Celestica, Inc. $CLS Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 358.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 269,950 shares of the technology company’s stock after buying an additional 211,003 shares during the period. Pictet Asset Management Holding SA’s holdings in Celestica were worth $75,905,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CLS. Pinney & Scofield Inc. raised its holdings in shares of Celestica by 20.0% during the 3rd quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock valued at $44,000 after buying an additional 30 shares during the period. LeConte Wealth Management LLC boosted its holdings in Celestica by 3.5% in the 4th quarter. LeConte Wealth Management LLC now owns 1,001 shares of the technology company’s stock worth $296,000 after acquiring an additional 34 shares during the period. Terra Nova Asset Management LLC grew its position in Celestica by 2.3% in the fourth quarter. Terra Nova Asset Management LLC now owns 1,686 shares of the technology company’s stock valued at $498,000 after acquiring an additional 38 shares in the last quarter. Oxinas Partners LLC grew its position in Celestica by 1.4% in the fourth quarter. Oxinas Partners LLC now owns 2,958 shares of the technology company’s stock valued at $874,000 after acquiring an additional 40 shares in the last quarter. Finally, Avantax Planning Partners Inc. raised its stake in shares of Celestica by 2.7% during the fourth quarter. Avantax Planning Partners Inc. now owns 1,528 shares of the technology company’s stock valued at $452,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Stifel Nicolaus set a $445.00 target price on shares of Celestica in a research report on Tuesday, April 28th. JPMorgan Chase & Co. boosted their price objective on shares of Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Barclays upped their price objective 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. Rothschild & Co Redburn started coverage on Celestica in a research note on Friday, May 1st. They set a “buy” rating and a $460.00 target price for the company. Finally, TD Cowen raised Celestica from a “hold” rating to a “buy” rating and lifted their target price for the stock from $350.00 to $430.00 in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $427.42.

Celestica Stock Up 1.6%

Shares of NYSE:CLS opened at $342.98 on Tuesday. 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 has a fifty day simple moving average of $382.26 and a 200 day simple moving average of $327.82. The firm has a market cap of $39.43 billion, a PE ratio of 41.47, a price-to-earnings-growth ratio of 0.79 and a beta of 2.02. Celestica, Inc. has a 12-month low of $144.27 and a 12-month high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.08. The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The firm’s revenue was up 52.8% compared to the same quarter last year. During the same period in the prior 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 9.5 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Michael Max Wilson sold 4,168 shares of Celestica 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 completion of the transaction, the director owned 24,718 shares in the company, valued at approximately $8,238,756.58. This trade represents a 14.43% decrease in their position. The sale was disclosed in a legal 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, 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 sale, the chief executive officer owned 134,328 shares of the company’s stock, valued at $53,739,259.68. This trade represents a 32.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 161,168 shares of company stock worth $63,190,485. Corporate insiders own 1.10% of the company’s stock.

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.