Jupiter Asset Management Ltd. Invests $21.19 Million in Celestica, Inc. $CLS

Jupiter Asset Management Ltd. purchased a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 71,549 shares of the technology company’s stock, valued at approximately $21,192,000.

Several other hedge funds have also made changes to their positions in the business. Pinney & Scofield Inc. lifted its position in shares of Celestica by 20.0% during the third quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock worth $44,000 after purchasing an additional 30 shares in the last quarter. LeConte Wealth Management LLC lifted its position in shares of Celestica by 3.5% during the fourth quarter. LeConte Wealth Management LLC now owns 1,001 shares of the technology company’s stock worth $296,000 after purchasing an additional 34 shares in the last quarter. Terra Nova Asset Management LLC lifted its position in shares of Celestica by 2.3% during the fourth quarter. Terra Nova Asset Management LLC now owns 1,686 shares of the technology company’s stock worth $498,000 after purchasing an additional 38 shares in the last quarter. Oxinas Partners LLC lifted its position in shares of Celestica by 1.4% during the fourth quarter. Oxinas Partners LLC now owns 2,958 shares of the technology company’s stock worth $874,000 after purchasing an additional 40 shares in the last quarter. Finally, Avantax Planning Partners Inc. lifted its position in shares of Celestica by 2.7% during the fourth quarter. Avantax Planning Partners Inc. now owns 1,528 shares of the technology company’s stock worth $452,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Insider Buying and Selling

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the firm’s 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 sale, the director owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. This trade represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.10% of the company’s stock.

Celestica Stock Performance

NYSE:CLS opened at $386.28 on Friday. The firm’s fifty day moving average price is $350.64 and its 200 day moving average price is $317.98. Celestica, Inc. has a 1-year low of $110.54 and a 1-year high of $435.00. 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 market cap of $44.41 billion, a price-to-earnings ratio of 46.71, a price-to-earnings-growth ratio of 0.82 and a beta of 2.09.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter last year, the company earned $1.20 earnings per share. Celestica’s quarterly 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. On average, sell-side analysts expect that Celestica, Inc. will post 9.5 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CLS. TD increased their price target on shares of Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a research report on Monday, April 20th. Stifel Nicolaus set a $445.00 target price on shares of Celestica in a report on Tuesday, April 28th. 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. Royal Bank Of Canada raised their target price on shares of Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and raised their target price for the company from $350.00 to $430.00 in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Celestica currently has an average rating of “Moderate 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.