Celestica (NYSE:CLS) Stock Price Down 3.8% Following Insider Selling

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares were down 3.8% during trading on Friday following insider selling activity. The company traded as low as $333.43 and last traded at $334.4380. 2,408,545 shares changed hands during trading, a decline of 2% from the average daily volume of 2,469,490 shares. The stock had previously closed at $347.63.

Specifically, CEO Robert Mionis sold 23,496 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the transaction, the chief executive officer directly owned 23,396 shares of the company’s stock, valued at approximately $8,478,476.44. This trade represents a 50.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CLS shares. TD lifted their price objective on Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a report on Monday, April 20th. The Goldman Sachs Group restated a “buy” rating and issued a $475.00 price target on shares of Celestica in a research report on Tuesday, April 28th. Royal Bank Of Canada boosted their price target on Celestica from $440.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Barclays cut their price objective on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Finally, Scotiabank assumed coverage on shares of Celestica in a report on Tuesday. They issued a “sector outperform” rating and a $500.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $438.86.

Celestica Stock Performance

The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The company has a market cap of $38.45 billion, a P/E ratio of 34.76 and a beta of 2.06. The company has a 50 day moving average price of $348.89 and a 200-day moving average price of $335.28.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.25. The business had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.Celestica’s revenue for the quarter was up 62.4% on a year-over-year basis. During the same period in the prior year, the company earned $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, equities analysts expect that Celestica, Inc. will post 9.97 earnings per share for the current fiscal year.

Institutional Trading of Celestica

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

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.