Northwestern Mutual Wealth Management Co. Has $1.55 Million Position in Celestica, Inc. $CLS

Key Points

• Northwestern Mutual Wealth Management increased its Celestica stake by 1,011.7% in the second quarter, bringing its holdings to 4,258 shares valued at approximately $1.55 million. Institutional investors and hedge funds collectively own 67.38% of the company.
• Celestica reported strong quarterly results, with earnings of $2.54 per share and revenue of $4.68 billion, exceeding analyst expectations and representing 62.4% year-over-year revenue growth.
• Analysts remain broadly positive, with a consensus “Buy” rating and an average price target of $439.81, although company insiders—including the CEO and CFO—have recently sold substantial amounts of stock.

Northwestern Mutual Wealth Management Co. lifted its stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 1,011.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,258 shares of the technology company's stock after purchasing an additional 3,875 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Celestica were worth $1,553,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Celestica during the fourth quarter worth $28,000. Swiss RE Ltd. acquired a new stake in shares of Celestica during the 4th quarter valued at $29,000. Ascentis Independent Advisors bought a new stake in Celestica during the 1st quarter worth $29,000. Cullen Frost Bankers Inc. acquired a new position in Celestica in the 4th quarter worth about $30,000. Finally, Sittner & Nelson LLC acquired a new stake in shares of Celestica during the fourth quarter valued at about $31,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Price Performance

Shares of NYSE CLS opened at $312.84 on Friday. The company has a market capitalization of $35.97 billion, a PE ratio of 32.52 and a beta of 2.04. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. Celestica, Inc. has a twelve month low of $227.00 and a twelve month high of $474.02. The firm has a fifty day simple moving average of $327.47 and a 200 day simple moving average of $335.77.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping 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 firm had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the business posted $1.39 EPS. The business's 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, sell-side analysts forecast that Celestica, Inc. will post 10.71 EPS for the current year.

Analysts Set New Price Targets

CLS has been the subject of a number of research reports. Weiss Ratings lowered shares of Celestica from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. Zacks Research raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 26th. BWS Financial reissued a "buy" rating on shares of Celestica in a research note on Tuesday, July 28th. Wolfe Research increased their price objective on Celestica from $425.00 to $475.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. Finally, Wall Street Zen lowered Celestica from a "buy" rating to a "hold" rating in a research report on Saturday, August 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $439.81.

Insider Activity at Celestica

In other Celestica news, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was 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 approximately $24,169,778.08. This represents a 19.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert Mionis sold 23,496 shares of Celestica stock in a transaction 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 owned 23,396 shares of the company's stock, valued at $8,478,476.44. This represents a 50.11% 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 ninety days. 1.10% of the stock is currently owned by insiders.

Celestica 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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