154,833 Shares in Celestica, Inc. $CLS Bought by Man Group plc

Man Group plc bought a new stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 154,833 shares of the technology company's stock, valued at approximately $56,475,000. Man Group plc owned approximately 0.13% of Celestica at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Celestica during the fourth quarter valued at $28,000. Swiss RE Ltd. purchased a new stake in shares of Celestica during the fourth quarter valued at approximately $29,000. Cullen Frost Bankers Inc. bought a new stake in shares of Celestica during the fourth quarter valued at approximately $30,000. Sittner & Nelson LLC bought a new position in Celestica in the 4th quarter valued at approximately $31,000. Finally, Ascentis Independent Advisors bought a new stake in shares of Celestica in the 1st quarter worth $29,000. Institutional investors own 67.38% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CLS shares. UBS Group raised shares of Celestica from a "neutral" rating to a "buy" rating and raised their price target for the company from $410.00 to $430.00 in a report on Monday. Barclays dropped their target price on Celestica from $430.00 to $406.00 and set an "overweight" rating on the stock in a research report on Friday, August 7th. Rothschild & Co Redburn began coverage on shares of Celestica in a research report on Friday, May 1st. They set a "buy" rating and a $460.00 price target for the company. Citigroup boosted their target price on shares of Celestica from $338.00 to $415.00 and gave the company a "buy" rating in a research report on Wednesday, April 29th. Finally, Stifel Nicolaus set a $500.00 price target on shares of Celestica in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $439.81.

Insider Activity

In related news, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the sale, the chief financial officer directly owned 82,444 shares of the company's stock, valued at $32,948,744.60. This represents a 17.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert Mionis sold 98,453 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total value of $36,328,172.47. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 356,553 shares of company stock valued at $135,238,444. 1.10% of the stock is currently owned by company insiders.

Celestica Stock Performance

NYSE:CLS opened at $306.89 on Wednesday. The stock has a market capitalization of $35.29 billion, a P/E ratio of 31.90 and a beta of 2.06. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. Celestica, Inc. has a 12-month low of $183.66 and a 12-month high of $474.02. The stock has a 50-day moving average price of $337.47 and a 200 day moving average price of $335.71.

Celestica (NYSE:CLS - Get Free Report) 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. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the firm posted $1.39 EPS. Celestica'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. Equities research analysts forecast that Celestica, Inc. will post 10.15 EPS for the current fiscal year.

Celestica 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.

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