Celestica, Inc. $CLS Stock Holdings Boosted by HighTower Advisors LLC

HighTower Advisors LLC raised its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 10.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,138 shares of the technology company’s stock after purchasing an additional 1,747 shares during the quarter. HighTower Advisors LLC’s holdings in Celestica were worth $6,616,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of CLS. Renaissance Technologies LLC bought a new position in shares of Celestica in the first quarter valued at approximately $68,952,000. CIBC Asset Management Inc raised its holdings in Celestica by 7.7% during the fourth quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock worth $129,499,000 after purchasing an additional 31,086 shares in the last quarter. Norges Bank bought a new stake in Celestica during the fourth quarter worth approximately $456,511,000. Marietta Investment Partners LLC acquired a new stake in Celestica in the fourth quarter worth approximately $1,273,000. Finally, BW Gestao de Investimentos Ltda. lifted its position in Celestica by 29.9% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 31,179 shares of the technology company’s stock worth $9,217,000 after purchasing an additional 7,179 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.

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 transaction, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mandeep Chawla sold 16,117 shares of Celestica 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 completion of the transaction, the chief financial officer directly owned 65,444 shares in the company, valued at $24,169,778.08. This represents a 19.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 356,553 shares of company stock worth $135,238,444 over the last ninety days. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CLS has been the subject of a number of research reports. Scotiabank began coverage on Celestica in a research note on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 price target for the company. Barclays cut their price objective on Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Zacks Research raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. lifted their target price on Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, Wall Street Zen cut shares of Celestica from a “buy” rating to a “hold” rating in a research report on Sunday, September 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $439.81.

Celestica Trading Down 2.4%

Celestica stock opened at $325.51 on Friday. 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 firm has a market cap of $37.43 billion, a price-to-earnings ratio of 33.84 and a beta of 2.04. Celestica, Inc. has a 1 year low of $227.00 and a 1 year high of $474.02. The firm’s 50 day moving average price is $325.37 and its two-hundred day moving average price is $337.14.

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, beating analysts’ consensus estimates of $2.29 by $0.25. The company had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The company’s quarterly revenue was up 62.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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. On average, research analysts predict that Celestica, Inc. will post 10.71 EPS for the current fiscal year.

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.