Jupiter Topco LLC Takes Position in Celestica, Inc. $CLS

Jupiter Topco LLC purchased a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 2nd quarter, HoldingsChannel reports. The firm purchased 7,600 shares of the technology company’s stock, valued at approximately $2,774,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position 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 valued at $1,081,323,000 after acquiring an additional 3,657,874 shares in the last quarter. Cibc World Market Inc. bought a new stake in Celestica in the second quarter worth approximately $757,811,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Celestica during the 2nd quarter worth $674,199,000. Viking Global Investors LP acquired a new position in shares of Celestica during the 3rd quarter worth $424,459,000. Finally, Norges Bank bought a new position in shares of Celestica during the 4th quarter valued at $456,511,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Trading Down 5.3%

NYSE:CLS opened at $277.04 on Thursday. The company’s 50 day moving average is $328.98 and its 200-day moving average is $335.73. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. Celestica, Inc. has a 12 month low of $199.78 and a 12 month high of $474.02. The firm has a market cap of $31.85 billion, a price-to-earnings ratio of 28.80 and a beta of 2.04.

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 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 business had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the firm earned $1.39 EPS. Celestica’s quarterly 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. Equities analysts anticipate that Celestica, Inc. will post 10.71 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce lifted their price objective on shares of Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Weiss Ratings downgraded shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Wolfe Research raised their target price on Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Barclays reduced their price target on Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Finally, Royal Bank Of Canada set a $450.00 price target on Celestica and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $439.81.

Insider Transactions at Celestica

In other news, CFO Mandeep Chawla sold 16,117 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total value of $5,952,330.44. Following the sale, the chief financial officer directly owned 65,444 shares of the company’s stock, valued at approximately $24,169,778.08. This trade represents a 19.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Mionis sold 23,496 shares of Celestica stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $362.39, for a total value of $8,514,715.44. Following the completion of the transaction, the chief executive officer owned 23,396 shares in the company, valued at $8,478,476.44. The trade was a 50.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 356,553 shares of company stock valued at $135,238,444 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Celestica Company 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.