Mandeep Chawla Sells 17,000 Shares of Celestica (NYSE:CLS) Stock

Celestica, Inc. (NYSE:CLS) (TSE:CLS) CFO Mandeep Chawla sold 17,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the transaction, the chief financial officer directly owned 82,444 shares in the company, valued at $32,948,744.60. This trade represents a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Celestica Price Performance

Shares of NYSE:CLS opened at $372.96 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36. Celestica, Inc. has a 1 year low of $130.68 and a 1 year high of $474.02. The business has a fifty day simple moving average of $382.39 and a 200 day simple moving average of $326.09. The firm has a market cap of $42.88 billion, a price-to-earnings ratio of 45.10, a P/E/G ratio of 0.88 and a beta of 2.02.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The firm had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter last year, the firm earned $1.20 earnings per share. The business’s revenue for the quarter was up 52.8% on a year-over-year basis. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. As a group, sell-side analysts predict that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CLS has been the subject of several recent research reports. Barclays boosted their price target on Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. UBS Group raised their price objective on shares of Celestica from $355.00 to $400.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Weiss Ratings upgraded shares of Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and boosted their target price for the stock from $350.00 to $430.00 in a research report on Wednesday, April 29th. Finally, Rothschild & Co Redburn started coverage on shares of Celestica in a research note on Friday, May 1st. They set a “buy” rating and a $460.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Celestica has an average rating of “Moderate Buy” and a consensus target price of $427.42.

Key Headlines Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Zacks highlighted Celestica as a GARP stock with solid growth potential and attractive valuation, which supports the bullish case for CLS. Add These 4 GARP Stocks to Your Portfolio to Receive Handsome Returns
• Positive Sentiment: Another Zacks note said Celestica has been showing up frequently in investor searches, suggesting growing interest and speculative demand for the stock. Celestica, Inc. (CLS) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Independent commentary also pointed to Celestica as a possible beneficiary of rising data-center demand, a broader industry tailwind that may help the company’s long-term outlook. Celestica, Inc. (CLS) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: CFO Mandeep Chawla sold 17,000 shares, which may be viewed as a cautionary signal because it adds to recent insider selling. SEC filing for Mandeep Chawla sale
• Negative Sentiment: CEO Robert Mionis sold multiple blocks of shares over June 15-17, a larger insider-sales cluster that could weigh on sentiment as investors question whether management is taking profits after a strong run. SEC filing for Robert Mionis sale

Institutional Investors Weigh In On Celestica

Hedge funds have 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 in the fourth quarter valued at about $28,000. Ascentis Independent Advisors acquired a new position in shares of Celestica during the 1st quarter worth about $29,000. Swiss RE Ltd. acquired a new position in shares of Celestica during the 4th quarter worth about $29,000. Cullen Frost Bankers Inc. bought a new stake in Celestica during the 4th quarter valued at approximately $30,000. Finally, Sittner & Nelson LLC bought a new stake in Celestica during the 4th quarter valued at approximately $31,000. 67.38% of the stock is currently owned by institutional investors.

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.