27,400 Shares in Celestica, Inc. $CLS Bought by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co acquired a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,400 shares of the technology company’s stock, valued at approximately $9,989,000.

A number of other institutional investors have also added to or reduced their stakes in CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Celestica during the 4th quarter valued at $28,000. Ascentis Independent Advisors purchased a new stake in Celestica during 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. bought a new stake in Celestica during the fourth quarter worth about $30,000. Finally, Sittner & Nelson LLC purchased a new position in shares of Celestica in the 4th quarter worth about $31,000. 67.38% of the stock is currently owned by institutional investors.

Insider Activity at Celestica

In related news, CFO Mandeep Chawla sold 17,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the transaction, the chief financial officer owned 82,444 shares in the company, valued at $32,948,744.60. This represents a 17.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert Mionis sold 98,453 shares of Celestica stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total transaction of $36,328,172.47. The disclosure for this sale is available in the SEC filing. Insiders have sold 356,553 shares of company stock worth $135,238,444 over the last three months. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

CLS has been the topic of a number of research reports. Canadian Imperial Bank of Commerce raised their price objective on Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Rothschild & Co Redburn began coverage on shares of Celestica in a research note on Friday, May 1st. They set a “buy” rating and a $460.00 price target on the stock. TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and upped their price objective for the company from $350.00 to $430.00 in a research note on Wednesday, April 29th. Scotiabank initiated coverage on shares of Celestica in a research report on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 target price on the stock. Finally, Zacks Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $439.81.

Celestica Price Performance

CLS stock opened at $296.03 on Monday. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average price is $341.15 and its two-hundred day moving average price is $335.51. The stock has a market capitalization of $34.04 billion, a price-to-earnings ratio of 30.77 and a beta of 2.06. Celestica, Inc. has a 12-month low of $179.01 and a 12-month high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last announced 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. The company 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%.Celestica’s revenue was up 62.4% compared to the same quarter last year. During the same quarter in the previous year, the business 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, equities analysts predict that Celestica, Inc. will post 10.15 earnings per share for the current year.

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.