5,471 Shares in Celestica, Inc. $CLS Purchased by Readystate Asset Management LP

Readystate Asset Management LP acquired a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 5,471 shares of the technology company’s stock, valued at approximately $1,996,000.

Other hedge funds also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Celestica in the 4th quarter worth approximately $28,000. Ascentis Independent Advisors purchased a new stake in shares of Celestica in the first quarter valued at approximately $29,000. Swiss RE Ltd. purchased a new stake in shares of Celestica in the fourth quarter valued at approximately $29,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Celestica in the fourth quarter valued at approximately $30,000. Finally, Sittner & Nelson LLC acquired a new stake in shares of Celestica in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CLS. Scotiabank began coverage on Celestica in a research report on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 price objective on the stock. Stifel Nicolaus set a $500.00 target price on Celestica in a report on Tuesday, July 28th. Bank of America reaffirmed a “buy” rating on shares of Celestica in a research note on Wednesday, July 29th. Weiss Ratings lowered Celestica from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Finally, UBS Group raised shares of Celestica from a “neutral” rating to a “buy” rating and boosted their price target for the company from $410.00 to $430.00 in a research report on Monday, August 24th. 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’s stock. Based on data from MarketBeat.com, Celestica presently has a consensus rating of “Buy” and an average 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 dated Tuesday, August 4th. The shares were 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 SEC, which can be accessed through the SEC website. Also, CFO Mandeep Chawla sold 17,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the transaction, the chief financial officer directly owned 82,444 shares in the company, valued at $32,948,744.60. The trade was a 17.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 356,553 shares of company stock valued at $135,238,444. Company insiders own 1.10% of the company’s stock.

Celestica Trading Up 0.2%

CLS opened at $312.84 on Tuesday. The stock has a market capitalization of $35.97 billion, a PE ratio of 32.52 and a beta of 2.04. Celestica, Inc. has a one year low of $227.00 and a one year high of $474.02. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. The business’s 50 day moving average price is $326.86 and its 200 day moving average price is $336.35.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results 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 return on equity of 39.96% and a net margin of 7.16%.The company had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter last year, the firm earned $1.39 earnings per share. The firm’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. As a group, equities research analysts expect 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.