Celestica, Inc. $CLS Stake Trimmed by DGS Capital Management LLC

DGS Capital Management LLC reduced its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 6.0% in the first quarter, Holdings Channel reports. The fund owned 33,599 shares of the technology company’s stock after selling 2,138 shares during the quarter. Celestica accounts for about 1.6% of DGS Capital Management LLC’s portfolio, making the stock its 8th largest position. DGS Capital Management LLC’s holdings in Celestica were worth $9,464,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Ascentis Independent Advisors bought a new stake in shares of Celestica in the 1st quarter worth approximately $29,000. Revisor Wealth Management LLC grew its holdings in Celestica by 35.6% during the first quarter. Revisor Wealth Management LLC now owns 2,557 shares of the technology company’s stock valued at $720,000 after purchasing an additional 671 shares during the period. QRG Capital Management Inc. increased its position in Celestica by 3.8% in the first quarter. QRG Capital Management Inc. now owns 3,050 shares of the technology company’s stock worth $859,000 after buying an additional 113 shares during the last quarter. HB Wealth Management LLC purchased a new stake in Celestica in the first quarter worth $223,000. Finally, Leonteq Securities AG raised its stake in shares of Celestica by 25.9% in the first quarter. Leonteq Securities AG now owns 3,629 shares of the technology company’s stock valued at $1,022,000 after buying an additional 746 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CLS shares. Bank of America upped their price target on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Zacks Research raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Stifel Nicolaus set a $445.00 price objective on Celestica in a research note on Tuesday, April 28th. TD Securities raised shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective on the stock in a report on Wednesday, April 29th. Finally, Susquehanna increased their target price on shares of Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $427.42.

Insider Transactions at Celestica

In other Celestica news, CEO Robert Mionis sold 66,056 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $400.06, for a total value of $26,426,363.36. Following the transaction, the chief executive officer directly owned 134,328 shares in the company, valued at $53,739,259.68. This represents a 32.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Max Wilson sold 4,168 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 24,718 shares in the company, valued at approximately $8,238,756.58. This trade represents a 14.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 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 company insiders.

Celestica Price Performance

Celestica stock opened at $336.35 on Monday. The firm has a market capitalization of $38.67 billion, a P/E ratio of 40.67, a PEG ratio of 0.78 and a beta of 2.05. Celestica, Inc. has a one year low of $152.43 and a one year high of $474.02. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. The business has a fifty day moving average price of $378.26 and a 200-day moving average price of $328.45.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.08. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the prior year, the firm posted $1.20 EPS. Celestica’s revenue 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. As a group, equities research analysts forecast that Celestica, Inc. will post 9.5 EPS for the current year.

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.