Sanctuary Advisors LLC Makes New Investment in Celestica, Inc. $CLS

Sanctuary Advisors LLC purchased a new position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 34,994 shares of the technology company's stock, valued at approximately $12,763,000.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CLS shares. BWS Financial reissued a "buy" rating on shares of Celestica in a report on Tuesday, July 28th. Zacks Research upgraded Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 26th. UBS Group raised Celestica from a "neutral" rating to a "buy" rating and set a $430.00 target price on the stock in a research report on Monday. Susquehanna raised their target price on Celestica from $460.00 to $510.00 and gave the company a "positive" rating in a research note on Wednesday, April 29th. Finally, Wolfe Research boosted their price target on shares of Celestica from $425.00 to $475.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. One equities 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's stock. Based on data from MarketBeat, Celestica presently has an average rating of "Buy" and an average price target of $439.81.

Celestica Price Performance

Shares of NYSE:CLS opened at $296.03 on Monday. The firm's 50 day moving average is $341.15 and its two-hundred day moving average is $335.51. The firm has a market capitalization of $34.04 billion, a P/E ratio of 30.77 and a beta of 2.06. 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, 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 issued its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share (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 period in the previous year, the firm posted $1.39 earnings per share. The business'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. Analysts anticipate that Celestica, Inc. will post 10.15 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Robert Mionis sold 98,453 shares of Celestica stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total transaction of $36,328,172.47. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction dated 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 sale, the chief financial officer owned 82,444 shares in the company, valued at approximately $32,948,744.60. This represents a 17.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 356,553 shares of company stock valued at $135,238,444 in the last quarter. 1.10% of the stock is currently owned by insiders.

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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