WINTON GROUP Ltd purchased a new position in shares of Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 5,325 shares of the technology company’s stock, valued at approximately $1,574,000.
Other institutional investors have also recently modified their holdings of the company. Spark Investment Management LLC raised its position in shares of Celestica by 17.4% during the 3rd quarter. Spark Investment Management LLC now owns 27,000 shares of the technology company’s stock worth $6,643,000 after purchasing an additional 4,000 shares during the last quarter. Spire Wealth Management raised its position in shares of Celestica by 354.3% during the 4th quarter. Spire Wealth Management now owns 5,979 shares of the technology company’s stock worth $1,767,000 after purchasing an additional 4,663 shares during the last quarter. William Blair Investment Management LLC acquired a new position in shares of Celestica during the 3rd quarter worth approximately $28,924,000. CIBC Asset Management Inc raised its position in shares of Celestica by 7.7% during the 4th quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock worth $129,499,000 after purchasing an additional 31,086 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Celestica during the 4th quarter worth approximately $456,511,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Celestica
In other news, Director Michael Max Wilson sold 4,168 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the completion of the sale, the director directly owned 24,718 shares in the company, valued at $8,238,756.58. This represents a 14.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.10% of the stock is currently owned by insiders.
Celestica Trading Up 3.7%
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last issued its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.08. The company had revenue of $3.96 billion during 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%.Celestica’s revenue was up 52.8% on a year-over-year basis. During the same period in the previous year, the firm 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. As a group, analysts forecast that Celestica, Inc. will post 9.5 EPS for the current year.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on CLS shares. UBS Group lifted their price objective on Celestica from $355.00 to $400.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Citigroup lifted their price objective on Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $480.00 price target on shares of Celestica in a report on Wednesday, April 29th. 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 report on Wednesday, April 29th. Finally, Susquehanna boosted their price target on Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Celestica has an average rating of “Moderate Buy” and an average price target of $427.42.
Get Our Latest Stock Report on Celestica
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.
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