Celestica (NYSE:CLS) CEO Robert Mionis Sells 23,396 Shares of Stock

Key Points

• Celestica CEO Robert Mionis sold 23,396 shares at an average price of $364.22, totaling approximately $8.52 million. The sale adds to several insider transactions in recent months.
• Celestica shares rose 3.2% to $373.26, with the stock carrying a $42.92 billion market capitalization and trading well above its 50-day moving average.
• The company reported strong quarterly results, including $2.54 in EPS and $4.68 billion in revenue, while analysts maintain a “Buy” consensus and an average price target of $440.50.

Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS CEO Robert Mionis sold 23,396 shares of the firm's stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $364.22, for a total value of $8,521,291.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Robert Mionis also recently made the following trade(s):

• On Thursday, August 13th, Robert Mionis sold 23,496 shares of Celestica stock. The shares were sold at an average price of $362.39, for a total value of $8,514,715.44.
• On Tuesday, August 4th, Robert Mionis sold 98,453 shares of Celestica stock. The stock was sold at an average price of $368.99, for a total value of $36,328,172.47.
• On Wednesday, August 5th, Robert Mionis sold 51,061 shares of Celestica stock. The stock was sold at an average price of $368.41, for a total value of $18,811,383.01.
• On Friday, July 31st, Robert Mionis sold 9,543 shares of Celestica stock. The shares were sold at an average price of $367.49, for a total value of $3,506,957.07.

Celestica Trading Up 3.2%

CLS stock traded up $11.42 on Thursday, reaching $373.26. The company's stock had a trading volume of 2,961,771 shares, compared to its average volume of 2,429,669. The firm has a market cap of $42.92 billion, a PE ratio of 38.80 and a beta of 2.04. The business has a fifty day simple moving average of $323.32 and a two-hundred day simple moving average of $340.83. Celestica, Inc. has a 12-month low of $227.00 and a 12-month high of $474.02. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23.

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, beating analysts' consensus estimates of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the firm earned $1.39 EPS. The company's quarterly 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. As a group, research analysts forecast that Celestica, Inc. will post 10.71 EPS for the current year.

Analysts Set New Price Targets

CLS has been the topic of several research reports. Stifel Nicolaus set a $500.00 price objective on Celestica in a research report on Tuesday, July 28th. Royal Bank Of Canada set a $450.00 target price on Celestica and gave the stock an "outperform" rating in a research report on Wednesday, August 26th. Weiss Ratings lowered Celestica from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, August 13th. BWS Financial restated a "buy" rating on shares of Celestica in a research report on Tuesday, July 28th. Finally, Wolfe Research increased their price objective on Celestica from $425.00 to $475.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating and twenty-three have given a Buy rating to the company's stock. According to MarketBeat, Celestica currently has an average rating of "Buy" and an average price target of $440.50.

Institutional Trading of Celestica

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Washington Trust Advisors Inc. bought a new stake in Celestica in the second quarter worth $28,000. Sittner & Nelson LLC purchased a new position in shares of Celestica in the 4th quarter worth about $31,000. Ascentis Independent Advisors bought a new position in Celestica in the 1st quarter worth about $29,000. Harbor Investment Advisory LLC purchased a new stake in Celestica during the 2nd quarter valued at about $58,000. Finally, Continuum Advisory LLC bought a new stake in Celestica during the 2nd quarter valued at about $62,000. Hedge funds and other institutional investors own 67.38% of the company's stock.

About Celestica

Celestica Inc NYSE: CLS is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.

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