K.J. Harrison & Partners Inc Acquires New Position in Celestica, Inc. $CLS

K.J. Harrison & Partners Inc acquired a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,000 shares of the technology company’s stock, valued at approximately $1,092,000.

A number of other large investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Celestica during the 4th quarter valued at approximately $28,000. Swiss RE Ltd. acquired a new position in Celestica in the fourth quarter worth $29,000. Cullen Frost Bankers Inc. acquired a new position in Celestica in the fourth quarter worth $30,000. Sittner & Nelson LLC bought a new stake in Celestica during the fourth quarter valued at $31,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of Celestica during the first quarter worth $29,000. Institutional investors own 67.38% of the company’s stock.

Celestica Stock Performance

Shares of NYSE CLS opened at $339.20 on Tuesday. Celestica, Inc. has a 1 year low of $173.23 and a 1 year high of $474.02. The firm has a market cap of $39.00 billion, a P/E ratio of 35.26 and a beta of 2.06. The stock has a fifty day moving average price of $347.21 and a two-hundred day moving average price of $335.51. 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 announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The company’s revenue was up 62.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. Research analysts forecast that Celestica, Inc. will post 9.97 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on CLS. TD Cowen upgraded shares of Celestica from a “hold” rating to a “buy” rating and upped their price target for the stock from $350.00 to $430.00 in a research report on Wednesday, April 29th. Scotiabank began coverage on shares of Celestica in a research report on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on shares of Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. TD Securities upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 target price for the company in a research report on Wednesday, April 29th. Finally, Wolfe Research raised 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 equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Celestica has an average rating of “Moderate Buy” and an average target price of $438.86.

Insider Buying and Selling

In related news, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the completion of the sale, the chief financial officer directly owned 65,444 shares of the company’s stock, valued at $24,169,778.08. This represents 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 the SEC website. Also, CEO Robert Mionis sold 23,496 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $362.39, for a total transaction 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. The trade was a 50.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 356,553 shares of company stock worth $135,238,444 over the last quarter. 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.