Nykredit A S Makes New $11.54 Million Investment in Celestica, Inc. $CLS

Nykredit A S bought a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 31,658 shares of the technology company’s stock, valued at approximately $11,542,000.

Several other large investors have also recently modified their holdings of CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Celestica during the 4th quarter valued at about $28,000. Ascentis Independent Advisors purchased a new stake in shares of Celestica during the first quarter valued at approximately $29,000. Swiss RE Ltd. bought a new position in shares of Celestica in the fourth quarter worth approximately $29,000. Cullen Frost Bankers Inc. purchased a new position in shares of Celestica in the fourth quarter worth $30,000. Finally, Sittner & Nelson LLC bought a new stake in Celestica during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on CLS shares. Royal Bank Of Canada set a $450.00 price target on Celestica and gave the company an “outperform” rating in a research report on Wednesday, August 26th. Scotiabank initiated coverage on Celestica in a research report on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 price objective for the company. Wall Street Zen cut Celestica from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Wolfe Research increased their price objective 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, Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. One equities 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $439.81.

Insider Transactions at Celestica

In other Celestica news, CFO Mandeep Chawla sold 16,117 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the completion of the sale, the chief financial officer owned 65,444 shares of the company’s stock, valued at $24,169,778.08. This trade represents a 19.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert Mionis sold 23,496 shares of the business’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 value of $8,514,715.44. Following the transaction, the chief executive officer owned 23,396 shares of the company’s stock, valued at $8,478,476.44. This trade represents a 50.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 356,553 shares of company stock worth $135,238,444 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Celestica Price Performance

Celestica stock opened at $312.84 on Friday. The company has a market cap of $35.97 billion, a price-to-earnings ratio of 32.52 and a beta of 2.04. 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 firm’s fifty day moving average is $327.47 and its 200 day moving average is $335.77. Celestica, Inc. has a 52-week low of $227.00 and a 52-week high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share 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 firm 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 company posted $1.39 EPS. The company’s revenue for the quarter 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. Sell-side analysts forecast that Celestica, Inc. will post 10.71 EPS for the current fiscal 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.