Celestica, Inc. $CLS Shares Sold by Axiom Investors LLC DE

Axiom Investors LLC DE trimmed its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 28.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 66,713 shares of the technology company’s stock after selling 26,031 shares during the period. Axiom Investors LLC DE’s holdings in Celestica were worth $19,721,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new stake in Celestica in the 4th quarter valued at about $30,000. Sittner & Nelson LLC purchased a new position in shares of Celestica in the fourth quarter worth approximately $31,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Celestica during the fourth quarter valued at approximately $38,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Celestica by 117.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 137 shares of the technology company’s stock valued at $40,000 after acquiring an additional 74 shares during the period. Finally, Park Square Financial Group LLC raised its holdings in shares of Celestica by 36.3% during the fourth quarter. Park Square Financial Group LLC now owns 154 shares of the technology company’s stock valued at $46,000 after acquiring an additional 41 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CLS shares. BMO Capital Markets boosted their price target on shares of Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Wolfe Research upgraded shares of Celestica to a “strong-buy” rating in a report on Tuesday, February 17th. JPMorgan Chase & Co. boosted their price target on shares of Celestica from $410.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Weiss Ratings upgraded shares of Celestica from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, Rothschild & Co Redburn started coverage on shares of Celestica in a report on Friday, May 1st. They set a “buy” rating and a $460.00 price target on the stock. 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $427.42.

Insider Buying and Selling at Celestica

In other news, 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 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 approximately $8,238,756.58. This represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.10% of the company’s stock.

Celestica Trading Down 4.0%

NYSE:CLS opened at $370.97 on Wednesday. The stock’s 50 day moving average price is $368.88 and its 200 day moving average price is $322.85. Celestica, Inc. has a 52 week low of $117.28 and a 52 week high of $474.02. The company has a market capitalization of $42.65 billion, a P/E ratio of 44.86, a P/E/G ratio of 0.90 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.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly 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 return on equity of 36.91% and a net margin of 6.95%.The company had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter last year, the company posted $1.20 earnings per share. The company’s revenue for the quarter 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, research analysts forecast that Celestica, Inc. will post 9.5 EPS 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.