Kingsview Wealth Management LLC Buys Shares of 4,012 Celestica, Inc. $CLS

Kingsview Wealth Management LLC purchased a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the second quarter, HoldingsChannel reports. The institutional investor purchased 4,012 shares of the technology company’s stock, valued at approximately $1,464,000.

Several other hedge funds also recently modified their holdings of CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Celestica during the fourth quarter worth $28,000. Ascentis Independent Advisors acquired a new position in Celestica during the 1st quarter valued at $29,000. Swiss RE Ltd. bought a new stake in Celestica in the 4th quarter valued at $29,000. Cullen Frost Bankers Inc. bought a new stake in Celestica in the 4th quarter valued at $30,000. Finally, Sittner & Nelson LLC acquired a new stake in Celestica in the 4th quarter worth $31,000. 67.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. BWS Financial restated a “buy” rating on shares of Celestica in a report on Tuesday, July 28th. Weiss Ratings cut shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Wolfe Research lifted their target price on Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada set a $450.00 price target on Celestica and gave the company an “outperform” rating in a research note on Wednesday. Finally, Bank of America reaffirmed a “buy” rating on shares of Celestica in a report on Wednesday, July 29th. One investment 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’s stock. According to MarketBeat.com, Celestica presently has a consensus rating of “Buy” and an average target price of $439.81.

Celestica Stock Performance

NYSE CLS opened at $298.87 on Friday. Celestica, Inc. has a twelve month low of $183.66 and a twelve month high of $474.02. 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 stock has a market cap of $34.36 billion, a P/E ratio of 31.07 and a beta of 2.06. The company’s 50-day simple moving average is $333.42 and its 200 day simple moving average is $335.61.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The firm had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The company’s revenue for the quarter was up 62.4% compared to the same quarter last year. During the same quarter last year, the company 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, research analysts forecast that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Insider Activity at Celestica

In related news, CFO Mandeep Chawla sold 17,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $399.65, for a total value of $6,794,050.00. Following the sale, the chief financial officer owned 82,444 shares of the company’s stock, valued at $32,948,744.60. The trade was a 17.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert Mionis sold 98,453 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total value of $36,328,172.47. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 356,553 shares of company stock valued at $135,238,444 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

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.