Freestone Grove Partners LP Makes New Investment in Celestica, Inc. $CLS

Freestone Grove Partners LP purchased a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 2nd quarter, Holdings Channel reports. The firm purchased 105,238 shares of the technology company’s stock, valued at approximately $38,391,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Celestica during the fourth quarter valued at $28,000. Ascentis Independent Advisors bought a new stake in Celestica in the 1st quarter worth about $29,000. Swiss RE Ltd. purchased a new position in Celestica in the 4th quarter worth about $29,000. Cullen Frost Bankers Inc. bought a new position in Celestica during the 4th quarter valued at about $30,000. Finally, Sittner & Nelson LLC bought a new position in Celestica during the 4th quarter valued at about $31,000. 67.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CLS has been the topic of a number of recent analyst reports. BWS Financial reaffirmed a “buy” rating on shares of Celestica in a report on Tuesday, July 28th. Zacks Research upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Royal Bank Of Canada set a $450.00 target price on shares of Celestica and gave the stock an “outperform” rating in a report on Wednesday. Weiss Ratings downgraded shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Finally, Barclays decreased their target price on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $439.81.

Celestica Trading Up 0.2%

Shares of NYSE:CLS opened at $307.40 on Thursday. The stock’s 50-day simple moving average is $336.01 and its two-hundred day simple moving average is $335.80. The stock has a market capitalization of $35.35 billion, a price-to-earnings ratio of 31.95 and a beta of 2.06. Celestica, Inc. has a 52-week low of $183.66 and a 52-week high of $474.02. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23.

Celestica (NYSE:CLS) (TSE:CLS) last released 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 net margin of 7.16% and a return on equity of 39.96%. The firm had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the firm earned $1.39 EPS. The business’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. Analysts expect that Celestica, Inc. will post 10.15 EPS for the current year.

Insider Activity at Celestica

In other Celestica news, CEO Robert Mionis sold 23,496 shares of the 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 directly owned 23,396 shares in the company, valued at approximately $8,478,476.44. This trade represents a 50.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction 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 owned 65,444 shares in the company, valued at $24,169,778.08. This represents a 19.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 356,553 shares of company stock valued at $135,238,444 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

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.