7,894 Shares in Celestica, Inc. $CLS Bought by Ninepoint Partners LP

Key Points

• Ninepoint Partners initiated a Celestica stake by buying 7,894 shares worth approximately $2.88 million in the second quarter. Institutional investors and hedge funds collectively own 67.38% of the company.
• Celestica reported strong quarterly results, with earnings of $2.54 per share versus the $2.29 consensus estimate and revenue of $4.68 billion, up 62.4% year over year.
• Analyst sentiment remains positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $438.86, although Celestica’s CEO and CFO recently sold shares and insiders have sold $135.2 million worth of stock over the past 90 days.

Ninepoint Partners LP bought a new stake in 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 (SEC). The fund bought 7,894 shares of the technology company's stock, valued at approximately $2,880,000.

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

Celestica Price Performance

Shares of NYSE:CLS opened at $302.45 on Friday. The business has a 50 day moving average price of $343.11 and a 200 day moving average price of $335.43. Celestica, Inc. has a twelve month low of $179.01 and a twelve month high of $474.02. The company has a market cap of $34.78 billion, a price-to-earnings ratio of 31.44 and a beta of 2.06. 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 - Get Free Report) TSE: CLS last issued its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.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 business posted $1.39 EPS. The company's revenue for the quarter was up 62.4% on a year-over-year basis. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Research analysts predict that Celestica, Inc. will post 9.97 earnings per share for the current year.

Insider Buying and Selling at Celestica

In other Celestica news, 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 directly owned 23,396 shares of the company's stock, valued at $8,478,476.44. This represents a 50.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the completion of the sale, the chief financial officer directly owned 65,444 shares of the company's stock, valued at approximately $24,169,778.08. This trade represents a 19.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 356,553 shares of company stock worth $135,238,444. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CLS shares. TD Securities upgraded shares of Celestica from a "hold" rating to a "buy" rating and set a $430.00 price target on the stock in a report on Wednesday, April 29th. Scotiabank started coverage on Celestica in a research note on Tuesday, August 11th. They issued a "sector outperform" rating and a $500.00 price objective on the stock. Stifel Nicolaus set a $500.00 target price on Celestica in a research report on Tuesday, July 28th. Weiss Ratings downgraded Celestica from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of Celestica from $480.00 to $500.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $438.86.

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.

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