Pinnbrook Capital Management LP Makes New $2.04 Million Investment in Celestica, Inc. $CLS

Pinnbrook Capital Management LP acquired a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,600 shares of the technology company’s stock, valued at approximately $2,043,000.

A number of other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Celestica by 5,806,149.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after purchasing an additional 3,657,874 shares during the period. Viking Global Investors LP purchased a new stake in Celestica during the 3rd quarter worth $424,459,000. Norges Bank acquired a new position in Celestica in the 4th quarter worth $456,511,000. AQR Capital Management LLC acquired a new position in Celestica in the 4th quarter worth $315,497,000. Finally, JPMorgan Chase & Co. lifted its holdings in Celestica by 24.8% in the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock worth $1,187,650,000 after buying an additional 798,782 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on CLS shares. Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Royal Bank Of Canada increased their price target on Celestica from $440.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. raised their price objective on Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Stifel Nicolaus set a $500.00 target price on Celestica in a research report on Tuesday, July 28th. Finally, Citigroup increased their target price on Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Celestica currently has a consensus rating of “Moderate Buy” and a consensus target price of $438.86.

Insider Transactions at Celestica

In related news, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction dated Tuesday, August 4th. The shares were 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 in the company, valued at $24,169,778.08. This represents a 19.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert Mionis sold 23,496 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the sale, the chief executive officer owned 23,396 shares in the company, valued at approximately $8,478,476.44. This trade represents a 50.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 356,553 shares of company stock valued at $135,238,444. Insiders own 1.10% of the company’s stock.

Celestica Stock Performance

CLS stock opened at $296.03 on Friday. The stock’s 50 day simple moving average is $341.15 and its 200 day simple moving average is $335.16. Celestica, Inc. has a 12-month low of $179.01 and a 12-month high of $474.02. The firm has a market cap of $34.04 billion, a P/E ratio of 30.77 and a beta of 2.06. 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 (NYSE:CLS) (TSE:CLS) last released its 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. The firm had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The firm’s revenue for the quarter was up 62.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.39 earnings per share. 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, equities research analysts predict that Celestica, Inc. will post 10.15 EPS for the current year.

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.