Element Squared LLC Makes New Investment in Celestica, Inc. $CLS

Element Squared LLC purchased a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,999 shares of the technology company’s stock, valued at approximately $2,253,000. Celestica makes up 1.3% of Element Squared LLC’s investment portfolio, making the stock its 17th biggest holding.

Other large investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Celestica by 5,806,149.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock worth $1,081,323,000 after purchasing an additional 3,657,874 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Celestica by 471.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock valued at $775,133,000 after buying an additional 2,596,318 shares in the last quarter. Viking Global Investors LP acquired a new position in Celestica during the 3rd quarter valued at about $424,459,000. Norges Bank acquired a new position in Celestica during the 4th quarter valued at about $456,511,000. Finally, AQR Capital Management LLC acquired a new position in Celestica during the 4th quarter valued at about $315,497,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Price Performance

Shares of Celestica stock opened at $365.55 on Wednesday. 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 company’s 50-day moving average price is $381.65 and its two-hundred day moving average price is $327.93. Celestica, Inc. has a 52 week low of $144.27 and a 52 week high of $474.02. The stock has a market cap of $42.03 billion, a PE ratio of 44.20, a price-to-earnings-growth ratio of 0.80 and a beta of 2.02.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $3.97 billion. During the same quarter last year, the firm posted $1.20 EPS. The business’s revenue for the quarter 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. As a group, sell-side analysts anticipate that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CLS shares. Royal Bank Of Canada upped their price target 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. Stifel Nicolaus set a $445.00 price objective on shares of Celestica in a research note on Tuesday, April 28th. The Goldman Sachs Group reissued a “buy” rating and set a $475.00 target price on shares of Celestica in a report on Tuesday, April 28th. Rothschild & Co Redburn began coverage on Celestica in a research report on Friday, May 1st. They issued a “buy” rating and a $460.00 target price for the company. Finally, TD upped their target price on Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Celestica has an average rating of “Buy” and an average target price of $427.42.

Insider Activity at Celestica

In related news, CEO Robert Mionis sold 18,176 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $385.17, for a total transaction of $7,000,849.92. Following the completion of the sale, the chief executive officer directly owned 60,384 shares of the company’s stock, valued at $23,258,105.28. This represents a 23.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Max Wilson sold 4,168 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the sale, the director owned 24,718 shares of the company’s stock, valued at $8,238,756.58. The trade was a 14.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 over the last ninety days. Insiders own 1.10% of the company’s stock.

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.