Celestica, Inc. $CLS Shares Sold by Capital World Investors

Capital World Investors lowered its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 632,443 shares of the technology company’s stock after selling 21,702 shares during the period. Capital World Investors’ holdings in Celestica were worth $186,957,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new position in Celestica during the 4th quarter worth $30,000. Sittner & Nelson LLC purchased a new position in Celestica during the 4th quarter worth $31,000. Atlantic Edge Private Wealth Management LLC purchased a new position in Celestica during the 4th quarter worth $38,000. Northwestern Mutual Wealth Management Co. raised its position in Celestica by 117.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 137 shares of the technology company’s stock worth $40,000 after buying an additional 74 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in Celestica by 48.7% during the 3rd quarter. Fifth Third Bancorp now owns 171 shares of the technology company’s stock worth $42,000 after buying an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CLS. Wolfe Research upgraded shares of Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th. BMO Capital Markets upped their price objective 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. JPMorgan Chase & Co. upped their price objective on shares of Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Bank of America upped their price objective on shares of Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Finally, TD Cowen upgraded shares of Celestica from a “hold” rating to a “buy” rating and upped their price objective for the stock from $350.00 to $430.00 in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Celestica currently has a consensus rating of “Moderate Buy” and an average price target of $427.42.

Insiders Place Their Bets

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were 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 directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.10% of the company’s stock.

Celestica Stock Performance

NYSE:CLS opened at $385.55 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $367.06 and a two-hundred day moving average price of $322.44. Celestica, Inc. has a twelve month low of $117.28 and a twelve month high of $474.02. The company has a market capitalization of $44.33 billion, a P/E ratio of 46.62, a price-to-earnings-growth ratio of 0.86 and a beta of 2.02.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, beating 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 firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period last year, the firm posted $1.20 EPS. The firm’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, research analysts expect that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

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.