Celestica, Inc. $CLS Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lowered its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 30.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,190,413 shares of the technology company’s stock after selling 961,872 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Celestica were worth $617,084,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Celestica in the fourth quarter valued at $28,000. Swiss RE Ltd. acquired a new stake in Celestica during the 4th quarter worth approximately $29,000. Ascentis Independent Advisors purchased a new position in shares of Celestica in the 1st quarter valued at approximately $29,000. Cullen Frost Bankers Inc. purchased a new position in shares of Celestica in the 4th quarter valued at approximately $30,000. Finally, Sittner & Nelson LLC acquired a new position in shares of Celestica in the fourth quarter valued at approximately $31,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Stock Down 0.1%

CLS stock opened at $335.06 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36. The company’s 50-day moving average price is $363.13 and its 200 day moving average price is $332.42. Celestica, Inc. has a 52 week low of $161.84 and a 52 week high of $474.02. The company has a market cap of $38.52 billion, a P/E ratio of 40.51, a P/E/G ratio of 0.78 and a beta of 2.05.

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, beating 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 company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period last year, the company posted $1.20 earnings per share. The firm’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. On average, research analysts expect that Celestica, Inc. will post 9.57 earnings per share for the current fiscal year.

Insider Activity at Celestica

In other news, Director Michael Max Wilson sold 4,168 shares of the firm’s stock in a transaction 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 completion of the transaction, the director owned 24,718 shares in the company, valued at $8,238,756.58. This trade represents a 14.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 dated Monday, June 15th. The stock was sold at an average price of $400.06, for a total transaction of $26,426,363.36. Following the completion of the sale, the chief executive officer owned 134,328 shares in the company, valued at $53,739,259.68. This represents a 32.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 161,168 shares of company stock valued at $63,190,485 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Barclays upped their price target on Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Bank of America raised their target price on shares of Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Rothschild & Co Redburn started coverage on shares of Celestica in a report on Friday, May 1st. They issued a “buy” rating and a $460.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on shares of Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, Zacks Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $427.42.

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.