Global Retirement Partners LLC Invests $2.05 Million in Celestica, Inc. $CLS

Key Points

• Global Retirement Partners purchased 5,627 Celestica shares worth approximately $2.05 million in the second quarter. Institutional investors collectively own 67.38% of the company.
• Celestica reported strong quarterly results, with revenue up 62.4% year over year to $4.68 billion and EPS of $2.54, beating estimates of $2.29. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $438.86.
• Despite favorable AI-related growth prospects, insider selling may weigh on sentiment: the CEO and CFO recently sold shares, while insiders have sold 360,721 shares worth about $136.6 million over the past three months.

Global Retirement Partners LLC bought a new stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,627 shares of the technology company's stock, valued at approximately $2,053,000.

A number of other large investors have also recently made changes to their positions in the stock. Renaissance Technologies LLC acquired a new position in Celestica in the 1st quarter worth approximately $68,952,000. CIBC Asset Management Inc lifted its position in Celestica by 7.7% in the fourth quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company's stock valued at $129,499,000 after buying an additional 31,086 shares during the last quarter. Norges Bank purchased a new position in shares of Celestica in the fourth quarter valued at approximately $456,511,000. Marietta Investment Partners LLC acquired a new position in shares of Celestica during the 4th quarter worth about $1,273,000. Finally, BW Gestao de Investimentos Ltda. boosted its holdings in shares of Celestica by 29.9% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 31,179 shares of the technology company's stock valued at $9,217,000 after acquiring an additional 7,179 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Bank of America identified Celestica among 16 AI-related stocks that may offer bargain opportunities following the sector’s pullback. The designation supports the view that recent weakness could attract value-oriented investors. Bank of America Sees Bargains in These 16 Knocked-Down AI Stocks
• Positive Sentiment: Wall Street’s average brokerage recommendation remains favorable, although the reports caution that sell-side ratings can be overly optimistic. Celestica’s prior quarterly results also showed strong momentum, with revenue rising 62.4% year over year and earnings exceeding consensus estimates. Is Celestica a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Analysts continue to view Celestica as an important beneficiary of AI-related demand across networking, computing and data-center infrastructure. A comparison with Arista Networks highlights the company’s potential growth opportunity as customers expand AI capacity. CLS vs. ANET: Which AI Stock Offers the Better Growth Opportunity?
• Neutral Sentiment: Scotiabank began coverage of Celestica, potentially increasing analyst visibility and institutional interest, though the available report does not specify the firm’s rating or price target. Scotiabank Begins Coverage on Celestica
• Positive Sentiment: Industry commentary says electronics-manufacturing providers are benefiting from rising technology investment, increasingly complex products and greater outsourcing by OEMs—favorable long-term conditions for Celestica’s core business. These 4 Electronics-Manufacturing Stocks Are Surging
• Negative Sentiment: CEO Robert Mionis sold 23,496 shares for approximately $8.5 million, reducing his direct ownership by about 50%. Although the transaction was disclosed through an SEC filing and may be routine, the sizable insider sale can weigh on sentiment, particularly after the stock’s substantial run-up.
• Negative Sentiment: The broader AI trade is experiencing a pullback, creating near-term valuation and momentum pressure for high-beta names such as Celestica. Investors may therefore be taking profits despite the company’s favorable growth outlook.

Insider Transactions at Celestica

In other Celestica news, CEO Robert Mionis sold 23,496 shares of Celestica stock in a transaction that occurred on Thursday, August 13th. The shares were 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 directly owned 23,396 shares in the company, valued at $8,478,476.44. The trade was a 50.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction 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 sale, the chief financial officer directly owned 65,444 shares of the company's stock, valued at $24,169,778.08. The trade was a 19.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 360,721 shares of company stock worth $136,627,680. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

CLS has been the subject of several research reports. Rothschild & Co Redburn started coverage on Celestica in a report on Friday, May 1st. They set a "buy" rating and a $460.00 price objective for the company. Susquehanna lifted their price target on shares of Celestica from $460.00 to $510.00 and gave the stock a "positive" rating in a research note on Wednesday, April 29th. Barclays lowered their price target on shares of Celestica from $430.00 to $406.00 and set an "overweight" rating for the company in a research report on Friday, August 7th. Scotiabank started coverage on Celestica in a report on Tuesday, August 11th. They set a "sector outperform" rating and a $500.00 target price on the stock. Finally, TD Securities upgraded Celestica from a "hold" rating to a "buy" rating and set a $430.00 target price on the stock in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $438.86.

Celestica Trading Down 0.2%

Celestica stock opened at $334.44 on Monday. Celestica, Inc. has a one year low of $173.23 and a one year high of $474.02. The company has a market cap of $38.45 billion, a price-to-earnings ratio of 34.76 and a beta of 2.06. The firm has a 50-day moving average of $348.14 and a 200-day moving average of $335.47. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating analysts' consensus estimates of $2.29 by $0.25. The firm had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The company's revenue was up 62.4% compared to the same quarter last year. During the same period in the prior year, the company 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, equities analysts expect that Celestica, Inc. will post 9.97 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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