Nations Financial Group Inc. IA ADV Sells 2,619 Shares of Celestica, Inc. $CLS

Nations Financial Group Inc. IA ADV lessened its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 21.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 9,759 shares of the technology company’s stock after selling 2,619 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Celestica were worth $2,749,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. NewGen Equity Long Short Fund acquired a new position in shares of Celestica in the 2nd quarter worth approximately $14,050,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Celestica by 7,646.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company’s stock worth $157,000 after buying an additional 994 shares during the period. First Trust Advisors LP raised its stake in Celestica by 30.0% during the second quarter. First Trust Advisors LP now owns 78,061 shares of the technology company’s stock worth $12,197,000 after buying an additional 18,025 shares during the last quarter. NewEdge Advisors LLC raised its stake in Celestica by 385.8% during the second quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company’s stock worth $438,000 after buying an additional 2,226 shares during the last quarter. Finally, HUB Investment Partners LLC lifted its holdings in Celestica by 11.0% in the second quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company’s stock valued at $497,000 after buying an additional 315 shares during the period. Institutional investors own 67.38% of the company’s stock.

Celestica Stock Up 0.1%

Shares of NYSE CLS opened at $372.96 on Monday. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm has a market cap of $42.88 billion, a PE ratio of 45.10, a P/E/G ratio of 0.87 and a beta of 2.02. The company’s fifty day simple moving average is $383.45 and its 200 day simple moving average is $326.48. Celestica, Inc. has a 12-month low of $130.68 and a 12-month high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, beating 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 the consensus estimate of $3.97 billion. During the same period in the previous year, the firm posted $1.20 earnings per share. The business’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, sell-side analysts forecast that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

Insider Activity

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 transaction of $1,389,236.08. Following the transaction, the director directly 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 the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $399.65, for a total value of $6,794,050.00. Following the completion of the transaction, the chief financial officer owned 82,444 shares in the company, valued at approximately $32,948,744.60. The trade was a 17.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 161,168 shares of company stock worth $63,190,485 in the last three months. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Weiss Ratings raised shares of Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Royal Bank Of Canada lifted their price objective on Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. TD Securities raised Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective on the stock in a research note on Wednesday, April 29th. Stifel Nicolaus set a $445.00 target price on Celestica in a research report on Tuesday, April 28th. Finally, Susquehanna raised their target price on Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Celestica has an average 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.