Celestica (NYSE:CLS) Shares Down 3.8% After Insider Selling

Key Points

• Celestica shares fell 3.8% to about $334.44 after CEO Robert Mionis sold 23,496 shares for approximately $8.5 million, reducing his ownership by 50.11%.
• Analysts remain broadly positive, with 21 Buy ratings, one Strong Buy and two Holds; the stock carries a consensus “Moderate Buy” rating and a $438.86 target price.
• Celestica reported strong quarterly results, posting $2.54 in earnings per share and $4.68 billion in revenue, beating estimates while revenue increased 62.4% year over year.

Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS's stock price dropped 3.8% during trading on Friday following insider selling activity. The stock traded as low as $333.43 and last traded at $334.4380. 2,408,545 shares were traded during mid-day trading, a decline of 2% from the average session volume of 2,469,490 shares. The stock had previously closed at $347.63.

Specifically, CEO Robert Mionis sold 23,496 shares of the stock in a transaction 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 completion of the sale, the chief executive officer owned 23,396 shares in the company, valued at $8,478,476.44. This trade represents a 50.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Analyst Ratings Changes

CLS has been the topic of several recent analyst reports. TD boosted their price objective on shares of Celestica from $330.00 to $350.00 and gave the stock a "hold" rating in a research note on Monday, April 20th. TD Cowen upgraded Celestica from a "hold" rating to a "buy" rating and lifted their price target for the stock from $350.00 to $430.00 in a report on Wednesday, April 29th. UBS Group reissued a "neutral" rating and set a $410.00 price target on shares of Celestica in a research report on Wednesday, July 29th. Bank of America restated a "buy" rating on shares of Celestica in a research note on Wednesday, July 29th. Finally, BWS Financial reaffirmed a "buy" rating on shares of Celestica in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Celestica presently has an average rating of "Moderate Buy" and a consensus target price of $438.86.

Celestica Stock Down 3.8%

The firm has a market cap of $38.45 billion, a P/E ratio of 34.76 and a beta of 2.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. The firm's fifty day moving average is $348.89 and its 200 day moving average is $335.28.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly 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. The firm had revenue of $4.68 billion for the quarter, compared to analysts' expectations of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business's revenue was up 62.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 EPS. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. As a group, equities research analysts anticipate that Celestica, Inc. will post 9.97 earnings per share for the current fiscal year.

Institutional Trading of Celestica

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

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.

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