Bank of New York Mellon Corp Has $42.08 Million Stock Position in Celestica, Inc. $CLS

Bank of New York Mellon Corp lowered its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 1.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,405 shares of the technology company’s stock after selling 2,833 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.13% of Celestica worth $42,084,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Celestica during the fourth quarter valued at approximately $28,000. Ascentis Independent Advisors acquired a new position in Celestica in the 1st quarter worth approximately $29,000. Swiss RE Ltd. purchased a new position in Celestica during the 4th quarter worth approximately $29,000. Cullen Frost Bankers Inc. purchased a new position in Celestica during the 4th quarter worth approximately $30,000. Finally, Sittner & Nelson LLC acquired a new stake in Celestica during the 4th quarter valued at $31,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on CLS shares. Royal Bank Of Canada raised their target price on Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Susquehanna increased their price objective on Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Rothschild & Co Redburn began coverage on Celestica in a research report on Friday, May 1st. They set a “buy” rating and a $460.00 price objective for the company. Barclays lifted their target price on Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings lowered shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Celestica has a consensus rating of “Buy” and a consensus price target of $427.42.

Insiders Place Their Bets

In related news, CEO Robert Mionis sold 18,176 shares of Celestica stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $385.17, for a total value of $7,000,849.92. Following the completion of the sale, the chief executive officer owned 60,384 shares of the company’s stock, valued at approximately $23,258,105.28. The trade was a 23.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction on 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 completion of the sale, the chief financial officer directly owned 82,444 shares of the company’s stock, valued at approximately $32,948,744.60. The trade was a 17.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 161,168 shares of company stock valued at $63,190,485 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Celestica Stock Performance

Shares of CLS stock opened at $305.05 on Friday. Celestica, Inc. has a fifty-two week low of $164.52 and a fifty-two week high of $474.02. The stock’s 50-day moving average is $362.06 and its two-hundred day moving average is $332.23. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. The firm has a market cap of $35.07 billion, a P/E ratio of 36.89, a PEG ratio of 0.77 and a beta of 2.05.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, beating the consensus estimate of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The business had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the previous year, the business posted $1.20 EPS. The firm’s quarterly revenue was up 52.8% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Analysts predict that Celestica, Inc. will post 9.57 earnings per share for the current fiscal year.

About Celestica

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.