Hillsdale Investment Management Inc. Has $37.39 Million Stake in Celestica, Inc. $CLS

Hillsdale Investment Management Inc. raised its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 171.8% in the first quarter, HoldingsChannel.com reports. The firm owned 132,579 shares of the technology company’s stock after purchasing an additional 83,799 shares during the quarter. Celestica comprises approximately 1.0% of Hillsdale Investment Management Inc.’s holdings, making the stock its 26th biggest holding. Hillsdale Investment Management Inc.’s holdings in Celestica were worth $37,391,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Celestica during the fourth quarter worth approximately $28,000. Swiss RE Ltd. bought a new stake in shares of Celestica in the fourth quarter valued at approximately $29,000. Cullen Frost Bankers Inc. bought a new stake in shares of Celestica in the fourth quarter valued at approximately $30,000. Sittner & Nelson LLC acquired a new stake in Celestica during the fourth quarter worth approximately $31,000. Finally, Ascentis Independent Advisors acquired a new stake in Celestica during the first quarter worth approximately $29,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Insider Transactions at Celestica

In related news, CFO Mandeep Chawla sold 17,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the sale, the chief financial officer directly owned 82,444 shares in the company, valued at $32,948,744.60. This represents a 17.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert Mionis sold 66,056 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $400.06, for a total value of $26,426,363.36. Following the completion of the sale, the chief executive officer directly owned 134,328 shares in the company, valued at $53,739,259.68. This trade represents a 32.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 161,168 shares of company stock valued at $63,190,485. Corporate insiders own 1.10% of the company’s stock.

Celestica Stock Down 4.1%

Shares of CLS opened at $345.19 on Tuesday. Celestica, Inc. has a one year low of $153.11 and a one year high of $474.02. The company has a market cap of $39.69 billion, a P/E ratio of 41.74, a P/E/G ratio of 0.84 and a beta of 2.05. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. The firm has a 50 day simple moving average of $373.14 and a two-hundred day simple moving average of $331.13.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results 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. The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The company’s revenue was up 52.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 EPS. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Research analysts forecast that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. BMO Capital Markets lifted their price objective on Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $480.00 target price on shares of Celestica in a report on Wednesday, April 29th. Barclays increased their target price on Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Bank of America boosted their price target on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Finally, Royal Bank Of Canada boosted their price target on Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $427.42.

About Celestica

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.