Celestica, Inc. $CLS Shares Bought by Cibc World Market Inc.

Cibc World Market Inc. grew its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 30.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,265,680 shares of the technology company’s stock after buying an additional 530,535 shares during the period. Celestica makes up approximately 1.1% of Cibc World Market Inc.’s investment portfolio, making the stock its 18th largest holding. Cibc World Market Inc.’s holdings in Celestica were worth $670,279,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in 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 period. Northwestern Mutual Wealth Management Co. increased its position in Celestica by 5,806,149.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock worth $1,081,323,000 after purchasing an additional 3,657,874 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Celestica by 471.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock valued at $775,133,000 after purchasing an additional 2,596,318 shares during the period. Franklin Resources Inc. lifted its stake in shares of Celestica by 4.8% in the third quarter. Franklin Resources Inc. now owns 1,921,417 shares of the technology company’s stock valued at $473,386,000 after purchasing an additional 88,212 shares during the period. Finally, Viking Global Investors LP acquired a new stake in shares of Celestica in the third quarter valued at about $424,459,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Insider Transactions at Celestica

In related news, 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 value of $1,389,236.08. Following the sale, the director owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. This represents a 14.43% decrease in their position. 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. Insiders own 1.10% of the company’s stock.

Celestica Stock Performance

CLS opened at $457.07 on Thursday. The stock has a market cap of $52.55 billion, a P/E ratio of 55.27, a P/E/G ratio of 1.10 and a beta of 2.02. 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 stock’s 50 day simple moving average is $360.96 and its 200 day simple moving average is $320.59. Celestica, Inc. has a 1-year low of $117.28 and a 1-year high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly 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 return on equity of 36.91% and a net margin of 6.95%.The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the prior year, the firm posted $1.20 EPS. The company’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 analysts anticipate that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Stifel Nicolaus set a $445.00 price objective on shares of Celestica in a research note on Tuesday, April 28th. Barclays raised their price objective on shares of Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Citigroup upped their price target on Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Susquehanna upped their price target on Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. Finally, Wolfe Research upgraded Celestica to a “strong-buy” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Celestica has a consensus rating of “Moderate Buy” and an average target price of $427.42.

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.