Northwestern Mutual Wealth Management Co. Invests $1.55 Million in Celestica, Inc. $CLS

Northwestern Mutual Wealth Management Co. bought a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,258 shares of the technology company’s stock, valued at approximately $1,553,000.

A number of other institutional investors have also made changes to their positions in the business. Viking Global Investors LP bought a new position in Celestica in the third quarter valued at about $424,459,000. Norges Bank acquired a new stake in Celestica in the fourth quarter worth about $456,511,000. AQR Capital Management LLC bought a new stake in Celestica during the 4th quarter worth about $315,497,000. JPMorgan Chase & Co. lifted its position in Celestica by 24.8% during the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock valued at $1,187,650,000 after purchasing an additional 798,782 shares during the period. Finally, BlackRock Inc. acquired a new position in Celestica during the 2nd quarter valued at about $223,849,000. 67.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CLS shares. Rothschild & Co Redburn initiated coverage on shares of Celestica in a research note on Friday, May 1st. They issued a “buy” rating and a $460.00 target price on the stock. JPMorgan Chase & Co. increased their price objective on shares of Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. The Goldman Sachs Group restated a “buy” rating and issued a $475.00 price objective on shares of Celestica in a report on Tuesday, April 28th. Royal Bank Of Canada raised their price objective 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. Finally, Zacks Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $439.81.

Insider Buying and Selling

In related news, CFO Mandeep Chawla sold 17,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the transaction, the chief financial officer owned 82,444 shares in the company, valued at approximately $32,948,744.60. The trade was a 17.10% 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 link. Also, CEO Robert Mionis sold 98,453 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total transaction of $36,328,172.47. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 356,553 shares of company stock valued at $135,238,444. Corporate insiders own 1.10% of the company’s stock.

Celestica Price Performance

Shares of CLS opened at $306.89 on Wednesday. The stock has a market cap of $35.29 billion, a P/E ratio of 31.90 and a beta of 2.06. Celestica, Inc. has a 1 year low of $183.66 and a 1 year high of $474.02. The stock’s 50-day moving average price is $337.47 and its two-hundred day moving average price is $335.71. 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 announced its quarterly earnings results 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 analysts’ expectations of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.Celestica’s revenue was up 62.4% on a year-over-year basis. During the same period in the prior year, the business 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 predict that Celestica, Inc. will post 10.15 earnings per share for the current year.

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.