Celestica, Inc. $CLS Shares Sold by Employees Retirement System of Texas

Employees Retirement System of Texas reduced its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,919 shares of the technology company’s stock after selling 3,136 shares during the period. Employees Retirement System of Texas’ holdings in Celestica were worth $8,844,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CLS. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 worth $1,081,323,000 after purchasing an additional 3,657,874 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Celestica by 471.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock worth $775,133,000 after purchasing an additional 2,596,318 shares during the last quarter. Viking Global Investors LP acquired a new position in shares of Celestica during the 3rd quarter worth approximately $424,459,000. BNP Paribas Financial Markets raised its position in shares of Celestica by 6,788.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 438,777 shares of the technology company’s stock worth $108,106,000 after purchasing an additional 432,407 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of Celestica by 1,249.0% during the 3rd quarter. Marshall Wace LLP now owns 278,928 shares of the technology company’s stock worth $68,722,000 after purchasing an additional 258,251 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction on 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 sale, the director directly owned 24,718 shares of the company’s stock, valued at $8,238,756.58. The trade was a 14.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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.

Wall Street Analysts Forecast Growth

CLS has been the subject of several analyst reports. Citigroup boosted their price target on Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Zacks Research downgraded Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. TD boosted their price target on Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a report on Monday, April 20th. Rothschild & Co Redburn initiated coverage on Celestica in a report on Friday, May 1st. They issued a “buy” rating and a $460.00 price target for the company. Finally, Susquehanna boosted their price target on Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Celestica has a consensus rating of “Moderate Buy” and a consensus price target of $427.42.

Celestica Stock Up 1.1%

Shares of NYSE CLS opened at $371.25 on Wednesday. Celestica, Inc. has a 52-week low of $110.54 and a 52-week high of $435.00. The firm has a fifty day moving average of $345.30 and a 200-day moving average of $317.19. The stock has a market capitalization of $42.68 billion, a PE ratio of 44.89, a P/E/G ratio of 0.85 and a beta of 2.09. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) 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 company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the previous year, the company earned $1.20 EPS. The business’s quarterly revenue was up 52.8% compared to the same quarter last year. 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, analysts anticipate that Celestica, Inc. will post 9.5 EPS for the current 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.