Northwestern Mutual Wealth Management Co. Has $1.55 Million Stake in Celestica, Inc. $CLS

Northwestern Mutual Wealth Management Co. boosted its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 1,011.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,258 shares of the technology company’s stock after acquiring an additional 3,875 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Celestica were worth $1,553,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, 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 sale, the chief executive officer owned 23,396 shares of the company’s stock, valued at approximately $8,478,476.44. This trade represents a 50.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mandeep Chawla sold 16,117 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the sale, the chief financial officer directly owned 65,444 shares in the company, valued at approximately $24,169,778.08. This trade represents a 19.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 356,553 shares of company stock valued at $135,238,444 over the last three months. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Barclays decreased their price target on Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a report on Friday, August 7th. JPMorgan Chase & Co. lifted their price objective on shares of Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. BWS Financial reiterated a “buy” rating on shares of Celestica in a report on Tuesday, July 28th. Stifel Nicolaus set a $500.00 price target on shares of Celestica in a research report on Tuesday, July 28th. Finally, Wolfe Research boosted their price target on shares of Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating 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. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $439.81.

Celestica Trading Up 1.0%

NYSE CLS opened at $312.84 on Friday. The stock has a market capitalization of $35.97 billion, a price-to-earnings ratio of 32.52 and a beta of 2.04. The business’s fifty day moving average is $327.47 and its 200-day moving average is $335.77. 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, Inc. has a one year low of $227.00 and a one year high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 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 for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The company’s revenue for the quarter 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 research analysts predict that Celestica, Inc. will post 10.71 EPS 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.