Alberta Investment Management Corp Invests $22.27 Million in Celestica, Inc. $CLS

Alberta Investment Management Corp acquired a new position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 61,122 shares of the technology company's stock, valued at approximately $22,269,000. Alberta Investment Management Corp owned approximately 0.05% of Celestica as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in Celestica in the second quarter valued at approximately $55,706,000. Leeward Financial Partners LLC purchased a new position in Celestica during the 2nd quarter worth $377,000. Focus Partners Advisor Solutions LLC acquired a new position in Celestica during the 2nd quarter valued at about $302,000. State of Wyoming acquired a new position in Celestica during the 2nd quarter valued at about $284,000. Finally, Clearstead Trust LLC purchased a new stake in Celestica in the second quarter valued at about $477,000. Hedge funds and other institutional investors own 67.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CLS. JPMorgan Chase & Co. raised their price target on Celestica from $445.00 to $485.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Canadian Imperial Bank of Commerce upped their price objective on shares of Celestica from $480.00 to $500.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. TD Cowen raised shares of Celestica from a "hold" rating to a "buy" rating and increased their price objective for the company from $350.00 to $430.00 in a research report on Wednesday, April 29th. Barclays lowered 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. Finally, Rothschild & Co Redburn assumed coverage on shares of Celestica in a research report on Friday, May 1st. They set a "buy" rating and a $460.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $438.86.

Insider Buying and Selling at Celestica

In other news, CEO Robert Mionis sold 98,453 shares of the company's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total value of $36,328,172.47. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael Max Wilson sold 4,168 shares of the company's stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total value of $1,389,236.08. Following the completion of the sale, the director owned 24,718 shares in the company, valued at $8,238,756.58. The trade was a 14.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 360,721 shares of company stock worth $136,627,680. Insiders own 1.10% of the company's stock.

Key Celestica News

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Bank of America identified Celestica among 16 AI-related stocks that may offer bargain opportunities following the sector’s pullback. The designation supports the view that recent weakness could attract value-oriented investors. Bank of America Sees Bargains in These 16 Knocked-Down AI Stocks
• Positive Sentiment: Wall Street’s average brokerage recommendation remains favorable, although the reports caution that sell-side ratings can be overly optimistic. Celestica’s prior quarterly results also showed strong momentum, with revenue rising 62.4% year over year and earnings exceeding consensus estimates. Is Celestica a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Analysts continue to view Celestica as an important beneficiary of AI-related demand across networking, computing and data-center infrastructure. A comparison with Arista Networks highlights the company’s potential growth opportunity as customers expand AI capacity. CLS vs. ANET: Which AI Stock Offers the Better Growth Opportunity?
• Neutral Sentiment: Scotiabank began coverage of Celestica, potentially increasing analyst visibility and institutional interest, though the available report does not specify the firm’s rating or price target. Scotiabank Begins Coverage on Celestica
• Positive Sentiment: Industry commentary says electronics-manufacturing providers are benefiting from rising technology investment, increasingly complex products and greater outsourcing by OEMs—favorable long-term conditions for Celestica’s core business. These 4 Electronics-Manufacturing Stocks Are Surging
• Negative Sentiment: CEO Robert Mionis sold 23,496 shares for approximately $8.5 million, reducing his direct ownership by about 50%. Although the transaction was disclosed through an SEC filing and may be routine, the sizable insider sale can weigh on sentiment, particularly after the stock’s substantial run-up.
• Negative Sentiment: The broader AI trade is experiencing a pullback, creating near-term valuation and momentum pressure for high-beta names such as Celestica. Investors may therefore be taking profits despite the company’s favorable growth outlook.

Celestica Stock Performance

Shares of NYSE CLS opened at $334.44 on Monday. The company has a 50 day simple moving average of $348.14 and a two-hundred day simple moving average of $335.47. The stock has a market cap of $38.45 billion, a price-to-earnings ratio of 34.76 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 $173.23 and a 12 month high of $474.02.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping analysts' consensus estimates of $2.29 by $0.25. The firm had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business's quarterly revenue was up 62.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 earnings per share. 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, analysts predict that Celestica, Inc. will post 9.97 earnings per share for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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