Celestica (NYSE:CLS) President Todd Cooper Sells 20,118 Shares of Stock

Celestica, Inc. (NYSE:CLS) (TSE:CLS) President Todd Cooper sold 20,118 shares of Celestica stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $360.00, for a total value of $7,242,480.00. Following the sale, the president directly owned 73,252 shares in the company, valued at approximately $26,370,720. The trade was a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Celestica Stock Up 3.2%

Shares of NYSE:CLS opened at $373.26 on Friday. The firm has a market capitalization of $42.92 billion, a P/E ratio of 38.80 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. The stock has a 50 day moving average price of $324.72 and a 200-day moving average price of $341.70. Celestica, Inc. has a 52-week low of $227.00 and a 52-week high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.25. The company had revenue of $4.68 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned $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. As a group, equities research analysts anticipate that Celestica, Inc. will post 10.71 EPS for the current fiscal year.

Institutional Trading of Celestica

A number of institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC bought a new position in Celestica in the first quarter worth approximately $68,952,000. CIBC Asset Management Inc grew its position 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 acquiring an additional 31,086 shares during the period. Norges Bank bought a new stake in shares of Celestica during the 4th quarter valued at $456,511,000. Marietta Investment Partners LLC purchased a new stake in shares of Celestica in the 4th quarter worth $1,273,000. Finally, BW Gestao de Investimentos Ltda. increased its stake in shares of Celestica by 29.9% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 31,179 shares of the technology company’s stock worth $9,217,000 after purchasing an additional 7,179 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CLS. Zacks Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Wall Street Zen lowered shares of Celestica from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. Royal Bank Of Canada set a $450.00 price target on Celestica and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Weiss Ratings lowered Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Finally, FBN Securities initiated coverage on Celestica in a report on Tuesday, September 15th. They issued an “outperform” rating and a $375.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. According to MarketBeat, Celestica has an average rating of “Buy” and an average price target of $447.19.

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.