Patriot Financial Group Insurance Agency LLC Takes $504,000 Position in Celestica, Inc. $CLS

Patriot Financial Group Insurance Agency LLC bought a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 1st quarter, Holdings Channel.com reports. The firm bought 1,790 shares of the technology company’s stock, valued at approximately $504,000.

Other hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Celestica during the 4th quarter valued at $28,000. Swiss RE Ltd. bought a new stake in Celestica in the 4th quarter worth $29,000. Cullen Frost Bankers Inc. purchased a new position in shares of Celestica in the fourth quarter valued at about $30,000. Sittner & Nelson LLC purchased a new position in shares of Celestica in the fourth quarter valued at about $31,000. Finally, Atlantic Edge Private Wealth Management LLC bought a new position in shares of Celestica during the fourth quarter valued at about $38,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Celestica news, CEO Robert Mionis sold 18,176 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $385.17, for a total value of $7,000,849.92. Following the sale, the chief executive officer owned 60,384 shares in the company, valued at approximately $23,258,105.28. This represents a 23.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mandeep Chawla sold 17,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the transaction, the chief financial officer directly owned 82,444 shares of the company’s stock, valued at $32,948,744.60. This represents a 17.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 161,168 shares of company stock valued at $63,190,485 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Celestica Stock Performance

Shares of Celestica stock opened at $361.99 on Thursday. 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 capitalization of $41.62 billion, a P/E ratio of 43.77, a P/E/G ratio of 0.85 and a beta of 2.05. The business has a fifty day simple moving average of $380.88 and a two-hundred day simple moving average of $328.01. Celestica, Inc. has a 12 month low of $147.00 and a 12 month high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last released 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 for the quarter, compared to the consensus estimate of $3.97 billion. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The company’s revenue was up 52.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 EPS. 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 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CLS shares. Weiss Ratings upgraded shares of Celestica from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. UBS Group upped their price target on Celestica from $355.00 to $400.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Bank of America increased their price objective on Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Monday, April 20th. BMO Capital Markets lifted their price objective on Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, TD boosted their target price on Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a research note on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $427.42.

Celestica 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.