Quantbot Technologies LP Takes $1.26 Million Position in Celestica, Inc. $CLS

Quantbot Technologies LP purchased a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 3,458 shares of the technology company’s stock, valued at approximately $1,261,000.

Several other large investors have also recently made changes to their positions in CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Celestica in the 4th quarter valued at $28,000. Ascentis Independent Advisors acquired a new stake in Celestica during the 1st quarter worth $29,000. Swiss RE Ltd. purchased a new stake in shares of Celestica during the fourth quarter worth $29,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Celestica during the fourth quarter worth $30,000. Finally, Sittner & Nelson LLC acquired a new stake in shares of Celestica in the fourth quarter valued at about $31,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wolfe Research raised their price target on shares of Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Bank of America reaffirmed a “buy” rating on shares of Celestica in a research note on Wednesday, July 29th. Scotiabank assumed coverage on shares of Celestica in a research note on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 target price on the stock. Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Finally, UBS Group upgraded Celestica from a “neutral” rating to a “buy” rating and upped their price target for the company from $410.00 to $430.00 in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Celestica has an average rating of “Buy” and a consensus target price of $439.81.

Insider Buying and Selling

In related news, CEO Robert Mionis sold 98,453 shares of the stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mandeep Chawla sold 17,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was 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 of the company’s stock, valued at approximately $32,948,744.60. This trade represents a 17.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 356,553 shares of company stock worth $135,238,444 over the last quarter. 1.10% of the stock is currently owned by insiders.

Celestica Price Performance

Shares of CLS stock opened at $306.89 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68. The company has a market capitalization of $35.29 billion, a PE ratio of 31.90 and a beta of 2.06. The firm’s 50-day moving average is $337.47 and its two-hundred day moving average is $335.71. Celestica, Inc. has a 12 month low of $183.66 and a 12 month high of $474.02.

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 the consensus estimate of $2.29 by $0.25. The business had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business’s revenue for the quarter was up 62.4% on a year-over-year basis. During the same quarter in the prior 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. 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.