Celestica, Inc. $CLS Stock Holdings Cut by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. decreased its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 51.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,683 shares of the technology company’s stock after selling 16,516 shares during the period. Triasima Portfolio Management inc.’s holdings in Celestica were worth $5,688,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new stake in Celestica during the 1st quarter worth approximately $68,952,000. K.J. Harrison & Partners Inc bought a new position in shares of Celestica during the second quarter valued at $1,092,000. Quantinno Capital Management LP raised its stake in shares of Celestica by 73.7% during the first quarter. Quantinno Capital Management LP now owns 23,954 shares of the technology company’s stock valued at $6,746,000 after acquiring an additional 10,164 shares during the last quarter. Ferguson Wellman Capital Management Inc. bought a new position in shares of Celestica during the third quarter valued at $27,821,000. Finally, Ninepoint Partners LP acquired a new position in shares of Celestica during the second quarter worth $2,880,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Performance

Shares of CLS stock opened at $314.74 on Friday. The business’s 50 day simple moving average is $333.08 and its 200 day simple moving average is $350.59. Celestica, Inc. has a one year low of $244.51 and a one year high of $474.02. The stock has a market capitalization of $36.19 billion, a PE ratio of 42.54 and a beta of 2.01. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the firm posted $1.39 EPS. The company’s revenue for the quarter was up 62.4% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. As a group, research analysts forecast that Celestica, Inc. will post 10.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CLS shares. Barclays cut their price target on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Weiss Ratings downgraded Celestica from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Wall Street Zen lowered Celestica from a “buy” rating to a “hold” rating in a research report on Sunday, September 6th. JPMorgan Chase & Co. raised their target price on Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, FBN Securities initiated coverage on Celestica in a report on Tuesday, September 15th. They set an “outperform” rating and a $375.00 target price on the stock. Twenty-three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $450.50.

Insider Activity

In other news, CFO Mandeep Chawla sold 16,117 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the sale, the chief financial officer directly owned 65,444 shares of the company’s stock, valued at approximately $24,169,778.08. This represents a 19.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Todd Cooper sold 20,118 shares of the stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total transaction of $7,242,480.00. Following the sale, the president owned 73,252 shares of the company’s stock, valued at approximately $26,370,720. This trade represents a 21.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 243,067 shares of company stock valued at $89,200,967. 1.10% of the stock is currently owned by insiders.

About Celestica

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply-chain services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.

Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.