Northwestern Mutual Wealth Management Co. Purchases 3,657,874 Shares of Celestica, Inc. $CLS

Northwestern Mutual Wealth Management Co. raised its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 5,806,149.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,657,937 shares of the technology company’s stock after purchasing an additional 3,657,874 shares during the quarter. Celestica accounts for approximately 0.5% of Northwestern Mutual Wealth Management Co.’s portfolio, making the stock its 27th biggest holding. Northwestern Mutual Wealth Management Co.’s holdings in Celestica were worth $1,081,323,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Horizon Corp acquired a new position in shares of Celestica during the 3rd quarter worth about $31,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in Celestica in the 4th quarter valued at about $38,000. Fifth Third Bancorp grew its holdings in Celestica by 48.7% during the third quarter. Fifth Third Bancorp now owns 171 shares of the technology company’s stock worth $42,000 after purchasing an additional 56 shares during the period. LRI Investments LLC bought a new position in Celestica during the third quarter worth about $44,000. Finally, Pinney & Scofield Inc. increased its position in Celestica by 20.0% during the third quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock worth $44,000 after buying an additional 30 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Celestica Stock Performance

Shares of NYSE CLS opened at $358.50 on Friday. 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 firm has a market cap of $41.22 billion, a price-to-earnings ratio of 43.35, a P/E/G ratio of 0.89 and a beta of 2.09. The stock’s fifty day moving average price is $332.46 and its two-hundred day moving average price is $316.39. Celestica, Inc. has a one year low of $109.09 and a one year high of $435.00.

Celestica (NYSE:CLS) (TSE:CLS) last posted its 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. The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The company’s revenue was up 52.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.20 earnings per share. 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 analysts forecast that Celestica, Inc. will post 9.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Canaccord Genuity Group upped their price objective on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Stifel Nicolaus set a $445.00 target price on Celestica in a report on Tuesday, April 28th. BMO Capital Markets increased their price target on Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. raised their price target on Celestica from $410.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, Bank of America lifted their price objective on shares of Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $427.42.

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.