University of Texas Texas AM Investment Management Co. Acquires New Stake in Celestica, Inc. $CLS

University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Celestica, Inc. (NYSE:CLSFree Report) (TSE:CLS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,887 shares of the technology company’s stock, valued at approximately $558,000.

A number of other large investors also recently bought and sold shares of CLS. Northwestern Mutual Wealth Management Co. boosted its holdings in Celestica by 5,806,149.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after acquiring an additional 3,657,874 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Celestica by 471.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock valued at $775,133,000 after acquiring an additional 2,596,318 shares during the period. Viking Global Investors LP purchased a new position in Celestica during the 3rd quarter valued at $424,459,000. Norges Bank purchased a new position in Celestica during the 4th quarter valued at $456,511,000. Finally, JPMorgan Chase & Co. boosted its holdings in Celestica by 24.8% during the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock valued at $1,187,650,000 after acquiring an additional 798,782 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Insider Activity at Celestica

In related news, Director Michael Max Wilson sold 4,168 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the transaction, the director directly owned 24,718 shares of the company’s stock, valued at $8,238,756.58. This represents a 14.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CLS. Rothschild & Co Redburn initiated coverage on Celestica in a report on Friday, May 1st. They set a “buy” rating and a $460.00 price objective for the company. Barclays upped their target price on Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. upped their target price on Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. The Goldman Sachs Group reiterated a “buy” rating and issued a $475.00 target price on shares of Celestica in a report on Tuesday, April 28th. Finally, TD upped their target price on Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $427.42.

Get Our Latest Analysis on CLS

Celestica Trading Down 5.2%

CLS opened at $382.40 on Wednesday. The firm has a market cap of $43.96 billion, a price-to-earnings ratio of 46.24, a PEG ratio of 0.94 and a beta of 2.02. 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 12 month low of $128.24 and a 12 month high of $474.02. The stock has a fifty day moving average price of $379.10 and a 200-day moving average price of $325.55.

Celestica (NYSE:CLSGet Free Report) (TSE:CLS) last released its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, topping the consensus estimate of $2.08 by $0.08. The firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The business’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 EPS. 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, equities research analysts anticipate that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

About Celestica

(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.

Recommended Stories

Institutional Ownership by Quarter for Celestica (NYSE:CLS)

Receive News & Ratings for Celestica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celestica and related companies with MarketBeat.com's FREE daily email newsletter.