8,333 Celestica, Inc. $CLS Shares Purchased by Brookstone Capital Management

Key Points

• Brookstone Capital Management increased its Celestica stake by 57.6% in the third quarter, acquiring 8,333 shares and bringing its holdings to 22,794 shares valued at approximately $8.24 million. Institutional investors collectively own 67.38% of the company.
• Analysts remain broadly positive, with 24 Buy ratings and one Hold rating. Celestica has a consensus “Moderate Buy” rating and an average price target of $448.30, despite several firms adjusting their targets.
• Celestica reported strong quarterly results, posting $2.54 in EPS and $4.68 billion in revenue, surpassing estimates and delivering 62.4% year-over-year revenue growth. However, shares opened at $260.11, down 3.3%, while company insiders sold approximately $89.2 million of stock over the past three months.

Brookstone Capital Management increased its stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 57.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,794 shares of the technology company's stock after acquiring an additional 8,333 shares during the quarter. Brookstone Capital Management's holdings in Celestica were worth $8,238,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CLS. Woodward Diversified Capital LLC bought a new position in shares of Celestica in the 3rd quarter worth about $284,000. Cardinal Point Capital Management ULC lifted its stake in Celestica by 32.0% in the third quarter. Cardinal Point Capital Management ULC now owns 1,710 shares of the technology company's stock valued at $621,000 after buying an additional 415 shares during the period. Cantor Fitzgerald Investment Advisors L.P. acquired a new position in Celestica in the third quarter valued at approximately $3,343,000. Carnegie Investment Counsel acquired a new position in Celestica in the third quarter valued at approximately $237,000. Finally, Integrated Advisors Network LLC boosted its holdings in shares of Celestica by 2.4% during the 3rd quarter. Integrated Advisors Network LLC now owns 28,501 shares of the technology company's stock worth $10,301,000 after buying an additional 679 shares in the last quarter. Institutional investors own 67.38% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays reduced their price objective on shares of Celestica from $430.00 to $406.00 and set an "overweight" rating for the company in a research report on Friday, August 7th. TD set a $430.00 target price on shares of Celestica and gave the company a "buy" rating in a research report on Wednesday, September 16th. JPMorgan Chase & Co. increased their target price 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. BWS Financial restated a "buy" rating on shares of Celestica in a report on Tuesday, July 28th. Finally, Scotiabank initiated coverage on shares of Celestica in a research note on Tuesday, August 11th. They issued a "sector outperform" rating and a $500.00 price target for the company. Twenty-four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $448.30.

Insider Transactions at Celestica

In related news, CEO Robert Mionis sold 98,453 shares of the business's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total transaction of $36,328,172.47. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mandeep Chawla sold 16,117 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the sale, the chief financial officer owned 65,444 shares in the company, valued at approximately $24,169,778.08. This represents a 19.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 243,067 shares of company stock valued at $89,200,967 over the last three months. Company insiders own 1.10% of the company's stock.

Celestica Trading Down 3.3%

Shares of CLS stock opened at $260.11 on Friday. The company has a 50-day simple moving average of $328.54 and a two-hundred day simple moving average of $350.38. The company has a market capitalization of $29.91 billion, a price-to-earnings ratio of 27.04 and a beta of 2.01. Celestica, Inc. has a 52-week low of $244.51 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 - Get Free Report) TSE: CLS last announced its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the firm posted $1.39 EPS. The business's revenue 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. Research analysts anticipate that Celestica, Inc. will post 10.71 EPS for the current fiscal year.

Celestica Profile

Celestica Inc is a global provider of design, manufacturing, and supply chain solutions for original equipment manufacturers and other technology companies. The company helps customers develop, produce, and support complex hardware and integrated systems across their product life cycles.

Its services include product design and engineering, electronics and mechanical manufacturing, systems integration, testing, supply chain management, logistics, and after-market support. Celestica serves markets such as communications, enterprise and cloud computing, aerospace and defense, industrial technology, health technology, and capital equipment.

Headquartered in Toronto, Canada, Celestica operates a global network of manufacturing, engineering, and supply chain facilities serving customers in North America, Europe, and Asia.

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