Alyeska Investment Group L.P. Sells 365,178 Shares of Celestica, Inc. $CLS

Key Points

• Alyeska Investment Group cut its Celestica position by 61.7%, selling 365,178 shares and retaining 226,695 shares valued at approximately $82.7 million. Institutional investors collectively own 67.38% of the company.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $439.81, despite some downgrades to “Hold” or slightly lower buy ratings.
• Celestica reported strong quarterly results, posting $2.54 EPS and $4.68 billion in revenue, beating estimates and representing 62.4% year-over-year revenue growth. The stock opened at $298.87, down 5.8%, while company insiders have sold about $135.2 million of shares over the past 90 days.

Alyeska Investment Group L.P. decreased its position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 61.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 226,695 shares of the technology company's stock after selling 365,178 shares during the period. Alyeska Investment Group L.P. owned about 0.20% of Celestica worth $82,698,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CLS. Flputnam Investment Management Co. bought a new stake in shares of Celestica in the second quarter worth about $291,000. Northwestern Mutual Wealth Management Co. raised its position in Celestica by 1,011.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,258 shares of the technology company's stock valued at $1,553,000 after purchasing an additional 3,875 shares during the last quarter. Greenleaf Trust lifted its holdings in Celestica by 2.9% in the 2nd quarter. Greenleaf Trust now owns 1,588 shares of the technology company's stock worth $579,000 after buying an additional 45 shares during the period. Toth Financial Advisory Corp lifted its holdings in Celestica by 54.8% in the 2nd quarter. Toth Financial Advisory Corp now owns 4,839 shares of the technology company's stock worth $1,765,000 after buying an additional 1,714 shares during the period. Finally, Hsbc Holdings PLC grew its position in shares of Celestica by 67.4% in the 2nd quarter. Hsbc Holdings PLC now owns 11,947 shares of the technology company's stock worth $3,954,000 after buying an additional 4,810 shares during the last quarter. Institutional investors own 67.38% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CLS shares. Weiss Ratings downgraded Celestica from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. Bank of America reiterated a "buy" rating on shares of Celestica in a report on Wednesday, July 29th. Wall Street Zen lowered shares of Celestica from a "buy" rating to a "hold" rating in a report on Saturday. Stifel Nicolaus set a $500.00 price objective on shares of Celestica in a report on Tuesday, July 28th. Finally, Scotiabank assumed coverage on shares of Celestica in a research report on Tuesday, August 11th. They issued a "sector outperform" rating and a $500.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $439.81.

Insider Transactions at Celestica

In related news, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer owned 65,444 shares in the company, valued at $24,169,778.08. This represents a 19.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert Mionis sold 23,496 shares of the firm's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $362.39, for a total transaction 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 represents a 50.11% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 356,553 shares of company stock worth $135,238,444. Insiders own 1.10% of the company's stock.

Celestica Stock Down 5.8%

NYSE:CLS opened at $298.87 on Friday. The firm has a market cap of $34.36 billion, a P/E ratio of 31.07 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. Celestica, Inc. has a fifty-two week low of $183.66 and a fifty-two week high of $474.02. The firm has a 50-day simple moving average of $333.42 and a two-hundred day simple moving average of $335.61.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The firm had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the firm posted $1.39 earnings per share. The business's revenue 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. Analysts predict that Celestica, Inc. will post 10.71 earnings per share 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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