Verus Capital Partners LLC Raises Stock Position in Celestica, Inc. $CLS

Verus Capital Partners LLC grew its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 1,086.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 9,495 shares of the technology company’s stock after acquiring an additional 8,695 shares during the period. Verus Capital Partners LLC’s holdings in Celestica were worth $2,675,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CLS. Renaissance Technologies LLC bought a new stake in Celestica during the 1st quarter valued at approximately $68,952,000. CIBC Asset Management Inc boosted its stake in Celestica by 7.7% in the 4th quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock worth $129,499,000 after purchasing an additional 31,086 shares during the period. Norges Bank purchased a new stake in Celestica during the 4th quarter valued at approximately $456,511,000. Marietta Investment Partners LLC bought a new stake in shares of Celestica during the fourth quarter valued at approximately $1,273,000. Finally, BW Gestao de Investimentos Ltda. raised its position in shares of Celestica by 29.9% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 31,179 shares of the technology company’s stock valued at $9,217,000 after buying an additional 7,179 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CLS. TD upped their target price on shares of Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. boosted their price target on shares of Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a research note on Wednesday. Citigroup increased their price objective on shares of Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Rothschild & Co Redburn initiated coverage on Celestica in a research report on Friday, May 1st. They set a “buy” rating and a $460.00 price objective for the company. Finally, Royal Bank Of Canada lifted their target price on Celestica from $440.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $437.00.

Celestica Trading Down 6.2%

CLS stock opened at $330.83 on Friday. The firm has a fifty day moving average price of $360.70 and a 200 day moving average price of $333.53. Celestica, Inc. has a fifty-two week low of $173.23 and a fifty-two week high of $474.02. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.73 and a current ratio of 1.23. The firm has a market cap of $38.04 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 0.78 and a beta of 2.05.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the firm earned $1.39 earnings per share. Celestica’s revenue was up 62.4% on a year-over-year basis. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Sell-side analysts anticipate that Celestica, Inc. will post 9.97 earnings per share for the current fiscal year.

Key Headlines Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Strong Q2 results and higher guidance: Celestica reportedly exceeded revenue and adjusted EPS expectations again, while raising its full-year outlook for the third time in six months. Revenue increased sharply year over year, reinforcing confidence in execution and AI infrastructure demand. Celestica Q2 2026: Beat, Raise, Accelerate, And Still 31% Off The High
• Positive Sentiment: AI-driven growth pipeline: Enterprise revenue growth was especially strong, and management expects further acceleration in 2027. New multibillion-dollar programs tied to OpenAI’s custom accelerator and AMD’s Helios switch could support longer-term revenue and earnings growth. CLS Shows How AI Networking is Reshaping Electronics Manufacturing
• Positive Sentiment: Analyst support remains favorable: The average analyst price target implies approximately 31% upside. More importantly, the article notes broad upward earnings-estimate revisions, which are generally a stronger signal than price-target averages alone. Wall Street Analysts See a 30.96% Upside in Celestica
• Neutral Sentiment: Investor attention is elevated: CLS is attracting substantial retail and market interest following its earnings performance, increasing visibility but potentially also contributing to short-term volatility. Celestica Is Attracting Investor Attention
• Negative Sentiment: Valuation and sector risk are weighing on the stock: After a major AI-related rally, investors may be locking in gains and questioning whether continued earnings growth justifies CLS’s elevated valuation. The broader AI hardware group is also experiencing a pullback or “pause,” which can pressure even companies reporting strong results. Celestica Q2: Showing Strength Amid The AI Pause

Insider Transactions at Celestica

In related news, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total value of $1,389,236.08. Following the completion of the transaction, the director owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. This trade represents a 14.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert Mionis sold 18,176 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $385.17, for a total transaction of $7,000,849.92. Following the completion of the transaction, the chief executive officer directly owned 60,384 shares of the company’s stock, valued at approximately $23,258,105.28. The trade was a 23.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 161,168 shares of company stock worth $63,190,485 in the last three months. 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.