Independent Financial Group LLC Invests $2.84 Million in Celestica, Inc. $CLS

Posted by Brenda Bartman on Jul 19th, 2026

Independent Financial Group LLC acquired a new stake in shares of Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) during the first quarter, HoldingsChannel reports. The fund acquired 10,094 shares of the technology company’s stock, valued at approximately $2,840,000.

Several other institutional investors also recently bought and sold shares of the business. Spire Wealth Management raised its position in shares of Celestica by 354.3% in the 4th quarter. Spire Wealth Management now owns 5,979 shares of the technology company’s stock worth $1,767,000 after acquiring an additional 4,663 shares in the last quarter. CIBC Asset Management Inc grew its stake in Celestica by 7.7% in the fourth quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock valued at $129,499,000 after purchasing an additional 31,086 shares during the last quarter. Norges Bank purchased a new position in Celestica in the fourth quarter valued at about $456,511,000. Marietta Investment Partners LLC bought a new position in Celestica in the fourth quarter worth about $1,273,000. Finally, BW Gestao de Investimentos Ltda. raised its holdings in Celestica by 29.9% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 31,179 shares of the technology company’s stock worth $9,217,000 after purchasing an additional 7,179 shares in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Susquehanna raised their price target on shares of Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. Zacks Research upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. The Goldman Sachs Group reissued a “buy” rating and set a $475.00 target price on shares of Celestica in a research report on Tuesday, April 28th. TD Securities upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 target price for the company in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada lifted their price target on shares of Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Two 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. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $427.42.

View Our Latest Analysis on CLS

Celestica Price Performance

Shares of CLS stock opened at $301.31 on Friday. Celestica, Inc. has a fifty-two week low of $153.11 and a fifty-two week high of $474.02. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26. The firm has a market capitalization of $34.64 billion, a price-to-earnings ratio of 36.43, a PEG ratio of 0.70 and a beta of 2.05. The stock’s 50-day simple moving average is $366.97 and its 200-day simple moving average is $331.34.

Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last announced its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, beating 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 net margin of 6.95% and a return on equity of 36.91%. Celestica’s revenue was up 52.8% on a year-over-year basis. During the same period last year, the firm 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 analysts forecast that Celestica, Inc. will post 9.57 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction dated 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 sale, the chief financial officer owned 82,444 shares of the company’s stock, valued at $32,948,744.60. The trade was a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 completion of the transaction, the director owned 24,718 shares in the company, valued at approximately $8,238,756.58. This trade 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. Company insiders own 1.10% of the company’s stock.

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.