Kendall Capital Management Takes Position in Celestica, Inc. $CLS

Key Points

• Kendall Capital Management acquired 18,812 Celestica shares worth approximately $6.9 million in the second quarter, making CLS about 1.1% of its portfolio. Institutional investors collectively own 67.38% of the company.
• Celestica reported strong quarterly results, with earnings per share of $2.54 versus the $2.29 consensus estimate and revenue of $4.68 billion, up 62.4% year over year.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and an average price target of $438.86; however, company insiders sold about $135.2 million of stock over the past 90 days.

Kendall Capital Management acquired a new position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,812 shares of the technology company's stock, valued at approximately $6,863,000. Celestica comprises approximately 1.1% of Kendall Capital Management's holdings, making the stock its 20th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Celestica by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company's stock valued at $1,423,333,000 after purchasing an additional 73,022 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Celestica by 24.8% during the fourth quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company's stock valued at $1,187,650,000 after buying an additional 798,782 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Celestica by 5,806,149.2% in the fourth 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 buying an additional 3,657,874 shares during the period. Franklin Resources Inc. grew its position in Celestica by 18.6% during the fourth quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company's stock worth $673,471,000 after buying an additional 356,797 shares in the last quarter. Finally, Cibc World Market Inc. increased its stake in Celestica by 30.6% during the fourth quarter. Cibc World Market Inc. now owns 2,265,680 shares of the technology company's stock valued at $670,279,000 after acquiring an additional 530,535 shares during the period. Institutional investors own 67.38% of the company's stock.

Insider Activity

In other news, CEO Robert Mionis sold 23,496 shares of the company's 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 transaction, the chief executive officer directly owned 23,396 shares in the company, valued at approximately $8,478,476.44. This represents a 50.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction that occurred 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 in the company, valued at $24,169,778.08. This trade represents a 19.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 356,553 shares of company stock valued at $135,238,444 in the last 90 days. Corporate insiders own 1.10% of the company's stock.

Celestica Price Performance

Celestica stock opened at $296.03 on Friday. The business's fifty day moving average is $341.15 and its two-hundred day moving average is $335.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. The firm has a market cap of $34.04 billion, a P/E ratio of 30.77 and a beta of 2.06. Celestica, Inc. has a 52 week low of $179.01 and a 52 week high of $474.02.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced 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. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The company had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the company posted $1.39 earnings per share. The firm'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. Equities research analysts forecast that Celestica, Inc. will post 10.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. TD Securities raised shares of Celestica from a "hold" rating to a "buy" rating and set a $430.00 price target on the stock in a report on Wednesday, April 29th. JPMorgan Chase & Co. upped their target price on shares of Celestica from $445.00 to $485.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Zacks Research raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 26th. Rothschild & Co Redburn assumed coverage on shares of Celestica in a research note on Friday, May 1st. They set a "buy" rating and a $460.00 price target for the company. Finally, Barclays decreased their price objective on Celestica from $430.00 to $406.00 and set an "overweight" rating on the stock in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Celestica presently has a consensus rating of "Moderate Buy" and an average price target of $438.86.

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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