Clal Insurance Enterprises Holdings Ltd Invests $1.09 Million in Celestica, Inc. $CLS

Clal Insurance Enterprises Holdings Ltd purchased a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, HoldingsChannel reports. The fund purchased 3,000 shares of the technology company’s stock, valued at approximately $1,094,000.

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

Insider Buying and Selling

In related news, CEO Robert Mionis sold 23,496 shares of the company’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 completion of the transaction, the chief executive officer owned 23,396 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Also, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the transaction, the chief financial officer directly owned 65,444 shares in the company, valued at approximately $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 90 days, insiders sold 356,553 shares of company stock valued at $135,238,444. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

CLS has been the topic of a number of analyst reports. Weiss Ratings lowered Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Bank of America restated a “buy” rating on shares of Celestica in a report on Wednesday, July 29th. Canadian Imperial Bank of Commerce raised their price target on shares of Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Rothschild & Co Redburn assumed coverage on shares of Celestica in a report on Friday, May 1st. They set a “buy” rating and a $460.00 price target for the company. Finally, Citigroup boosted their price objective on shares of Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. 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 company’s stock. Based on data from MarketBeat.com, Celestica presently has an average rating of “Buy” and an average price target of $439.81.

Celestica Stock Performance

NYSE CLS opened at $296.03 on Monday. The business’s 50-day moving average price is $341.15 and its 200 day moving average price is $335.51. 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, Inc. has a twelve month low of $179.01 and a twelve month high of $474.02. The company has a market capitalization of $34.04 billion, a PE ratio of 30.77 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating the consensus estimate of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The company had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the previous year, the business earned $1.39 EPS. The firm’s revenue was up 62.4% on a year-over-year basis. 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, research analysts predict that Celestica, Inc. will post 10.15 earnings per share for the current year.

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.