PNC Financial Services Group Inc. Purchases 1,525 Shares of Celestica, Inc. $CLS

PNC Financial Services Group Inc. raised its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 15.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 11,596 shares of the technology company’s stock after purchasing an additional 1,525 shares during the period. PNC Financial Services Group Inc.’s holdings in Celestica were worth $3,266,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CLS. Legacy Wealth Managment LLC ID increased its position in shares of Celestica by 14.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock worth $63,000 after buying an additional 28 shares during the period. Capital Planning LLC boosted its position in Celestica by 3.2% during the first quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock valued at $289,000 after acquiring an additional 32 shares during the last quarter. LeConte Wealth Management LLC boosted its position in Celestica by 3.5% during the fourth quarter. LeConte Wealth Management LLC now owns 1,001 shares of the technology company’s stock valued at $296,000 after acquiring an additional 34 shares during the last quarter. PCB Capital LLC grew its holdings in Celestica by 3.5% during the 1st quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock worth $280,000 after acquiring an additional 34 shares during the period. Finally, Oxinas Partners LLC grew its holdings in Celestica by 1.4% during the 4th quarter. Oxinas Partners LLC now owns 2,958 shares of the technology company’s stock worth $874,000 after acquiring an additional 40 shares during the period. 67.38% of the stock is owned by institutional investors.

Celestica Price Performance

CLS stock opened at $348.66 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. The company’s 50-day moving average is $361.83 and its 200-day moving average is $332.91. The stock has a market capitalization of $40.09 billion, a PE ratio of 36.24, a price-to-earnings-growth ratio of 0.74 and a beta of 2.05. Celestica, Inc. has a 1 year low of $173.23 and a 1 year high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. Celestica had a return on equity of 41.69% and a net margin of 7.16%.The business had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the company posted $1.39 EPS. The firm’s 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 research analysts expect that Celestica, Inc. will post 9.57 EPS for the current fiscal year.

Key Celestica News

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Q2 results beat expectations: Revenue rose 62% year over year to approximately $4.70 billion, exceeding estimates near $4.30 billion. Adjusted EPS was $2.54 versus the $2.29 consensus and $1.39 a year earlier. Results were above the high end of management’s own guidance. Celestica Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Raised 2026 guidance: Celestica now expects approximately $20.5 billion in 2026 revenue and $11.30 in EPS, ahead of analyst expectations of roughly $19.2 billion and $10.13, respectively. Third-quarter guidance of $5.3 billion-$5.6 billion in revenue and $2.88-$3.08 in EPS also exceeds consensus estimates. CLS Q2 Earnings Beat Estimates on Strong CCS Demand, Outlook Raised
• Positive Sentiment: Strong forward demand: The Connectivity & Cloud Solutions segment reportedly grew 84% year over year. Management expects hyperscaler mass production and AI infrastructure demand to support faster growth in 2027, with some commentary pointing to growth above 65%. Celestica Q2: 2 Reasons It’s Worth Watching, But Not Buying Yet
• Positive Sentiment: Investor momentum: Shares gained in premarket and after-hours trading following the earnings release, while call-option activity was above its average, suggesting heightened bullish interest. Why Celestica Shares Are Trading Higher

Insider Buying and Selling at Celestica

In other news, CFO Mandeep Chawla sold 17,000 shares of the business’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. The trade was a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert Mionis sold 18,176 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $385.17, for a total value of $7,000,849.92. Following the transaction, the chief executive officer directly owned 60,384 shares in the company, valued at $23,258,105.28. The trade was a 23.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 161,168 shares of company stock valued at $63,190,485. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

CLS has been the topic of a number of recent analyst reports. Bank of America boosted their price objective on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, April 20th. TD Cowen raised Celestica from a “hold” rating to a “buy” rating and raised their target price for the stock from $350.00 to $430.00 in a research note on Wednesday, April 29th. Susquehanna lifted their target price on Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. Royal Bank Of Canada boosted their price target on Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $480.00 price target on shares of Celestica in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $430.32.

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.