Westover Capital Advisors LLC Sells 2,905 Shares of Celestica, Inc. $CLS

Westover Capital Advisors LLC trimmed its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 7.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 36,391 shares of the technology company’s stock after selling 2,905 shares during the period. Celestica comprises approximately 2.0% of Westover Capital Advisors LLC’s holdings, making the stock its 13th largest holding. Westover Capital Advisors LLC’s holdings in Celestica were worth $10,758,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Pinney & Scofield Inc. boosted its position in Celestica by 20.0% in 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 last quarter. LeConte Wealth Management LLC boosted its position in Celestica by 3.5% in the 4th quarter. LeConte Wealth Management LLC now owns 1,001 shares of the technology company’s stock valued at $296,000 after buying an additional 34 shares during the last quarter. Terra Nova Asset Management LLC boosted its position in shares of Celestica by 2.3% in the 4th quarter. Terra Nova Asset Management LLC now owns 1,686 shares of the technology company’s stock worth $498,000 after purchasing an additional 38 shares during the last quarter. Oxinas Partners LLC boosted its position in shares of Celestica by 1.4% in the 4th quarter. Oxinas Partners LLC now owns 2,958 shares of the technology company’s stock worth $874,000 after purchasing an additional 40 shares during the last quarter. Finally, Avantax Planning Partners Inc. boosted its position in shares of Celestica by 2.7% in the 4th quarter. Avantax Planning Partners Inc. now owns 1,528 shares of the technology company’s stock worth $452,000 after purchasing an additional 40 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors.

Celestica Stock Performance

CLS stock opened at $367.81 on Monday. The business’s 50-day moving average price is $341.10 and its two-hundred day moving average price is $316.83. 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 firm has a market cap of $42.29 billion, a PE ratio of 44.47, a P/E/G ratio of 0.85 and a beta of 2.09. Celestica, Inc. has a 1-year low of $110.54 and a 1-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 the consensus estimate of $2.08 by $0.08. The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The company’s revenue for the quarter was up 52.8% on a year-over-year basis. During the same period in the previous year, the company posted $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. As a group, research analysts forecast that Celestica, Inc. will post 9.5 earnings per share for the current year.

Wall Street Analyst Weigh In

CLS has been the topic of several recent research reports. BMO Capital Markets raised their price target on Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Zacks Research lowered Celestica from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Royal Bank Of Canada raised their price target on Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. TD Cowen upgraded Celestica from a “hold” rating to a “buy” rating and raised their price target for the stock from $350.00 to $430.00 in a research report on Wednesday, April 29th. Finally, Weiss Ratings upgraded Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $427.42.

Insiders Place Their Bets

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of Celestica stock in a transaction dated 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 in the company, valued at approximately $8,238,756.58. The trade was a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.10% of the company’s stock.

Celestica Company 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.