OMERS ADMINISTRATION Corp Makes New Investment in Celestica, Inc. $CLS

Key Points

• OMERS Administration Corp. purchased 104,644 Celestica shares worth approximately $38.2 million, giving it a 0.09% stake. Institutional investors collectively own 67.38% of the company.
• Celestica reported strong quarterly results, with EPS of $2.54 versus a $2.29 estimate and revenue of $4.68 billion, up 62.4% year over year.
• Analyst sentiment remains positive, with an overall “Buy” consensus and an average price target of $439.81, although company insiders sold 356,553 shares worth about $135.2 million over the past 90 days.

OMERS ADMINISTRATION Corp purchased a new position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 104,644 shares of the technology company's stock, valued at approximately $38,151,000. OMERS ADMINISTRATION Corp owned about 0.09% of Celestica at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Celestica in the 4th quarter worth approximately $28,000. Ascentis Independent Advisors acquired a new position in Celestica in the 1st quarter valued at $29,000. Swiss RE Ltd. bought a new position in Celestica in the 4th quarter worth $29,000. Cullen Frost Bankers Inc. acquired a new position in Celestica during the 4th quarter worth $30,000. Finally, Sittner & Nelson LLC acquired a new position in Celestica during the 4th quarter worth $31,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Insider Activity

In other 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 value of $8,514,715.44. Following the completion of the transaction, the chief executive officer owned 23,396 shares in the company, valued at approximately $8,478,476.44. The trade was a 50.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mandeep Chawla sold 16,117 shares of the firm's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value 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. This represents a 19.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 356,553 shares of company stock worth $135,238,444. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on CLS. Citigroup boosted their price objective on Celestica from $338.00 to $415.00 and gave the stock a "buy" rating in a research report on Wednesday, April 29th. BWS Financial reaffirmed a "buy" rating on shares of Celestica in a research report on Tuesday, July 28th. Bank of America restated a "buy" rating on shares of Celestica in a research report on Wednesday, July 29th. TD Securities raised Celestica from a "hold" rating to a "buy" rating and set a $430.00 target price on the stock in a research report on Wednesday, April 29th. Finally, Rothschild & Co Redburn initiated coverage on Celestica in a report on Friday, May 1st. They set a "buy" rating and a $460.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $439.81.

Celestica Trading Down 0.2%

CLS stock opened at $296.03 on Monday. Celestica, Inc. has a 1-year low of $179.01 and a 1-year high of $474.02. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The business's 50 day moving average is $341.15 and its 200-day moving average is $335.51. The firm has a market cap of $34.04 billion, a P/E ratio of 30.77 and a beta of 2.06.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the company earned $1.39 EPS. Celestica's revenue was up 62.4% on a year-over-year basis. 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 analysts anticipate that Celestica, Inc. will post 10.15 earnings per share for the current fiscal 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source