Fiducient Advisors LLC acquired a new stake in shares of Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,620 shares of the technology company’s stock, valued at approximately $774,000.
A number of other hedge funds have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its position in shares of Celestica by 117.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 137 shares of the technology company’s stock valued at $40,000 after acquiring an additional 74 shares during the period. Jupiter Asset Management Ltd. bought a new stake in shares of Celestica during the 4th quarter valued at $21,192,000. Foundations Investment Advisors LLC grew its position in shares of Celestica by 23.2% during the 4th quarter. Foundations Investment Advisors LLC now owns 10,554 shares of the technology company’s stock valued at $3,120,000 after acquiring an additional 1,987 shares during the period. Thoroughbred Financial Services LLC grew its position in shares of Celestica by 0.7% during the 4th quarter. Thoroughbred Financial Services LLC now owns 59,052 shares of the technology company’s stock valued at $17,456,000 after acquiring an additional 413 shares during the period. Finally, IPG Investment Advisors LLC bought a new stake in shares of Celestica during the 4th quarter valued at $321,000. Institutional investors own 67.38% of the company’s stock.
Insider Activity at Celestica
In other news, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction 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 transaction, the director owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. The trade was a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.10% of the company’s stock.
Celestica Price Performance
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last released its earnings results on Monday, April 27th. The technology company reported $2.16 EPS 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 firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The company’s quarterly 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. Research analysts expect that Celestica, Inc. will post 9.5 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on CLS. Citigroup boosted their price objective on shares of Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and lifted their price target for the company from $350.00 to $430.00 in a report on Wednesday, April 29th. TD lifted their price target on shares of Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a report on Monday, April 20th. Zacks Research downgraded shares of Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Finally, Royal Bank Of Canada lifted their price target on shares of Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $427.42.
Check Out Our Latest Analysis on Celestica
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.
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