Kestra Advisory Services LLC lowered its stake in Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) by 43.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,975 shares of the technology company’s stock after selling 16,122 shares during the quarter. Kestra Advisory Services LLC’s holdings in Celestica were worth $5,908,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Capital Planning LLC raised its holdings in shares of Celestica by 3.2% in the first quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock worth $289,000 after acquiring an additional 32 shares during the last quarter. Seelaus Asset Management LLC acquired a new stake in shares of Celestica during the first quarter valued at $586,000. Frank Rimerman Advisors LLC boosted its stake in shares of Celestica by 18.2% during the first quarter. Frank Rimerman Advisors LLC now owns 1,011 shares of the technology company’s stock valued at $285,000 after acquiring an additional 156 shares during the last quarter. PCB Capital LLC increased its position in Celestica by 3.5% during the 1st quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock worth $280,000 after purchasing an additional 34 shares in the last quarter. Finally, Cvfg LLC purchased a new stake in Celestica during the 1st quarter worth about $6,794,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on CLS shares. TD Securities upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 target price on the stock in a report on Wednesday, April 29th. The Goldman Sachs Group reiterated a “buy” rating and set a $475.00 price target on shares of Celestica in a report on Tuesday, April 28th. TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and boosted their price objective for the company from $350.00 to $430.00 in a research report on Wednesday, April 29th. TD upped their price objective on shares of Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a research note on Monday, April 20th. Finally, BMO Capital Markets raised their target price on shares of Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $427.42.
Celestica Stock Performance
NYSE CLS opened at $334.62 on Thursday. The business’s 50-day moving average price is $370.09 and its 200 day moving average price is $331.55. Celestica, Inc. has a twelve month low of $153.11 and a twelve month high of $474.02. The company has a market capitalization of $38.47 billion, a PE ratio of 40.46, a price-to-earnings-growth ratio of 0.80 and a beta of 2.05. 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 (NYSE:CLS – Get Free Report) (TSE:CLS) last posted 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 company 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 earned $1.20 EPS. The firm’s revenue 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. On average, research analysts predict that Celestica, Inc. will post 9.5 earnings per share for the current year.
Insider Buying and Selling
In related news, CFO Mandeep Chawla sold 17,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 82,444 shares of the company’s stock, valued at approximately $32,948,744.60. This represents a 17.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $8,238,756.58. This represents a 14.43% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 161,168 shares of company stock valued at $63,190,485. Insiders own 1.10% of the company’s stock.
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.
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