Royal Bank of Canada Buys 156,040 Shares of Celestica, Inc. $CLS

Royal Bank of Canada grew its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 13.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,283,561 shares of the technology company’s stock after buying an additional 156,040 shares during the quarter. Royal Bank of Canada’s holdings in Celestica were worth $361,553,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Celestica in the 4th quarter valued at about $28,000. Ascentis Independent Advisors bought a new position in shares of Celestica during the first quarter worth about $29,000. Swiss RE Ltd. bought a new position in shares of Celestica during the fourth quarter worth about $29,000. Cullen Frost Bankers Inc. acquired a new stake in Celestica in the 4th quarter valued at approximately $30,000. Finally, Sittner & Nelson LLC bought a new stake in Celestica in the 4th quarter valued at approximately $31,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Q2 results beat expectations: Revenue rose 62% year over year to approximately $4.70 billion, exceeding estimates near $4.30 billion. Adjusted EPS was $2.54 versus the $2.29 consensus and $1.39 a year earlier. Results were above the high end of management’s own guidance. Celestica Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Raised 2026 guidance: Celestica now expects approximately $20.5 billion in 2026 revenue and $11.30 in EPS, ahead of analyst expectations of roughly $19.2 billion and $10.13, respectively. Third-quarter guidance of $5.3 billion-$5.6 billion in revenue and $2.88-$3.08 in EPS also exceeds consensus estimates. CLS Q2 Earnings Beat Estimates on Strong CCS Demand, Outlook Raised
• Positive Sentiment: Strong forward demand: The Connectivity & Cloud Solutions segment reportedly grew 84% year over year. Management expects hyperscaler mass production and AI infrastructure demand to support faster growth in 2027, with some commentary pointing to growth above 65%. Celestica Q2: 2 Reasons It’s Worth Watching, But Not Buying Yet
• Positive Sentiment: Investor momentum: Shares gained in premarket and after-hours trading following the earnings release, while call-option activity was above its average, suggesting heightened bullish interest. Why Celestica Shares Are Trading Higher

Celestica Price Performance

Shares of CLS opened at $348.66 on Wednesday. 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 $361.83 and its 200 day simple moving average is $332.91. Celestica, Inc. has a 1-year low of $173.23 and a 1-year high of $474.02. The company has a market cap of $40.09 billion, a price-to-earnings ratio of 36.24, a PEG ratio of 0.74 and a beta of 2.05.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. The company had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 41.69%. The company’s quarterly revenue was up 62.4% on a year-over-year basis. During the same quarter 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, research analysts forecast that Celestica, Inc. will post 9.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CLS shares. Royal Bank Of Canada raised their price target on shares of Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. TD Cowen upgraded shares of Celestica from a “hold” rating to a “buy” rating and increased their target price for the stock from $350.00 to $430.00 in a report on Wednesday, April 29th. Citigroup raised their target price on shares of Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $480.00 price target on shares of Celestica in a research report on Wednesday, April 29th. Finally, BWS Financial restated a “buy” rating on shares of Celestica in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $430.32.

Insider Activity

In related news, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total value of $1,389,236.08. Following the sale, the director owned 24,718 shares in the company, valued at approximately $8,238,756.58. This represents a 14.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert Mionis sold 18,176 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $385.17, for a total value of $7,000,849.92. Following the sale, the chief executive officer directly owned 60,384 shares of the company’s stock, valued at $23,258,105.28. This represents a 23.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 161,168 shares of company stock valued at $63,190,485 over the last three months. Insiders own 1.10% of the company’s stock.

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.