Celestica (NYSE:CLS) CEO Robert Mionis Sells 18,176 Shares of Stock

Celestica, Inc. (NYSE:CLS) (TSE:CLS) CEO Robert Mionis sold 18,176 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $385.17, for a total transaction of $7,000,849.92. Following the completion of the transaction, the chief executive officer directly owned 60,384 shares of the company’s stock, valued at $23,258,105.28. This trade represents a 23.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Robert Mionis also recently made the following trade(s):

• On Monday, June 15th, Robert Mionis sold 66,056 shares of Celestica stock. The stock was sold at an average price of $400.06, for a total transaction of $26,426,363.36.
• On Tuesday, June 16th, Robert Mionis sold 55,768 shares of Celestica stock. The stock was sold at an average price of $386.96, for a total transaction of $21,579,985.28.

Celestica Price Performance

NYSE CLS opened at $380.31 on Thursday. The firm’s fifty day simple moving average is $380.87 and its two-hundred day simple moving average is $325.89. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36. Celestica, Inc. has a 12-month low of $130.68 and a 12-month high of $474.02. The firm has a market capitalization of $43.72 billion, a P/E ratio of 45.99, a P/E/G ratio of 0.89 and a beta of 2.02.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.08. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period in the previous year, the company earned $1.20 earnings per share. The business’s revenue for the quarter was up 52.8% on a year-over-year basis. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Analysts forecast that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Celestica

A number of large investors have recently made changes to their positions in the stock. Legacy Wealth Managment LLC ID boosted its holdings in Celestica by 14.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock valued at $63,000 after purchasing an additional 28 shares during the last quarter. Pinney & Scofield Inc. boosted its holdings in Celestica by 20.0% in the third quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock valued at $44,000 after purchasing an additional 30 shares during the last quarter. Capital Planning LLC boosted its holdings in Celestica by 3.2% in the first quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock valued at $289,000 after purchasing an additional 32 shares during the last quarter. LeConte Wealth Management LLC boosted its holdings in Celestica by 3.5% in the fourth quarter. LeConte Wealth Management LLC now owns 1,001 shares of the technology company’s stock valued at $296,000 after purchasing an additional 34 shares during the last quarter. Finally, PCB Capital LLC boosted its holdings in Celestica by 3.5% in the first quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock valued at $280,000 after purchasing an additional 34 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Celestica continues to attract investor attention, and Zacks highlighted CLS as one of several GARP stocks with solid growth prospects and attractive valuation. Add These 4 GARP Stocks to Your Portfolio to Receive Handsome Returns
• Positive Sentiment: Another Zacks note said CLS has been showing up frequently in investor searches, which can reflect heightened interest in the stock and ongoing bullish speculation. Celestica, Inc. (CLS) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: A Yahoo Finance piece pointed to Celestica as a potential beneficiary of surging data-center demand, a broader industry tailwind that could support its long-term growth outlook. 3 TSX Stocks That Could Benefit From Surging Data Centre Demand
• Neutral Sentiment: Separately, a GlobeNewswire release about “CLS Living” expanding its property portfolio appears unrelated to Celestica, so it likely has little to no impact on the stock. CLS Living Expands National Portfolio with Eight New Communities Under Management
• Negative Sentiment: CEO Robert Mionis sold multiple blocks of Celestica shares, including a large June 16 sale and another June 17 sale, signaling significant insider selling that may raise caution among investors. SEC filing for Robert Mionis sale
• Negative Sentiment: CFO Mandeep Chawla also sold shares on June 15, adding to the impression that company insiders may be taking profits after the stock’s strong run. SEC filing for Mandeep Chawla sale

Analyst Ratings Changes

Several equities analysts have issued reports on CLS shares. Weiss Ratings raised shares of Celestica from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Rothschild & Co Redburn started coverage on shares of Celestica in a report on Friday, May 1st. They issued a “buy” rating and a $460.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Barclays lifted their price target on shares of Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, Royal Bank Of Canada lifted their price target on shares of Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $427.42.

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.