4,235 Shares in Celestica, Inc. $CLS Purchased by Storgate LLC

Storgate LLC acquired a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 4,235 shares of the technology company’s stock, valued at approximately $1,252,000. Celestica accounts for 1.0% of Storgate LLC’s investment portfolio, making the stock its 9th largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pinney & Scofield Inc. increased its holdings in Celestica by 20.0% during the third 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 increased its holdings in Celestica by 3.5% during the fourth 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 period. Terra Nova Asset Management LLC increased its holdings in Celestica by 2.3% during the fourth quarter. Terra Nova Asset Management LLC now owns 1,686 shares of the technology company’s stock valued at $498,000 after buying an additional 38 shares during the period. Oxinas Partners LLC increased its holdings in Celestica by 1.4% during the fourth quarter. Oxinas Partners LLC now owns 2,958 shares of the technology company’s stock valued at $874,000 after buying an additional 40 shares during the period. Finally, Avantax Planning Partners Inc. increased its holdings in 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 buying an additional 40 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of Celestica stock in a transaction on Tuesday, May 19th. The shares were 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 of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.10% of the company’s stock.

Celestica Trading Up 2.1%

Shares of Celestica stock opened at $393.85 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 fifty day moving average price of $375.19 and a 200 day moving average price of $324.66. Celestica, Inc. has a 1 year low of $124.72 and a 1 year high of $474.02. The stock has a market cap of $45.28 billion, a PE ratio of 47.62, a price-to-earnings-growth ratio of 0.90 and a beta of 2.02.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $3.97 billion. During the same quarter last year, the company posted $1.20 earnings per share. The firm’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. Equities research analysts predict that Celestica, Inc. will post 9.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CLS. Weiss Ratings raised shares of Celestica from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Bank of America lifted their price objective on shares of Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a report on Monday, April 20th. Barclays raised their target price on shares of Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Wolfe Research upgraded shares of Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. Finally, Stifel Nicolaus set a $445.00 target price on shares of Celestica in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.