Cibc World Market Inc. Buys New Stake in Celestica, Inc. $CLS

Key Points

• CIBC World Market acquired 2.08 million Celestica shares worth approximately $757.8 million, giving it a 1.81% stake; institutional investors collectively own 67.38% of the company.
• Celestica reported strong quarterly results, with EPS of $2.54 versus the $2.29 estimate and revenue of $4.68 billion, up 62.4% year over year. The company also issued fiscal 2026 EPS guidance of $11.30.
• Analyst sentiment remains positive, with an overall “Buy” rating and an average price target of $439.81, although company insiders have sold roughly $135.2 million of stock over the past 90 days.

Cibc World Market Inc. purchased 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 Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,079,718 shares of the technology company's stock, valued at approximately $757,811,000. Celestica makes up 1.2% of Cibc World Market Inc.'s holdings, making the stock its 15th largest holding. Cibc World Market Inc. owned 1.81% of Celestica at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CLS. Vanguard Group Inc. increased its position in Celestica by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company's stock worth $1,423,333,000 after purchasing an additional 73,022 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Celestica by 24.8% in the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company's stock valued at $1,187,650,000 after purchasing an additional 798,782 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Celestica by 5,806,149.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company's stock valued at $1,081,323,000 after purchasing an additional 3,657,874 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Celestica by 18.6% during the 4th quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company's stock worth $673,471,000 after purchasing an additional 356,797 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Celestica during the second quarter worth about $674,199,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Celestica news, CEO Robert Mionis sold 98,453 shares of the business's 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mandeep Chawla sold 17,000 shares of the company's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the transaction, the chief financial officer owned 82,444 shares of the company's stock, valued at approximately $32,948,744.60. This trade represents a 17.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 356,553 shares of company stock valued at $135,238,444 in the last 90 days. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. BWS Financial reaffirmed a "buy" rating on shares of Celestica in a research note on Tuesday, July 28th. Zacks Research upgraded Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 26th. UBS Group upgraded Celestica from a "neutral" rating to a "buy" rating and set a $430.00 price target for the company in a report on Monday. The Goldman Sachs Group reaffirmed a "buy" rating and set a $475.00 price target on shares of Celestica in a research note on Tuesday, April 28th. Finally, JPMorgan Chase & Co. increased their target price on Celestica from $445.00 to $485.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $439.81.

Celestica Price Performance

Shares of CLS opened at $296.03 on Monday. Celestica, Inc. has a 52 week low of $179.01 and a 52 week high of $474.02. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The firm has a market cap of $34.04 billion, a price-to-earnings ratio of 30.77 and a beta of 2.06. The stock has a 50 day moving average of $341.15 and a 200-day moving average of $335.51.

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 (EPS) for the quarter, beating 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 business had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the firm posted $1.39 EPS. 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. As a group, analysts forecast that Celestica, Inc. will post 10.15 EPS for the current year.

Celestica Company 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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