Celestica, Inc. $CLS Shares Sold by Aviance Capital Partners LLC

Aviance Capital Partners LLC lessened its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 36.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 10,500 shares of the technology company’s stock after selling 5,996 shares during the quarter. Aviance Capital Partners LLC’s holdings in Celestica were worth $2,958,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Assetmark Inc. increased its holdings in shares of Celestica by 18.6% in the 1st quarter. Assetmark Inc. now owns 25,171 shares of the technology company’s stock valued at $7,090,000 after acquiring an additional 3,941 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Celestica by 1.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 135,177 shares of the technology company’s stock valued at $39,030,000 after purchasing an additional 1,307 shares in the last quarter. Independent Financial Group LLC purchased a new position in Celestica in the first quarter valued at approximately $2,840,000. Prosperity Consulting Group LLC increased its stake in Celestica by 9.4% in the first quarter. Prosperity Consulting Group LLC now owns 1,450 shares of the technology company’s stock valued at $408,000 after purchasing an additional 125 shares during the last quarter. Finally, D.A. Davidson & CO. raised its holdings in Celestica by 2.7% during the first quarter. D.A. Davidson & CO. now owns 21,189 shares of the technology company’s stock worth $5,969,000 after purchasing an additional 548 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CLS. Weiss Ratings downgraded shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Stifel Nicolaus set a $445.00 price target on shares of Celestica in a research note on Tuesday, April 28th. TD Securities upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 price target on the stock in a research note on Wednesday, April 29th. Barclays boosted their price target on shares of Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $475.00 price objective on shares of Celestica in a research note on Tuesday, April 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $427.42.

Celestica Price Performance

Shares of CLS opened at $301.31 on Friday. 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 fifty-two week low of $153.11 and a fifty-two week high of $474.02. The firm has a 50-day simple moving average of $366.97 and a 200-day simple moving average of $331.34. The company has a market capitalization of $34.64 billion, a price-to-earnings ratio of 36.43, a price-to-earnings-growth ratio of 0.70 and a beta of 2.05.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.08. The firm had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The firm’s revenue for the quarter was up 52.8% on a year-over-year basis. During the same quarter 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. On average, equities research analysts anticipate that Celestica, Inc. will post 9.57 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 the business’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 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 document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert Mionis sold 66,056 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $400.06, for a total value of $26,426,363.36. Following the completion of the transaction, the chief executive officer directly owned 134,328 shares in the company, valued at approximately $53,739,259.68. The trade was a 32.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 161,168 shares of company stock worth $63,190,485. 1.10% of the stock is currently owned by insiders.

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.