Public Employees Retirement System of Ohio Has $5.72 Million Stock Position in Celestica, Inc. $CLS

Public Employees Retirement System of Ohio lowered its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 42.5% during the first quarter, Holdings Channel reports. The firm owned 20,334 shares of the technology company’s stock after selling 15,038 shares during the period. Public Employees Retirement System of Ohio’s holdings in Celestica were worth $5,723,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CLS. Northwestern Mutual Wealth Management Co. grew its stake in 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 in the last quarter. Viking Global Investors LP acquired a new position in shares of Celestica in the 3rd quarter valued at approximately $424,459,000. Norges Bank acquired a new position in shares of Celestica in the 4th quarter valued at approximately $456,511,000. AQR Capital Management LLC bought a new stake in shares of Celestica during the 4th quarter worth approximately $315,497,000. Finally, JPMorgan Chase & Co. lifted 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. Institutional investors and hedge funds own 67.38% of the company’s stock.

Insider Buying and Selling at Celestica

In other Celestica news, CEO Robert Mionis sold 18,176 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $385.17, for a total value of $7,000,849.92. Following the sale, the chief executive officer owned 60,384 shares in the company, valued at $23,258,105.28. This trade represents a 23.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Mandeep Chawla sold 17,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer directly owned 82,444 shares in the company, valued at approximately $32,948,744.60. The trade was a 17.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 161,168 shares of company stock worth $63,190,485 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Key Stories Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Q2 results beat expectations: Revenue rose 62% year over year to approximately $4.70 billion, exceeding estimates near $4.30 billion. Adjusted EPS was $2.54 versus the $2.29 consensus and $1.39 a year earlier. Results were above the high end of management’s own guidance. Celestica Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Raised 2026 guidance: Celestica now expects approximately $20.5 billion in 2026 revenue and $11.30 in EPS, ahead of analyst expectations of roughly $19.2 billion and $10.13, respectively. Third-quarter guidance of $5.3 billion-$5.6 billion in revenue and $2.88-$3.08 in EPS also exceeds consensus estimates. CLS Q2 Earnings Beat Estimates on Strong CCS Demand, Outlook Raised
• Positive Sentiment: Strong forward demand: The Connectivity & Cloud Solutions segment reportedly grew 84% year over year. Management expects hyperscaler mass production and AI infrastructure demand to support faster growth in 2027, with some commentary pointing to growth above 65%. Celestica Q2: 2 Reasons It’s Worth Watching, But Not Buying Yet
• Positive Sentiment: Investor momentum: Shares gained in premarket and after-hours trading following the earnings release, while call-option activity was above its average, suggesting heightened bullish interest. Why Celestica Shares Are Trading Higher

Celestica Stock Up 9.6%

CLS stock opened at $348.66 on Wednesday. The stock has a market capitalization of $40.09 billion, a P/E ratio of 36.24, a price-to-earnings-growth ratio of 0.74 and a beta of 2.05. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36. Celestica, Inc. has a 12 month low of $173.23 and a 12 month high of $474.02. The firm has a 50-day moving average price of $361.83 and a 200-day moving average price of $332.91.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share 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 net margin of 7.16% and a return on equity of 41.69%. The firm’s quarterly revenue was up 62.4% compared to the same quarter last year. During the same period last year, the company posted $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 research analysts anticipate that Celestica, Inc. will post 9.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CLS has been the topic of several analyst reports. Royal Bank Of Canada increased their price target on shares of Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Barclays boosted their price objective on shares of Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group restated a “buy” rating and set a $475.00 target price on shares of Celestica in a research note on Tuesday, April 28th. TD Cowen raised Celestica from a “hold” rating to a “buy” rating and raised their target price for the company from $350.00 to $430.00 in a report on Wednesday, April 29th. Finally, Susquehanna lifted their price target on Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $430.32.

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.