WCM Investment Management LLC Cuts Position in Celestica, Inc. $CLS

WCM Investment Management LLC trimmed its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 49.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 264,837 shares of the technology company’s stock after selling 259,888 shares during the period. WCM Investment Management LLC’s holdings in Celestica were worth $68,135,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Celestica by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company’s stock valued at $1,423,333,000 after buying an additional 73,022 shares during the period. JPMorgan Chase & Co. lifted its stake in Celestica by 24.8% during the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock worth $1,187,650,000 after acquiring an additional 798,782 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Celestica by 5,806,149.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after acquiring an additional 3,657,874 shares during the period. Franklin Resources Inc. boosted its holdings in Celestica by 18.6% during the 4th quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock valued at $673,471,000 after acquiring an additional 356,797 shares during the period. Finally, Cibc World Market Inc. grew its position in Celestica by 30.6% in the 4th quarter. Cibc World Market Inc. now owns 2,265,680 shares of the technology company’s stock valued at $670,279,000 after acquiring an additional 530,535 shares in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CLS has been the topic of several research reports. Rothschild & Co Redburn assumed coverage on shares of Celestica in a research report on Friday, May 1st. They set a “buy” rating and a $460.00 price target on the stock. Citigroup lifted their price objective on shares of Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Royal Bank Of Canada upped their target price on shares of Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Weiss Ratings lowered shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Zacks Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Celestica currently has a consensus rating of “Buy” and a consensus target price of $427.42.

Celestica Stock Down 0.0%

CLS stock opened at $301.31 on Monday. The company’s 50 day moving average price is $366.97 and its 200 day moving average price is $331.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26. Celestica, Inc. has a fifty-two week low of $153.11 and a fifty-two week high of $474.02. The firm has a market capitalization of $34.64 billion, a price-to-earnings ratio of 36.43, a PEG ratio of 0.70 and a beta of 2.05.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.08. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The firm’s quarterly revenue was up 52.8% on a year-over-year basis. 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 research analysts anticipate that Celestica, Inc. will post 9.57 EPS for the current fiscal year.

Insider Activity

In related news, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the completion of the transaction, the director 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert Mionis sold 18,176 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 60,384 shares in the company, valued at $23,258,105.28. This trade represents a 23.14% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 161,168 shares of company stock worth $63,190,485. 1.10% of the stock is currently owned by corporate insiders.

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.