Andra AP fonden Grows Position in Celestica, Inc. $CLS

Key Points

• Andra AP fonden increased its Celestica position by 36.4% in the second quarter, adding 8,200 shares to hold 30,700 shares valued at approximately $11.2 million. Institutional investors collectively own 67.38% of the company.
• Celestica insiders sold significant amounts of stock: the CFO and CEO sold shares worth approximately $6.0 million and $8.5 million, respectively, while insiders sold $73.4 million of stock over the past 90 days.
• Celestica reported stronger-than-expected quarterly results, with EPS of $2.54 versus the $2.29 consensus and revenue of $4.68 billion, up 62.4% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $440.50.

Andra AP fonden increased its holdings in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 36.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,700 shares of the technology company's stock after acquiring an additional 8,200 shares during the quarter. Andra AP fonden's holdings in Celestica were worth $11,199,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Legacy Wealth Managment LLC ID increased its position in Celestica by 14.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company's stock worth $63,000 after purchasing an additional 28 shares during the last quarter. Capital Planning LLC increased its stake in Celestica by 3.2% during the 1st quarter. Capital Planning LLC now owns 1,025 shares of the technology company's stock worth $289,000 after buying an additional 32 shares during the period. PCB Capital LLC raised its stake in shares of Celestica by 3.5% in the first quarter. PCB Capital LLC now owns 995 shares of the technology company's stock valued at $280,000 after acquiring an additional 34 shares in the last quarter. XML Financial LLC boosted its stake in shares of Celestica by 1.5% in the 2nd quarter. XML Financial LLC now owns 2,640 shares of the technology company's stock valued at $963,000 after buying an additional 40 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings in Celestica by 0.9% in the second quarter. Sequoia Financial Advisors LLC now owns 4,363 shares of the technology company's stock valued at $1,592,000 after acquiring an additional 40 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Insider Activity

In related news, CFO Mandeep Chawla sold 16,117 shares of the company's 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 of the company's stock, valued at approximately $24,169,778.08. This represents a 19.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 sale, the chief executive officer owned 23,396 shares in the company, valued at approximately $8,478,476.44. This trade represents a 50.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 199,553 shares of company stock worth $73,437,196 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

Celestica Price Performance

CLS stock opened at $356.94 on Wednesday. The stock's 50 day moving average price is $322.75 and its 200 day moving average price is $340.15. The firm has a market cap of $41.04 billion, a P/E ratio of 37.10 and a beta of 2.04. 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 1 year low of $227.00 and a 1 year high of $474.02.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings results 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. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The company had revenue of $4.68 billion during the quarter, compared to analysts' expectations of $4.30 billion. During the same period in the previous year, the firm posted $1.39 earnings per share. The business'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. On average, sell-side analysts expect that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CLS has been the subject of several analyst reports. Wolfe Research upped their price target on Celestica from $425.00 to $475.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Barclays dropped their price objective on Celestica from $430.00 to $406.00 and set an "overweight" rating on the stock in a report on Friday, August 7th. BWS Financial reissued a "buy" rating on shares of Celestica in a report on Tuesday, July 28th. Royal Bank Of Canada set a $450.00 price target on shares of Celestica and gave the stock an "outperform" rating in a research note on Wednesday, August 26th. Finally, Weiss Ratings downgraded shares of Celestica from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating and twenty-three have issued a Buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $440.50.

Celestica Profile

Celestica Inc NYSE: CLS is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.

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