Celestica (NYSE:CLS) CFO Mandeep Chawla Sells 883 Shares of Stock

Celestica, Inc. (NYSE:CLS) (TSE:CLS) CFO Mandeep Chawla sold 883 shares of Celestica stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $366.52, for a total transaction of $323,637.16. Following the sale, the chief financial officer owned 81,561 shares of the company’s stock, valued at approximately $29,893,737.72. The trade was a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Mandeep Chawla also recently made the following trade(s):

• On Monday, June 15th, Mandeep Chawla sold 17,000 shares of Celestica stock. The stock was sold at an average price of $399.65, for a total value of $6,794,050.00.

Celestica Price Performance

Shares of CLS traded up $11.30 on Monday, reaching $342.75. The stock had a trading volume of 2,376,964 shares, compared to its average volume of 2,412,650. Celestica, Inc. has a twelve month low of $173.23 and a twelve month high of $474.02. The firm has a market capitalization of $39.41 billion, a PE ratio of 35.63 and a beta of 2.05. The firm has a 50-day moving average of $360.70 and a 200 day moving average of $333.66. 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 (NYSE:CLS) (TSE:CLS) last issued 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. The firm 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 previous year, the firm posted $1.39 earnings per share. 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 expect that Celestica, Inc. will post 9.97 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on CLS shares. BMO Capital Markets lifted their price target on Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and increased their price objective for the company from $350.00 to $430.00 in a research note on Wednesday, April 29th. TD raised their target price on shares of Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a report on Monday, April 20th. TD Securities upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 target price for the company in a research report on Wednesday, April 29th. Finally, Citigroup upped their price target on shares of Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $437.00.

Hedge Funds Weigh In On Celestica

Hedge funds have recently bought and sold shares of the stock. NewGen Equity Long Short Fund purchased a new stake in shares of Celestica in the second quarter valued at $14,050,000. Northwestern Mutual Wealth Management Co. increased its position in Celestica by 7,646.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company’s stock worth $157,000 after purchasing an additional 994 shares in the last quarter. First Trust Advisors LP raised its stake in Celestica by 30.0% in the 2nd quarter. First Trust Advisors LP now owns 78,061 shares of the technology company’s stock valued at $12,197,000 after purchasing an additional 18,025 shares during the last quarter. NewEdge Advisors LLC raised its stake in Celestica by 385.8% in the 2nd quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company’s stock valued at $438,000 after purchasing an additional 2,226 shares during the last quarter. Finally, HUB Investment Partners LLC raised its stake in Celestica by 11.0% in the 2nd quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company’s stock valued at $497,000 after purchasing an additional 315 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

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.