Clearbridge Investments LLC Decreases Stake in Celestica, Inc. $CLS

Clearbridge Investments LLC lowered its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 24.7% in the fourth quarter, Holdings Channel reports. The fund owned 582,794 shares of the technology company’s stock after selling 191,209 shares during the period. Clearbridge Investments LLC’s holdings in Celestica were worth $172,280,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Comprehensive Financial Planning Inc. PA lifted its position in shares of Celestica by 41.0% during the 4th quarter. Comprehensive Financial Planning Inc. PA now owns 1,461 shares of the technology company’s stock worth $432,000 after buying an additional 425 shares during the last quarter. XML Financial LLC lifted its position in shares of Celestica by 3.1% during the 4th quarter. XML Financial LLC now owns 2,500 shares of the technology company’s stock worth $739,000 after buying an additional 75 shares during the last quarter. Havemeyer Place LP purchased a new stake in shares of Celestica during the 4th quarter worth approximately $2,427,000. Invst LLC lifted its position in shares of Celestica by 2.0% during the 4th quarter. Invst LLC now owns 13,401 shares of the technology company’s stock worth $3,961,000 after buying an additional 267 shares during the last quarter. Finally, PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in shares of Celestica during the 4th quarter worth approximately $5,467,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

CLS has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their price objective on shares of Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Rothschild & Co Redburn initiated coverage on shares of Celestica in a research report on Friday, May 1st. They set a “buy” rating and a $460.00 price objective for the company. Barclays boosted their price objective on shares of Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. TD Securities upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective for the company in a research report on Wednesday, April 29th. Finally, UBS Group upped their price target on shares of Celestica from $355.00 to $400.00 and gave the company a “neutral” rating in a research 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $427.42.

Celestica Stock Down 0.0%

CLS stock opened at $371.64 on Monday. The company has a fifty day moving average price of $364.82 and a 200 day moving average price of $321.84. Celestica, Inc. has a 12 month low of $117.28 and a 12 month high of $474.02. The company has a market cap of $42.73 billion, a price-to-earnings ratio of 44.94, a price-to-earnings-growth ratio of 0.86 and a beta of 2.02. 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 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 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 quarter in the prior year, the firm earned $1.20 EPS. Celestica’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. Sell-side analysts expect that Celestica, Inc. will post 9.5 earnings per share for the current year.

Insider Buying and Selling

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the company’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 transaction, 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 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. Insiders own 1.10% of the company’s stock.

Celestica 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.