Hoey Investments Inc. Lowers Stake in Celestica, Inc. $CLS

Hoey Investments Inc. lessened its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 65.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,360 shares of the technology company’s stock after selling 2,590 shares during the quarter. Hoey Investments Inc.’s holdings in Celestica were worth $383,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of 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 purchasing an additional 73,022 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Celestica by 24.8% in the fourth quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock worth $1,187,650,000 after purchasing an additional 798,782 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Celestica by 5,806,149.2% during the fourth 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 buying an additional 3,657,874 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Celestica by 471.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock valued at $775,133,000 after buying an additional 2,596,318 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Celestica by 18.6% in the 4th quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock valued at $673,471,000 after buying an additional 356,797 shares in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CLS has been the subject of several recent analyst reports. The Goldman Sachs Group reiterated a “buy” rating and set a $475.00 price objective on shares of Celestica in a research note on Tuesday, April 28th. JPMorgan Chase & Co. lifted their price target on shares of Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Zacks Research raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. TD increased their price objective on Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a report on Monday, April 20th. Finally, TD Cowen raised Celestica from a “hold” rating to a “buy” rating and raised their price objective for the stock from $350.00 to $430.00 in a research report 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. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $427.42.

Celestica Stock Down 3.2%

CLS stock opened at $338.94 on Tuesday. The company has a market capitalization of $38.97 billion, a P/E ratio of 41.23, a price-to-earnings-growth ratio of 0.78 and a beta of 2.05. Celestica, Inc. has a 12 month low of $152.43 and a 12 month high of $474.02. The firm’s fifty day simple moving average is $377.42 and its 200-day simple moving average is $328.89. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share (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 during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter last year, the company posted $1.20 earnings per share. The firm’s 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. As a group, equities research analysts forecast that Celestica, Inc. will post 9.5 earnings per share for the current year.

Key Headlines Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Celestica appointed 21-year company veteran Steven Dorwart as president of its Connectivity and Cloud Solutions segment, replacing retiring executive Jason Phillips. Investors appear to like the internal promotion, since it suggests operational continuity in a key AI and cloud business. Article Title
• Positive Sentiment: Recent commentary highlights Celestica as a beneficiary of AI, cloud, and data center infrastructure spending, with fresh guidance and demand trends supporting the company’s growth story. Article Title
• Positive Sentiment: Analysts and market watchers continue to frame Celestica as a key AI-related name, and one recent piece noted it is among BlackRock’s important AI stocks, reinforcing institutional interest. Article Title
• Neutral Sentiment: Celestica also announced it will report second-quarter 2026 results on July 27 and hold a conference call on July 28, which keeps investors focused on upcoming earnings but does not itself change fundamentals yet. Article Title
• Neutral Sentiment: Some analysis argues CLS may still be undervalued on earnings metrics, but other valuation checks suggest the stock is not an obvious bargain after its huge multi-year run, creating a mixed message for investors. Article Title
• Negative Sentiment: Several articles note that Celestica still faces margin pressure, ATS weakness, and competitive and trade-related challenges, which could limit upside if growth slows. Article Title

Insider Activity

In related news, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 82,444 shares in the company, valued at approximately $32,948,744.60. This trade represents a 17.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Max Wilson sold 4,168 shares of the firm’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 sale, the director directly owned 24,718 shares in the company, valued at $8,238,756.58. The trade was a 14.43% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 161,168 shares of company stock valued at $63,190,485 in the last quarter. 1.10% of the stock is currently owned by company 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.