Carmignac Gestion Takes $70.48 Million Position in Celestica, Inc. $CLS

Carmignac Gestion bought a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 193,200 shares of the technology company’s stock, valued at approximately $70,479,000. Celestica comprises about 0.9% of Carmignac Gestion’s holdings, making the stock its 26th largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Legacy Wealth Managment LLC ID boosted its stake in Celestica by 14.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock valued at $63,000 after acquiring an additional 28 shares in the last quarter. Capital Planning LLC grew its holdings in shares of Celestica by 3.2% during the first quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock worth $289,000 after purchasing an additional 32 shares during the last quarter. PCB Capital LLC increased its position in shares of Celestica by 3.5% during the first quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock worth $280,000 after purchasing an additional 34 shares in the last quarter. Avantax Planning Partners Inc. increased its position in shares of Celestica by 2.7% during the fourth quarter. Avantax Planning Partners Inc. now owns 1,528 shares of the technology company’s stock worth $452,000 after purchasing an additional 40 shares in the last quarter. Finally, XML Financial LLC lifted its holdings in shares of Celestica by 1.5% in the 2nd quarter. XML Financial LLC now owns 2,640 shares of the technology company’s stock valued at $963,000 after purchasing an additional 40 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on CLS shares. Bank of America reissued a “buy” rating on shares of Celestica in a research report on Wednesday, July 29th. UBS Group upgraded Celestica from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $410.00 to $430.00 in a research note on Monday, August 24th. Wolfe Research increased their price objective on Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Wall Street Zen lowered shares of Celestica from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Stifel Nicolaus set a $500.00 target price on shares of Celestica in a research report on Tuesday, July 28th. One equities research 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. Based on data from MarketBeat.com, Celestica presently has an average rating of “Buy” and a consensus price target of $439.81.

Celestica Stock Performance

Shares of CLS traded up $18.06 during mid-day trading on Tuesday, hitting $330.41. 2,981,715 shares of the company’s stock were exchanged, compared to its average volume of 2,445,990. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. Celestica, Inc. has a fifty-two week low of $227.00 and a fifty-two week high of $474.02. The business’s 50 day moving average is $326.86 and its two-hundred day moving average is $336.35. The firm has a market capitalization of $37.99 billion, a P/E ratio of 34.35 and a beta of 2.04.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.25. The firm had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The firm’s revenue for the quarter was up 62.4% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, equities analysts expect that Celestica, Inc. will post 10.71 earnings per share for the current year.

Insider Activity at Celestica

In other news, CFO Mandeep Chawla sold 17,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the sale, the chief financial officer owned 82,444 shares in the company, valued at $32,948,744.60. This represents a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert Mionis sold 98,453 shares of the stock in a transaction 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 356,553 shares of company stock worth $135,238,444 over the last quarter. Company 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.