28,021 Shares in Celestica, Inc. $CLS Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,021 shares of the technology company’s stock, valued at approximately $10,218,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Celestica in the 4th quarter worth approximately $28,000. Swiss RE Ltd. bought a new stake in shares of Celestica in the 4th quarter valued at $29,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Celestica during the fourth quarter worth $30,000. Sittner & Nelson LLC acquired a new stake in shares of Celestica during the fourth quarter worth $31,000. Finally, Ascentis Independent Advisors bought a new position in Celestica during the first quarter worth $29,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Up 0.4%

Shares of NYSE CLS opened at $299.91 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. The firm has a market cap of $34.48 billion, a PE ratio of 31.18 and a beta of 2.06. The company’s fifty day simple moving average is $331.89 and its 200 day simple moving average is $335.74. Celestica, Inc. has a 12-month low of $183.66 and a 12-month high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The firm had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the firm posted $1.39 earnings per share. The business’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. As a group, sell-side analysts forecast that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Mandeep Chawla sold 16,117 shares of the business’s 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 sale, the chief financial officer directly owned 65,444 shares of the company’s stock, valued at $24,169,778.08. The trade was a 19.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert Mionis sold 23,496 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 23,396 shares in the company, valued at approximately $8,478,476.44. This trade represents a 50.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 356,553 shares of company stock valued at $135,238,444. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CLS has been the topic of several recent analyst reports. Barclays dropped their target price on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Wolfe Research lifted their price objective on Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Canadian Imperial Bank of Commerce boosted their price objective on Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. upped their target price on Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada set a $450.00 target price on Celestica and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $439.81.

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.