Celestica (NYSE:CLS) CEO Robert Mionis Sells 55,768 Shares of Stock

Celestica, Inc. (NYSE:CLS) (TSE:CLS) CEO Robert Mionis sold 55,768 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $386.96, for a total transaction of $21,579,985.28. Following the sale, the chief executive officer owned 78,560 shares of the company’s stock, valued at $30,399,577.60. This represents a 41.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Robert Mionis also recently made the following trade(s):

• On Monday, June 15th, Robert Mionis sold 66,056 shares of Celestica stock. The shares were sold at an average price of $400.06, for a total transaction of $26,426,363.36.
• On Wednesday, June 17th, Robert Mionis sold 18,176 shares of Celestica stock. The shares were sold at an average price of $385.17, for a total transaction of $7,000,849.92.

Celestica Stock Down 0.4%

Shares of Celestica stock opened at $380.31 on Thursday. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36. The company’s fifty day simple moving average is $380.87 and its two-hundred day simple moving average is $325.89. The company has a market cap of $43.72 billion, a P/E ratio of 45.99, a PEG ratio of 0.89 and a beta of 2.02. Celestica, Inc. has a 12-month low of $130.68 and a 12-month high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.08. The business had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The company’s quarterly revenue was up 52.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.20 EPS. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Research analysts anticipate that Celestica, Inc. will post 9.5 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Royal Bank Of Canada boosted their price objective on shares of Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Stifel Nicolaus set a $445.00 price objective on shares of Celestica in a research report on Tuesday, April 28th. JPMorgan Chase & Co. boosted their price objective on shares of Celestica from $410.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Bank of America upped their target price on shares of Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Finally, TD Securities raised shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 target price on the stock in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Celestica currently has an average rating of “Moderate Buy” and a consensus target price of $427.42.

Trending Headlines about Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Celestica continues to attract investor attention, and Zacks highlighted CLS as one of several GARP stocks with solid growth prospects and attractive valuation. Add These 4 GARP Stocks to Your Portfolio to Receive Handsome Returns
• Positive Sentiment: Another Zacks note said CLS has been showing up frequently in investor searches, which can reflect heightened interest in the stock and ongoing bullish speculation. Celestica, Inc. (CLS) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: A Yahoo Finance piece pointed to Celestica as a potential beneficiary of surging data-center demand, a broader industry tailwind that could support its long-term growth outlook. 3 TSX Stocks That Could Benefit From Surging Data Centre Demand
• Neutral Sentiment: Separately, a GlobeNewswire release about “CLS Living” expanding its property portfolio appears unrelated to Celestica, so it likely has little to no impact on the stock. CLS Living Expands National Portfolio with Eight New Communities Under Management
• Negative Sentiment: CEO Robert Mionis sold multiple blocks of Celestica shares, including a large June 16 sale and another June 17 sale, signaling significant insider selling that may raise caution among investors. SEC filing for Robert Mionis sale
• Negative Sentiment: CFO Mandeep Chawla also sold shares on June 15, adding to the impression that company insiders may be taking profits after the stock’s strong run. SEC filing for Mandeep Chawla sale

Institutional Trading of Celestica

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Legacy Wealth Managment LLC ID grew its position in shares of Celestica by 14.4% in the 1st 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. Pinney & Scofield Inc. grew its position in shares of Celestica by 20.0% in the 3rd quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock worth $44,000 after buying an additional 30 shares during the period. Capital Planning LLC grew its position in shares of Celestica by 3.2% in the 1st quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock worth $289,000 after buying an additional 32 shares during the period. LeConte Wealth Management LLC grew its position in shares of Celestica by 3.5% in the 4th quarter. LeConte Wealth Management LLC now owns 1,001 shares of the technology company’s stock worth $296,000 after buying an additional 34 shares during the period. Finally, PCB Capital LLC grew its position in shares of Celestica by 3.5% in the 1st quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock worth $280,000 after buying an additional 34 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

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.