Celestica, Inc. $CLS Shares Newly Purchased by Cantor Fitzgerald Investment Advisors L.P.

Key Points

• Cantor Fitzgerald Investment Advisors initiated a Celestica position by purchasing 9,250 shares valued at approximately $3.34 million. Institutional investors and hedge funds collectively own 67.38% of the company.
• Analysts remain broadly bullish, with 23 Buy ratings and one Hold rating, producing a “Moderate Buy” consensus and an average price target of $450.50. Celestica recently exceeded earnings and revenue expectations, reporting $2.54 EPS and $4.68 billion in quarterly revenue.
• Celestica shares opened at $305.01, versus a 52-week range of $244.51 to $474.02. Company insiders sold approximately $89.2 million of stock over the past 90 days, including substantial sales by the CEO and president.

Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 9,250 shares of the technology company's stock, valued at approximately $3,343,000.

Several other institutional investors also recently modified their holdings of CLS. Carnegie Investment Counsel acquired a new stake in shares of Celestica in the 3rd quarter valued at approximately $237,000. Integrated Advisors Network LLC boosted its stake in 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 acquiring an additional 679 shares during the last quarter. Diversify Advisory Services LLC grew its holdings in Celestica by 0.5% during the third quarter. Diversify Advisory Services LLC now owns 14,389 shares of the technology company's stock valued at $5,201,000 after purchasing an additional 78 shares during the period. Elevated Financial Group LLC grew its holdings in Celestica by 8.5% during the third quarter. Elevated Financial Group LLC now owns 3,490 shares of the technology company's stock valued at $1,261,000 after purchasing an additional 272 shares during the period. Finally, AlphaStar Capital Management LLC grew its holdings in Celestica by 57.9% during the third quarter. AlphaStar Capital Management LLC now owns 941 shares of the technology company's stock valued at $340,000 after purchasing an additional 345 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CLS has been the topic of several analyst reports. Sanford C. Bernstein reiterated an "outperform" rating on shares of Celestica in a report on Thursday, October 15th. Zacks Research cut shares of Celestica from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 28th. Stifel Nicolaus set a $500.00 price target on shares of Celestica in a report on Tuesday, July 28th. Canadian Imperial Bank of Commerce lifted their target price on Celestica from $480.00 to $500.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. Finally, TD set a $430.00 target price on Celestica and gave the company a "buy" rating in a research note on Wednesday, September 16th. Twenty-three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Celestica has an average rating of "Moderate Buy" and an average price target of $450.50.

Celestica Stock Performance

Shares of CLS stock opened at $305.01 on Thursday. 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 52 week low of $244.51 and a 52 week high of $474.02. The company's 50 day moving average price is $331.61 and its two-hundred day moving average price is $351.20. The company has a market capitalization of $35.07 billion, a P/E ratio of 39.43 and a beta of 2.01.

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, beating 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 company had revenue of $4.68 billion during the quarter, compared to analysts' expectations of $4.30 billion. During the same quarter in the prior year, the company earned $1.39 earnings per share. The business's quarterly 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. On average, analysts expect that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Celestica news, CEO Robert Mionis sold 98,453 shares of Celestica 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Todd C. Cooper sold 20,118 shares of the stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total value of $7,242,480.00. Following the transaction, the president owned 73,252 shares of the company's stock, valued at approximately $26,370,720. The trade was a 21.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 243,067 shares of company stock valued at $89,200,967. Company insiders own 1.10% of the company's stock.

Celestica Company 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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