152,703 Shares in Celestica, Inc. $CLS Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp bought a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, HoldingsChannel.com reports. The fund bought 152,703 shares of the technology company’s stock, valued at approximately $55,706,000.

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

Insider Buying and Selling

In related news, CFO Mandeep Chawla sold 16,117 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the sale, the chief financial officer owned 65,444 shares of the company’s stock, valued at $24,169,778.08. This trade represents a 19.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert Mionis sold 23,496 shares of the business’s stock in a transaction on 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 sale, the chief executive officer owned 23,396 shares in the company, valued at $8,478,476.44. This represents a 50.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 356,553 shares of company stock worth $135,238,444. 1.10% of the stock is currently owned by corporate insiders.

Celestica Price Performance

NYSE:CLS opened at $307.40 on Thursday. Celestica, Inc. has a 12-month low of $183.66 and a 12-month high of $474.02. The firm has a market capitalization of $35.34 billion, a price-to-earnings ratio of 31.95 and a beta of 2.06. The stock’s 50 day moving average price is $336.01 and its two-hundred day moving average price is $335.80. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.25. The business had revenue of $4.68 billion during 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% compared to the same quarter last year. During the same period last 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, analysts anticipate that Celestica, Inc. will post 10.15 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on CLS. Royal Bank Of Canada set a $450.00 price target on Celestica and gave the company an “outperform” rating in a research report on Wednesday. Canadian Imperial Bank of Commerce upped their price objective on Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Zacks Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Citigroup boosted their target price on shares of Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, TD Securities raised shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 price target on the stock in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $439.81.

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.