Celestica, Inc. $CLS Holdings Reduced by Straight Path Wealth Management

Straight Path Wealth Management decreased its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 88.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,350 shares of the technology company’s stock after selling 18,150 shares during the period. Straight Path Wealth Management’s holdings in Celestica were worth $695,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Celestica by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company’s stock worth $1,423,333,000 after purchasing an additional 73,022 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Celestica by 5,806,149.2% in 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 lifted its stake in shares of Celestica by 471.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock worth $775,133,000 after acquiring an additional 2,596,318 shares during the period. Cibc World Market Inc. boosted its holdings in shares of Celestica by 30.6% in the fourth quarter. Cibc World Market Inc. now owns 2,265,680 shares of the technology company’s stock valued at $670,279,000 after acquiring an additional 530,535 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Celestica by 4.8% in the third quarter. Franklin Resources Inc. now owns 1,921,417 shares of the technology company’s stock valued at $473,386,000 after acquiring an additional 88,212 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Insider Activity at Celestica

In related news, Director Michael Max Wilson sold 4,168 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were 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 owned 24,718 shares in the company, valued at approximately $8,238,756.58. This represents a 14.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Down 7.3%

CLS stock opened at $424.66 on Friday. Celestica, Inc. has a 12 month low of $117.28 and a 12 month high of $474.02. The firm has a market cap of $48.82 billion, a PE ratio of 51.35, a P/E/G ratio of 1.07 and a beta of 2.02. The firm has a 50 day simple moving average of $363.43 and a 200 day simple moving average of $321.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73.

Celestica (NYSE:CLS) (TSE:CLS) last released its 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 net margin of 6.95% and a return on equity of 36.91%. The business had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period in the prior year, the business earned $1.20 earnings per share. The business’s quarterly 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. Equities research analysts forecast that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CLS has been the subject of several recent analyst reports. UBS Group increased their price objective on shares of Celestica from $355.00 to $400.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Citigroup increased their price objective on shares of Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Stifel Nicolaus set a $445.00 price objective on shares of Celestica in a report on Tuesday, April 28th. TD increased their price objective on shares of Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a report on Monday, April 20th. Finally, Susquehanna increased their price objective on shares of Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $427.42.

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.