Pinnbrook Capital Management LP Decreases Stake in Celestica, Inc. $CLS

Pinnbrook Capital Management LP decreased its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 71.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,015 shares of the technology company’s stock after selling 23,041 shares during the period. Pinnbrook Capital Management LP’s holdings in Celestica were worth $2,665,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH lifted its stake in Celestica by 7.3% in the third quarter. Allianz Asset Management GmbH now owns 337,397 shares of the technology company’s stock valued at $83,044,000 after purchasing an additional 22,863 shares during the last quarter. Spark Investment Management LLC lifted its stake in Celestica by 17.4% in the third quarter. Spark Investment Management LLC now owns 27,000 shares of the technology company’s stock valued at $6,643,000 after purchasing an additional 4,000 shares during the last quarter. Spire Wealth Management lifted its stake in Celestica by 354.3% in the fourth quarter. Spire Wealth Management now owns 5,979 shares of the technology company’s stock valued at $1,767,000 after purchasing an additional 4,663 shares during the last quarter. William Blair Investment Management LLC purchased a new position in Celestica in the third quarter valued at approximately $28,924,000. Finally, Plato Investment Management Ltd lifted its stake in Celestica by 154.5% in the third quarter. Plato Investment Management Ltd now owns 15,046 shares of the technology company’s stock valued at $3,676,000 after purchasing an additional 9,135 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Insiders Place Their Bets

In related news, Director Michael Max Wilson sold 4,168 shares of Celestica 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 transaction, the director directly owned 24,718 shares in the company, valued at approximately $8,238,756.58. The trade was a 14.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays upped their price objective on Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Susquehanna upped their price objective on Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $480.00 price objective on shares of Celestica in a research note on Wednesday, April 29th. BMO Capital Markets upped their price objective on Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Stifel Nicolaus set a $445.00 price objective on Celestica in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $427.42.

Celestica Stock Up 2.4%

Celestica stock opened at $354.64 on Friday. Celestica, Inc. has a 1-year low of $110.54 and a 1-year high of $435.00. The firm has a market capitalization of $40.77 billion, a price-to-earnings ratio of 42.88, a P/E/G ratio of 0.81 and a beta of 2.09. 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 simple moving average of $339.06 and a 200 day simple moving average of $316.70.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 previous year, the business earned $1.20 EPS. Celestica’s 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 predict that Celestica, Inc. will post 9.5 earnings per share 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.