Celestica, Inc. $CLS Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management decreased its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 10.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,108 shares of the technology company’s stock after selling 4,376 shares during the quarter. Ritholtz Wealth Management’s holdings in Celestica were worth $10,734,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Assenagon Asset Management S.A. raised its stake in shares of Celestica by 3.6% during the first quarter. Assenagon Asset Management S.A. now owns 4,574 shares of the technology company’s stock valued at $1,286,000 after purchasing an additional 161 shares in the last quarter. Sovereign Financial Group Inc. grew its position in Celestica by 19.4% in the 1st quarter. Sovereign Financial Group Inc. now owns 832 shares of the technology company’s stock valued at $234,000 after buying an additional 135 shares in the last quarter. Athena Wealth Management LLC bought a new position in Celestica in the 1st quarter valued at about $273,000. XML Financial LLC increased its stake in Celestica by 4.0% during the 1st quarter. XML Financial LLC now owns 2,600 shares of the technology company’s stock valued at $732,000 after buying an additional 100 shares during the period. Finally, Brookstone Capital Management increased its stake in Celestica by 375.0% during the 1st quarter. Brookstone Capital Management now owns 14,145 shares of the technology company’s stock valued at $3,984,000 after buying an additional 11,167 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Up 3.4%

CLS stock opened at $363.12 on Thursday. Celestica, Inc. has a 12 month low of $144.27 and a 12 month high of $474.02. The firm has a market cap of $41.75 billion, a PE ratio of 43.91, a P/E/G ratio of 0.82 and a beta of 2.02. The firm has a 50 day simple moving average of $384.39 and a 200 day simple moving average of $327.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73.

Celestica (NYSE:CLS) (TSE:CLS) last issued 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 firm had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The firm’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same period last year, the firm 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. Equities research analysts forecast that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. BMO Capital Markets upped their price target on shares of Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Zacks Research lowered shares of Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Barclays boosted their target price on Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $480.00 target price on shares of Celestica in a research report on Wednesday, April 29th. Finally, TD Cowen raised Celestica from a “hold” rating to a “buy” rating and increased their price target for the company from $350.00 to $430.00 in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $427.42.

Insider Transactions at Celestica

In related news, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction on Monday, June 15th. The stock was sold at an average price of $399.65, for a total value of $6,794,050.00. Following the transaction, the chief financial officer directly owned 82,444 shares in the company, valued at $32,948,744.60. The trade was a 17.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael Max Wilson sold 4,168 shares of Celestica stock in a transaction 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 $8,238,756.58. The trade was a 14.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 161,168 shares of company stock valued at $63,190,485 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

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.