Rockport Wealth LLC Sells 3,185 Shares of Celestica, Inc. $CLS

Rockport Wealth LLC lowered its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 5.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,812 shares of the technology company’s stock after selling 3,185 shares during the quarter. Celestica accounts for approximately 3.0% of Rockport Wealth LLC’s investment portfolio, making the stock its 11th largest position. Rockport Wealth LLC’s holdings in Celestica were worth $16,277,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CLS. Vanguard Group Inc. boosted its position in Celestica by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company’s stock worth $1,423,333,000 after buying an additional 73,022 shares during the period. JPMorgan Chase & Co. increased its position in Celestica by 24.8% in the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock valued at $1,187,650,000 after acquiring an additional 798,782 shares during the period. Northwestern Mutual Wealth Management Co. increased 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 valued at $1,081,323,000 after acquiring an additional 3,657,874 shares during the period. Franklin Resources Inc. raised its stake in shares of Celestica by 18.6% during the fourth quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock valued at $673,471,000 after acquiring an additional 356,797 shares during the last quarter. Finally, Cibc World Market Inc. raised its stake in shares of Celestica by 30.6% during 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 during the last quarter. Institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

CLS has been the topic of several analyst reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $480.00 price objective on shares of Celestica in a research note on Wednesday, April 29th. Royal Bank Of Canada raised their target price on Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Stifel Nicolaus set a $445.00 target price on Celestica in a report on Tuesday, April 28th. TD Cowen upgraded Celestica from a “hold” rating to a “buy” rating and upped their price target for the company from $350.00 to $430.00 in a research report on Wednesday, April 29th. Finally, Zacks Research raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Celestica presently has an average rating of “Buy” and an average price target of $427.42.

Celestica Stock Down 3.0%

Shares of NYSE CLS opened at $334.62 on Thursday. The company’s 50 day moving average price is $370.09 and its 200-day moving average price is $331.55. 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, Inc. has a 52-week low of $153.11 and a 52-week high of $474.02. The company has a market capitalization of $38.47 billion, a P/E ratio of 40.46, a price-to-earnings-growth ratio of 0.80 and a beta of 2.05.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, topping 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 company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the prior year, the company posted $1.20 earnings per share. Celestica’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. Equities analysts forecast that Celestica, Inc. will post 9.5 earnings per share for the current year.

Insider Buying and Selling at Celestica

In other news, Director Michael Max Wilson sold 4,168 shares of Celestica stock in a transaction dated 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 transaction, the director directly owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. This trade represents a 14.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mandeep Chawla sold 17,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the completion of the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 161,168 shares of company stock valued at $63,190,485. 1.10% of the stock is currently owned by insiders.

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.