Celestica, Inc. $CLS Shares Sold by Mufg Securities Canada LTD.

Mufg Securities Canada LTD. reduced its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 4.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 162,633 shares of the technology company’s stock after selling 7,809 shares during the quarter. Celestica makes up approximately 1.6% of Mufg Securities Canada LTD.’s investment portfolio, making the stock its 22nd largest position. Mufg Securities Canada LTD.’s holdings in Celestica were worth $59,218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CLS. JPMorgan Chase & Co. raised its holdings in shares of Celestica by 24.8% during the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock worth $1,187,650,000 after acquiring an additional 798,782 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Celestica by 5,806,149.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after purchasing an additional 3,657,874 shares during the period. Franklin Resources Inc. grew its holdings in shares of Celestica by 18.6% in the fourth quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock valued at $673,471,000 after purchasing an additional 356,797 shares during the period. Cibc World Market Inc. increased its position in Celestica by 30.6% during the fourth quarter. Cibc World Market Inc. now owns 2,265,680 shares of the technology company’s stock worth $670,279,000 after purchasing an additional 530,535 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Celestica during the second quarter worth about $674,199,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Up 0.4%

Shares of CLS opened at $299.91 on Tuesday. The company’s 50-day moving average price is $331.89 and its 200 day moving average price is $335.74. Celestica, Inc. has a 12-month low of $183.66 and a 12-month high of $474.02. 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 has a market cap of $34.48 billion, a P/E ratio of 31.18 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last announced its 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. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The company had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the firm posted $1.39 earnings per share. Celestica’s revenue was up 62.4% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. On average, sell-side analysts forecast that Celestica, Inc. will post 10.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Wall Street Zen lowered shares of Celestica from a “buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. raised their price target on shares of Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Stifel Nicolaus set a $500.00 price target on shares of Celestica in a research report on Tuesday, July 28th. Wolfe Research upped their price objective on Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Finally, Canadian Imperial Bank of Commerce increased their price objective on Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Celestica currently has an average rating of “Buy” and a consensus price target of $439.81.

Insiders Place Their Bets

In related news, 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 value of $36,328,172.47. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Mandeep Chawla sold 17,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer owned 82,444 shares of the company’s stock, valued at $32,948,744.60. This trade represents a 17.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 356,553 shares of company stock worth $135,238,444 over the last 90 days. 1.10% of the stock is owned by insiders.

Celestica Profile

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.