Spark Investment Management LLC Invests $1.09 Million in Celestica, Inc. $CLS

Spark Investment Management LLC purchased a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,000 shares of the technology company’s stock, valued at approximately $1,093,000. Celestica comprises about 2.1% of Spark Investment Management LLC’s portfolio, making the stock its 11th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Carmignac Gestion bought a new stake in shares of Celestica in the 2nd quarter valued at approximately $70,479,000. Nykredit A S purchased a new stake in shares of Celestica in the second quarter valued at $9,281,000. Parkside Financial Bank & Trust lifted its holdings in shares of Celestica by 245.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 197 shares of the technology company’s stock worth $72,000 after acquiring an additional 140 shares during the last quarter. Corient Private Wealth LP boosted its stake in shares of Celestica by 30.8% during the 2nd quarter. Corient Private Wealth LP now owns 12,654 shares of the technology company’s stock worth $4,616,000 after purchasing an additional 2,981 shares during the period. Finally, Amundi grew its holdings in Celestica by 49.5% during the 2nd quarter. Amundi now owns 319,304 shares of the technology company’s stock valued at $116,501,000 after purchasing an additional 105,752 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Stock Up 5.8%

NYSE CLS traded up $18.06 on Tuesday, reaching $330.41. 2,981,715 shares of the stock traded hands, compared to its average volume of 2,445,990. Celestica, Inc. has a 12 month low of $227.00 and a 12 month high of $474.02. The company has a market cap of $37.99 billion, a price-to-earnings ratio of 34.35 and a beta of 2.04. The company has a fifty day moving average price of $326.86 and a 200-day moving average price of $336.35. 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 posted its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The business had revenue of $4.68 billion for 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 business’s revenue was up 62.4% compared to the same quarter last year. During the same quarter in the prior year, the company 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, research analysts forecast that Celestica, Inc. will post 10.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CLS shares. JPMorgan Chase & Co. raised 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. Royal Bank Of Canada set a $450.00 price target on Celestica and gave the stock an “outperform” rating in a report on Wednesday, August 26th. Wolfe Research boosted their price objective on Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Scotiabank began coverage on Celestica in a research note on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 target price on the stock. Finally, Barclays lowered their target price on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. 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 data from MarketBeat, Celestica currently has an average rating of “Buy” and an average target price of $439.81.

Insider Activity

In other news, CEO Robert Mionis sold 98,453 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total value of $36,328,172.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer owned 82,444 shares in the company, valued at approximately $32,948,744.60. This represents a 17.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 356,553 shares of company stock worth $135,238,444. 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.