Wellington Management Group LLP Buys Shares of 807,509 Celestica, Inc. $CLS

by · The Markets Daily

Wellington Management Group LLP purchased a new stake in shares of Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 807,509 shares of the technology company’s stock, valued at approximately $294,573,000.

A number of other institutional investors have also added to or reduced their stakes in CLS. NewGen Equity Long Short Fund bought a new position in Celestica during the second quarter valued at approximately $14,050,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Celestica by 7,646.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company’s stock valued at $157,000 after acquiring an additional 994 shares during the period. First Trust Advisors LP raised its position in Celestica by 30.0% during the 2nd quarter. First Trust Advisors LP now owns 78,061 shares of the technology company’s stock valued at $12,197,000 after purchasing an additional 18,025 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Celestica by 385.8% in the second quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company’s stock worth $438,000 after acquiring an additional 2,226 shares during the period. Finally, HUB Investment Partners LLC lifted its position in shares of Celestica by 11.0% in the 2nd quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company’s stock worth $497,000 after purchasing an additional 315 shares during the period. Institutional investors own 67.38% of the company’s stock.

Celestica Trading Up 0.1%

Shares of NYSE CLS opened at $298.87 on Monday. The firm’s 50 day moving average price is $333.42 and its 200-day moving average price is $335.73. Celestica, Inc. has a 52-week low of $183.66 and a 52-week 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. The company has a market cap of $34.36 billion, a PE ratio of 31.07 and a beta of 2.06.

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 for the quarter, beating the consensus estimate of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The company 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 firm earned $1.39 earnings per share. The firm’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. On average, equities research analysts expect that Celestica, Inc. will post 10.71 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Mandeep Chawla sold 16,117 shares of the 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 sale, the chief financial officer directly owned 65,444 shares of the company’s stock, valued at $24,169,778.08. This trade represents a 19.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert Mionis sold 23,496 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was 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 directly owned 23,396 shares of the company’s stock, valued at approximately $8,478,476.44. This trade represents a 50.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 356,553 shares of company stock valued at $135,238,444. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CLS shares. Canadian Imperial Bank of Commerce upped their price objective on shares of Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Stifel Nicolaus set a $500.00 price target on Celestica in a research note on Tuesday, July 28th. Weiss Ratings lowered Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Bank of America reissued a “buy” rating on shares of Celestica in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $439.81.

Get Our Latest Research Report on CLS

Celestica Profile

(Free Report)

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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