & Nelson LLC acquired a new position in Celestica during the fourth quarter valued at approximately $31,000. 67.38% of the stock is owned by institutional investors.

Insider Buying and Selling at Celestica

In other Celestica news, CFO Mandeep Chawla sold 16,117 shares of the company’s stock in a transaction 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 transaction, the chief financial officer directly owned 65,444 shares in the company, valued at $24,169,778.08. The trade was a 19.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert Mionis sold 23,496 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the completion of the transaction, the chief executive officer directly owned 23,396 shares in the company, valued at $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 a total of 356,553 shares of company stock valued at $135,238,444 in the last ninety days. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Zacks Research raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Canadian Imperial Bank of Commerce raised their target price on shares of Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. UBS Group upgraded shares of Celestica from a “neutral” rating to a “buy” rating and set a $430.00 target price on the stock in a report on Monday. Citigroup upped their price target on shares of Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Wolfe Research increased their price target on shares of Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $439.81.

Celestica Price Performance

NYSE:CLS opened at $296.03 on Monday. Celestica, Inc. has a 12-month low of $179.01 and a 12-month high of $474.02. The firm has a market capitalization of $34.04 billion, a price-to-earnings ratio of 30.77 and a beta of 2.06. 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 quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.29 by $0.25. The company had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The firm’s revenue for the quarter was up 62.4% compared to the same quarter last year. During the same period in the previous year, the company posted $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. On average, analysts anticipate that Celestica, Inc. will post 10.15 earnings per share for the current year.

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.