William Blair Investment Management LLC Takes $12.73 Million Position in Celestica, Inc. $CLS

William Blair Investment Management LLC acquired a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 2nd quarter, Holdings Channel reports. The firm acquired 34,892 shares of the technology company’s stock, valued at approximately $12,729,000.

A number of other institutional investors have also recently made changes to their positions in CLS. Vanguard Group Inc. grew its position in Celestica by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company’s stock worth $1,423,333,000 after acquiring an additional 73,022 shares in the last quarter. JPMorgan Chase & Co. raised its position in Celestica by 24.8% during the fourth quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock valued at $1,187,650,000 after purchasing an additional 798,782 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Celestica by 5,806,149.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after purchasing an additional 3,657,874 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Celestica by 18.6% in the 4th quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock valued at $673,471,000 after purchasing an additional 356,797 shares during the last quarter. Finally, Cibc World Market Inc. lifted its stake in shares of Celestica by 30.6% in the 4th quarter. Cibc World Market Inc. now owns 2,265,680 shares of the technology company’s stock valued at $670,279,000 after purchasing an additional 530,535 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CLS. TD Securities raised Celestica from a “hold” rating to a “buy” rating and set a $430.00 target price on the stock in a research report on Wednesday, April 29th. Weiss Ratings downgraded Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. The Goldman Sachs Group restated a “buy” rating and issued a $475.00 price target on shares of Celestica in a research report on Tuesday, April 28th. JPMorgan Chase & Co. lifted their price objective on shares of Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Finally, Susquehanna boosted their price objective on shares of Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. One 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. According to data from MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and a consensus target price of $438.86.

Insider Activity at Celestica

In related news, CFO Mandeep Chawla sold 16,117 shares of the firm’s stock in a transaction dated 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 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 through this link. Also, CEO Robert Mionis sold 23,496 shares of the firm’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 sale, the chief executive officer owned 23,396 shares of the company’s stock, valued at approximately $8,478,476.44. This trade represents a 50.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 356,553 shares of company stock valued at $135,238,444 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Celestica Trading Down 2.0%

CLS stock opened at $296.03 on Friday. The company has a market capitalization of $34.04 billion, a PE ratio of 30.77 and a beta of 2.06. The firm’s 50-day moving average is $341.15 and its 200 day moving average is $335.16. Celestica, Inc. has a 12 month low of $179.01 and a 12 month high of $474.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68.

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

Celestica Company Profile

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.