Corient Private Wealth LP Makes New Investment in Celestica, Inc. $CLS

Corient Private Wealth LP purchased a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 13,070 shares of the technology company’s stock, valued at approximately $4,768,000.

Several other hedge funds also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its stake in shares of Celestica by 5,806,149.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock worth $1,081,323,000 after buying an additional 3,657,874 shares during the last quarter. Cibc World Market Inc. acquired a new position in shares of Celestica in the 2nd quarter valued at $757,811,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Celestica in the 2nd quarter valued at $674,199,000. Viking Global Investors LP bought a new position in shares of Celestica in the 3rd quarter worth $424,459,000. Finally, Norges Bank bought a new position in shares of Celestica in the 4th quarter worth $456,511,000. Institutional investors own 67.38% of the company’s stock.

Celestica Stock Performance

Shares of Celestica stock opened at $299.91 on Tuesday. The firm has a market cap of $34.48 billion, a price-to-earnings ratio of 31.18 and a beta of 2.06. The stock’s 50-day moving average is $331.89 and its 200-day moving average is $335.74. Celestica, Inc. has a one year low of $183.66 and a one year high of $474.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data 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. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the company earned $1.39 earnings per share. Celestica’s quarterly 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. Equities analysts predict that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the sale, the chief financial officer directly owned 82,444 shares in the company, valued at $32,948,744.60. This trade represents a 17.10% 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 98,453 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was 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. In the last ninety days, insiders have sold 356,553 shares of company stock valued at $135,238,444. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CLS. Wall Street Zen cut Celestica from a “buy” rating to a “hold” rating in a research note on Saturday. Canadian Imperial Bank of Commerce increased their target price on Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Barclays reduced their target price on Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Weiss Ratings lowered Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Finally, Bank of America restated a “buy” rating on shares of Celestica in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $439.81.

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.