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

Key Points

• Northwestern Mutual Wealth Management acquired 4,258 Celestica shares worth approximately $1.55 million, while institutional investors collectively own 67.38% of the company.
• Analyst sentiment remains strongly positive: 21 analysts rate CLS a Buy, one rates it a Strong Buy, and one rates it a Hold, with an average price target of $439.81.
• Celestica reported quarterly EPS of $2.54 versus the $2.29 consensus estimate, while revenue rose 62.4% year over year to $4.68 billion. However, insiders sold about 356,553 shares worth $135.2 million over the past 90 days.

Northwestern Mutual Wealth Management Co. bought a new stake 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 firm bought 4,258 shares of the technology company's stock, valued at approximately $1,553,000.

A number of other institutional investors have also made changes to their positions in the business. Viking Global Investors LP bought a new position in Celestica in the third quarter valued at about $424,459,000. Norges Bank acquired a new stake in Celestica in the fourth quarter worth about $456,511,000. AQR Capital Management LLC bought a new stake in Celestica during the 4th quarter worth about $315,497,000. JPMorgan Chase & Co. lifted its position in Celestica by 24.8% during 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 during the period. Finally, BlackRock Inc. acquired a new position in Celestica during the 2nd quarter valued at about $223,849,000. 67.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CLS shares. Rothschild & Co Redburn initiated coverage on shares of Celestica in a research note on Friday, May 1st. They issued a "buy" rating and a $460.00 target price on the stock. JPMorgan Chase & Co. increased their price objective on shares of Celestica from $445.00 to $485.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. The Goldman Sachs Group restated a "buy" rating and issued a $475.00 price objective on shares of Celestica in a report on Tuesday, April 28th. Royal Bank Of Canada raised their price objective on shares of Celestica from $440.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, July 29th. Finally, Zacks Research raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $439.81.

Insider Buying and Selling

In related news, CFO Mandeep Chawla sold 17,000 shares of the business's stock in a transaction that occurred on Monday, June 15th. The shares were 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 in the company, valued at approximately $32,948,744.60. The trade was a 17.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert Mionis sold 98,453 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total transaction of $36,328,172.47. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 356,553 shares of company stock valued at $135,238,444. Corporate insiders own 1.10% of the company's stock.

Celestica Price Performance

Shares of CLS opened at $306.89 on Wednesday. The stock has a market cap of $35.29 billion, a P/E ratio of 31.90 and a beta of 2.06. Celestica, Inc. has a 1 year low of $183.66 and a 1 year high of $474.02. The stock's 50-day moving average price is $337.47 and its two-hundred day moving average price is $335.71. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating analysts' consensus estimates of $2.29 by $0.25. The company had revenue of $4.68 billion during the quarter, compared to analysts' expectations of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.Celestica's revenue was up 62.4% on a year-over-year basis. During the same period in the prior year, the business 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 predict that Celestica, Inc. will post 10.15 earnings per share for the current year.

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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