Celestica, Inc. $CLS Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 436,922 shares of the technology company’s stock after purchasing an additional 31,086 shares during the quarter. CIBC Asset Management Inc’s holdings in Celestica were worth $129,499,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in Celestica by 3.3% during the 4th quarter. Bank of New York Mellon Corp now owns 152,238 shares of the technology company’s stock worth $45,003,000 after purchasing an additional 4,854 shares during the period. Goldman Sachs Group Inc. boosted its stake in Celestica by 25.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,637,367 shares of the technology company’s stock worth $484,022,000 after purchasing an additional 332,641 shares during the period. BW Gestao de Investimentos Ltda. boosted its stake in Celestica by 29.9% during the 4th 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 during the period. Peapack Gladstone Financial Corp acquired a new stake in Celestica during the 4th quarter worth $3,959,000. Finally, AdvisorShares Investments LLC acquired a new stake in Celestica during the 4th quarter worth $157,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Up 10.6%

CLS stock opened at $471.63 on Wednesday. Celestica, Inc. has a one year low of $116.95 and a one year high of $474.03. The stock has a market capitalization of $54.22 billion, a PE ratio of 57.03, a price-to-earnings-growth ratio of 0.99 and a beta of 2.02. 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 company has a fifty day moving average of $353.50 and a 200-day moving average of $318.46.

Celestica (NYSE:CLS) (TSE:CLS) last released its 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. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter last year, the business earned $1.20 EPS. The business’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. As a group, analysts expect that Celestica, Inc. will post 9.5 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Bank of America increased their price target on shares of Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Susquehanna increased their price objective on Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a research report on Wednesday, April 29th. Zacks Research cut Celestica from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $480.00 price objective on shares of Celestica in a research report on Wednesday, April 29th. Finally, TD Cowen raised Celestica from a “hold” rating to a “buy” rating and increased their price objective for the stock from $350.00 to $430.00 in a research report on Wednesday, April 29th. One research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $427.42.

Insider Activity at Celestica

In other news, Director Michael Max Wilson sold 4,168 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total value of $1,389,236.08. Following the completion of the sale, the director directly owned 24,718 shares of the company’s stock, valued at $8,238,756.58. This trade represents a 14.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.10% of the stock is owned by corporate insiders.

Celestica 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.