Celestica (NYSE:CLS) President Todd Cooper Sells 20,118 Shares of Company Stock

Key Points

• Celestica President Todd Cooper sold 20,118 shares at an average price of $360, generating proceeds of approximately $7.24 million and reducing his ownership by 21.55% to 73,252 shares.
• CLS shares rose 3.2% to $373.26, while the company reported quarterly EPS of $2.54 and revenue of $4.68 billion, exceeding analyst estimates; revenue increased 62.4% year over year.
• Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and an average price target of $440.50. Institutional investors own approximately 67.38% of the stock.

Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS President Todd Cooper sold 20,118 shares of the stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total value of $7,242,480.00. Following the sale, the president owned 73,252 shares of the company's stock, valued at approximately $26,370,720. This represents a 21.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Celestica Stock Up 3.2%

CLS traded up $11.42 during trading on Thursday, reaching $373.26. 2,961,771 shares of the stock traded hands, compared to its average volume of 2,429,669. The stock's 50-day simple moving average is $323.32 and its two-hundred day simple moving average is $340.83. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68. Celestica, Inc. has a fifty-two week low of $227.00 and a fifty-two week high of $474.02. The stock has a market cap of $42.92 billion, a price-to-earnings ratio of 38.80 and a beta of 2.04.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.25. The business had revenue of $4.68 billion during 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%.The firm's revenue was up 62.4% on a year-over-year basis. During the same period in the previous year, the company earned $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. As a group, equities research analysts expect that Celestica, Inc. will post 10.71 EPS for the current year.

Analyst Upgrades and Downgrades

CLS has been the subject of several recent research reports. FBN Securities began coverage on shares of Celestica in a research report on Tuesday, September 15th. They issued an "outperform" rating and a $375.00 target price for the company. Wolfe Research raised 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. Zacks Research raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 26th. Scotiabank initiated coverage on shares of Celestica in a report on Tuesday, August 11th. They issued a "sector outperform" rating and a $500.00 price objective for the company. Finally, UBS Group upgraded Celestica from a "neutral" rating to a "buy" rating and raised their target price for the company from $410.00 to $430.00 in a report on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating and twenty-three have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $440.50.

Hedge Funds Weigh In On Celestica

Institutional investors have recently modified their holdings of the company. Legacy Wealth Managment LLC ID increased its stake in shares of Celestica by 14.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company's stock worth $63,000 after purchasing an additional 28 shares during the period. Capital Planning LLC boosted its stake in Celestica by 3.2% during the 1st quarter. Capital Planning LLC now owns 1,025 shares of the technology company's stock valued at $289,000 after purchasing an additional 32 shares during the period. PCB Capital LLC grew its holdings in Celestica by 3.5% in the 1st quarter. PCB Capital LLC now owns 995 shares of the technology company's stock valued at $280,000 after buying an additional 34 shares during the last quarter. XML Financial LLC grew its holdings in Celestica by 1.5% in the 2nd quarter. XML Financial LLC now owns 2,640 shares of the technology company's stock valued at $963,000 after buying an additional 40 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in Celestica by 0.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,363 shares of the technology company's stock worth $1,592,000 after buying an additional 40 shares during the period. Institutional investors own 67.38% of the company's stock.

Celestica Company Profile

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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