Quantbot Technologies LP Buys New Stake in Celestica, Inc. $CLS

Key Points

• Quantbot Technologies acquired 3,458 Celestica shares during the second quarter, valued at approximately $1.26 million. Institutional investors and hedge funds collectively own 67.38% of the company.
• Analysts remain broadly bullish, with 21 Buy ratings and one Strong Buy; Celestica has an average rating of “Buy” and a consensus price target of $439.81.
• Celestica reported quarterly EPS of $2.54, beating estimates of $2.29, while revenue rose 62.4% year over year to $4.68 billion. However, company insiders sold roughly $135.2 million of shares over the past three months.

Quantbot Technologies LP purchased a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,458 shares of the technology company's stock, valued at approximately $1,261,000.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CLS. Rothschild & Co Redburn initiated coverage on Celestica in a report on Friday, May 1st. They issued a "buy" rating and a $460.00 price target for the company. Weiss Ratings cut shares of Celestica from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, August 13th. Royal Bank Of Canada lifted their target price on shares of Celestica from $440.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. Citigroup boosted their target price on shares of Celestica from $338.00 to $415.00 and gave the company a "buy" rating in a research note on Wednesday, April 29th. Finally, Scotiabank assumed coverage on shares of Celestica in a report on Tuesday, August 11th. They set a "sector outperform" rating and a $500.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $439.81.

Insiders Place Their Bets

In related news, CEO Robert Mionis sold 23,496 shares of the business's stock in a transaction 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 sale, the chief executive officer owned 23,396 shares of the company's stock, valued at approximately $8,478,476.44. The trade was a 50.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mandeep Chawla sold 16,117 shares of the business's stock in a transaction 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 completion of the sale, the chief financial officer directly owned 65,444 shares of the company's stock, valued at approximately $24,169,778.08. The trade was a 19.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 356,553 shares of company stock worth $135,238,444 in the last three months. 1.10% of the stock is owned by corporate insiders.

Celestica Price Performance

Shares of Celestica stock opened at $306.89 on Wednesday. The firm has a market cap of $35.29 billion, a PE ratio of 31.90 and a beta of 2.06. Celestica, Inc. has a twelve month low of $183.66 and a twelve month high of $474.02. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $337.47 and a 200 day moving average price of $335.71.

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

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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