Neumeier Poma Investment Counsel LLC Invests $906.89 Million in Celestica, Inc. $CLS

Neumeier Poma Investment Counsel LLC purchased a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,486 shares of the technology company’s stock, valued at approximately $906,893,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC bought a new position in shares of Celestica in the 1st quarter worth about $68,952,000. CIBC Asset Management Inc raised its stake in Celestica by 7.7% during the fourth quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock worth $129,499,000 after acquiring an additional 31,086 shares during the period. Norges Bank bought a new stake in shares of Celestica in the 4th quarter worth approximately $456,511,000. Marietta Investment Partners LLC bought a new stake in Celestica in the fourth quarter valued at $1,273,000. Finally, BW Gestao de Investimentos Ltda. boosted its stake in Celestica by 29.9% during the 4th quarter. BW Gestao de Investimentos Ltda. now owns 31,179 shares of the technology company’s stock valued at $9,217,000 after purchasing an additional 7,179 shares during the period. 67.38% of the stock is owned by institutional investors.

Insider Buying and Selling at Celestica

In other news, CEO Robert Mionis sold 23,496 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 23,396 shares of the company’s stock, valued at $8,478,476.44. This represents a 50.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total value of $5,952,330.44. Following the completion of the transaction, the chief financial officer directly owned 65,444 shares in the company, valued at $24,169,778.08. This represents a 19.76% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 356,553 shares of company stock valued at $135,238,444. 1.10% of the stock is currently owned by company insiders.

Celestica Trading Down 0.2%

Shares of Celestica stock opened at $296.03 on Monday. Celestica, Inc. has a fifty-two week low of $179.01 and a fifty-two week 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 business has a fifty day simple moving average of $341.15 and a 200-day simple moving average of $335.51. The firm has a market cap of $34.04 billion, a price-to-earnings ratio of 30.77 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.25. The company had revenue of $4.68 billion for 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 business’s revenue was up 62.4% compared to the same quarter last year. During the same quarter in the previous year, the company 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, equities analysts forecast that Celestica, Inc. will post 10.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on CLS. BWS Financial reissued a “buy” rating on shares of Celestica in a research note on Tuesday, July 28th. Royal Bank Of Canada raised their target price on shares of Celestica from $440.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Zacks Research upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Wolfe Research upped their price target on shares of Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $475.00 price objective on shares of Celestica in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $439.81.

Celestica 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.