BlackRock Inc. Buys Shares of 613,620 Celestica, Inc. $CLS

Key Points

• BlackRock acquired 613,620 Celestica shares during the second quarter, worth approximately $223.8 million and representing about 0.53% of the company. Institutional investors and hedge funds collectively own 67.38% of CLS.
• Celestica reported quarterly EPS of $2.54, beating estimates by $0.25, while revenue reached $4.68 billion and rose 62.4% year over year. The company also issued fiscal 2026 EPS guidance of $11.30.
• Analysts remain bullish, with a consensus “Buy” rating and an average price target of $439.81; several firms recently raised targets as high as $500. However, insiders sold 356,553 shares worth approximately $135.2 million over the past three months.

BlackRock Inc. acquired a new position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 613,620 shares of the technology company's stock, valued at approximately $223,849,000. BlackRock Inc. owned about 0.53% of Celestica as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Celestica during the 4th quarter valued at $28,000. Swiss RE Ltd. acquired a new position in Celestica in the 4th quarter worth about $29,000. Cullen Frost Bankers Inc. bought a new position in Celestica in the fourth quarter valued at about $30,000. Sittner & Nelson LLC bought a new position in Celestica in the fourth quarter valued at about $31,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of Celestica during the first quarter valued at about $29,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Up 3.3%

CLS stock opened at $317.42 on Friday. The stock's 50 day simple moving average is $334.90 and its 200 day simple moving average is $335.87. The company has a market cap of $36.50 billion, a P/E ratio of 33.00 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.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating analysts' consensus estimates of $2.29 by $0.25. The business had revenue of $4.68 billion during 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%. Celestica's quarterly revenue was up 62.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.39 EPS. 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, research analysts expect that Celestica, Inc. will post 10.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on CLS shares. Royal Bank Of Canada set a $450.00 price target on shares of Celestica and gave the company an "outperform" rating in a research report on Wednesday. Bank of America reiterated a "buy" rating on shares of Celestica in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their price objective on Celestica from $445.00 to $485.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Canadian Imperial Bank of Commerce raised their target price on Celestica from $480.00 to $500.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. Finally, UBS Group raised Celestica from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $410.00 to $430.00 in a report on Monday. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Celestica has a consensus rating of "Buy" and a consensus price target of $439.81.

Insider Activity at Celestica

In other Celestica news, CFO Mandeep Chawla sold 17,000 shares of the business's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $399.65, for a total value of $6,794,050.00. Following the transaction, the chief financial officer owned 82,444 shares of the company's stock, valued at approximately $32,948,744.60. The trade was a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert Mionis sold 98,453 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total transaction of $36,328,172.47. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 356,553 shares of company stock worth $135,238,444. Insiders own 1.10% of the company's stock.

About Celestica

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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