Insider Selling: Celestica (NYSE:CLS) President Sells 20,118 Shares of Stock

Celestica, Inc. (NYSE:CLS) (TSE:CLS) President Todd Cooper sold 20,118 shares of the business’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total transaction of $7,242,480.00. Following the transaction, the president directly owned 73,252 shares in the company, valued at $26,370,720. This trade represents a 21.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Celestica Stock Performance

Celestica stock traded up $11.42 during mid-day trading on Thursday, reaching $373.26. The company had a trading volume of 2,961,771 shares, compared to its average volume of 2,429,669. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. Celestica, Inc. has a 52 week low of $227.00 and a 52 week high of $474.02. The company has a 50 day moving average of $323.32 and a 200-day moving average of $340.83. The firm has a market cap of $42.92 billion, a price-to-earnings ratio of 38.80 and a beta of 2.04.

Celestica (NYSE:CLS) (TSE:CLS) last posted 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. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the firm posted $1.39 EPS. The business’s revenue was up 62.4% compared to the same quarter last year. 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, sell-side analysts expect that Celestica, Inc. will post 10.71 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Royal Bank Of Canada set a $450.00 price objective on Celestica and gave the stock an “outperform” rating in a report on Wednesday, August 26th. Scotiabank began coverage on Celestica in a research report on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 target price for the company. BWS Financial reiterated a “buy” rating on shares of Celestica in a research note on Tuesday, July 28th. JPMorgan Chase & Co. boosted their price target on shares of Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings cut shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating and twenty-three have issued a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $440.50.

Institutional Investors Weigh In On Celestica

Several institutional investors and hedge funds have recently made changes to their positions in CLS. Washington Trust Advisors Inc. bought a new stake in shares of Celestica in the 2nd quarter worth about $28,000. Ascentis Independent Advisors acquired a new stake in shares of Celestica in the first quarter valued at approximately $29,000. Sittner & Nelson LLC bought a new stake in Celestica during the 4th quarter worth about $31,000. Harbor Investment Advisory LLC bought a new stake in Celestica in the second quarter valued at about $58,000. Finally, Hilton Head Capital Partners LLC bought a new position in Celestica during the fourth quarter worth about $59,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.