Jupiter Topco LLC Takes Position in Celestica, Inc. $CLS

Key Points

• Jupiter Topco LLC acquired 7,600 Celestica shares worth approximately $2.77 million, while institutional investors and hedge funds collectively own 67.38% of the company.
• Analysts maintain a broadly positive outlook, with an average rating of “Buy” and an average price target of $439.81; UBS upgraded the stock to “Buy,” while other firms issued mixed rating changes.
• Celestica reported quarterly EPS of $2.54 and revenue of $4.68 billion, beating estimates and marking 62.4% year-over-year revenue growth. However, insiders sold 356,553 shares worth about $135.2 million during the last quarter.

Jupiter Topco LLC acquired a new position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,600 shares of the technology company's stock, valued at approximately $2,774,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Legacy Wealth Managment LLC ID boosted its position in shares of Celestica by 14.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company's stock valued at $63,000 after purchasing an additional 28 shares during the period. Capital Planning LLC raised its holdings 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 holdings in Celestica by 3.5% during the 1st quarter. PCB Capital LLC now owns 995 shares of the technology company's stock worth $280,000 after buying an additional 34 shares during the period. Avantax Planning Partners Inc. lifted its stake in Celestica by 2.7% during the fourth quarter. Avantax Planning Partners Inc. now owns 1,528 shares of the technology company's stock valued at $452,000 after buying an additional 40 shares in the last quarter. Finally, Park Square Financial Group LLC lifted its stake in Celestica by 36.3% during the fourth quarter. Park Square Financial Group LLC now owns 154 shares of the technology company's stock valued at $46,000 after buying an additional 41 shares in the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Celestica from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, August 13th. Stifel Nicolaus set a $500.00 price objective on shares of Celestica in a research note on Tuesday, July 28th. UBS Group upgraded shares of Celestica from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $410.00 to $430.00 in a research report on Monday, August 24th. Wall Street Zen downgraded shares of Celestica from a "buy" rating to a "hold" rating in a research note on Saturday, August 29th. Finally, Zacks Research upgraded Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $439.81.

Insider Buying and Selling

In other news, CFO Mandeep Chawla sold 16,117 shares of the business's 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 transaction, the chief financial officer directly owned 65,444 shares in the company, valued at $24,169,778.08. The trade was a 19.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert Mionis sold 23,496 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 23,396 shares in the company, valued at $8,478,476.44. This trade represents a 50.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 356,553 shares of company stock valued at $135,238,444. Insiders own 1.10% of the company's stock.

Celestica Price Performance

Shares of CLS opened at $277.04 on Thursday. The company has a market capitalization of $31.85 billion, a price-to-earnings ratio of 28.80 and a beta of 2.04. Celestica, Inc. has a fifty-two week low of $199.78 and a fifty-two week high of $474.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68. The business's 50-day moving average is $328.98 and its 200-day moving average is $335.73.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping 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%. The firm's revenue was up 62.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 earnings per share. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Equities research analysts expect that Celestica, Inc. will post 10.71 EPS 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.

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