Entropy Technologies LP Buys 27,478 Shares of Celestica, Inc. $CLS

Entropy Technologies LP increased its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 220.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 39,947 shares of the technology company’s stock after buying an additional 27,478 shares during the quarter. Entropy Technologies LP’s holdings in Celestica were worth $11,252,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Spire Wealth Management grew its holdings in shares of Celestica by 354.3% during the 4th quarter. Spire Wealth Management now owns 5,979 shares of the technology company’s stock worth $1,767,000 after purchasing an additional 4,663 shares in the last quarter. CIBC Asset Management Inc raised its stake in Celestica by 7.7% in the fourth quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock valued at $129,499,000 after purchasing an additional 31,086 shares in the last quarter. Norges Bank acquired a new position in Celestica in the fourth quarter valued at about $456,511,000. Marietta Investment Partners LLC bought a new stake in Celestica during the fourth quarter worth about $1,273,000. Finally, BW Gestao de Investimentos Ltda. lifted its position in Celestica by 29.9% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 31,179 shares of the technology company’s stock worth $9,217,000 after purchasing an additional 7,179 shares during the period. Institutional investors own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on CLS. Citigroup raised their target price on shares of Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. 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 research note on Monday, April 20th. Rothschild & Co Redburn assumed coverage on Celestica in a research note on Friday, May 1st. They set a “buy” rating and a $460.00 target price for the company. JPMorgan Chase & Co. raised their target price on Celestica from $410.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Two 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. According to MarketBeat, Celestica has a consensus rating of “Buy” and a consensus price target of $427.42.

Celestica Price Performance

CLS stock opened at $305.05 on Friday. The company has a 50 day simple moving average of $362.06 and a 200 day simple moving average of $332.23. The stock has a market cap of $35.07 billion, a price-to-earnings ratio of 36.89, a P/E/G ratio of 0.77 and a beta of 2.05. Celestica, Inc. has a 1 year low of $164.52 and a 1 year high of $474.02. 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, beating 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 firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the business posted $1.20 earnings per share. The company’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. Research analysts anticipate that Celestica, Inc. will post 9.57 EPS for the current fiscal year.

Insider Activity

In related news, CFO Mandeep Chawla sold 17,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the sale, the chief financial officer 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 at this hyperlink. Also, CEO Robert Mionis sold 66,056 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $400.06, for a total value of $26,426,363.36. Following the completion of the transaction, the chief executive officer directly owned 134,328 shares of the company’s stock, valued at approximately $53,739,259.68. The trade was a 32.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 161,168 shares of company stock worth $63,190,485. Insiders own 1.10% of the company’s stock.

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.