Celestica, Inc. $CLS Shares Sold by Spark Investment Management LLC

Spark Investment Management LLC decreased its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 66.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,000 shares of the technology company’s stock after selling 18,000 shares during the period. Celestica makes up about 6.6% of Spark Investment Management LLC’s investment portfolio, making the stock its 4th largest position. Spark Investment Management LLC’s holdings in Celestica were worth $2,662,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Spire Wealth Management lifted its holdings in shares of Celestica by 354.3% during the fourth quarter. Spire Wealth Management now owns 5,979 shares of the technology company’s stock valued at $1,767,000 after purchasing an additional 4,663 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Celestica during the third quarter valued at $28,924,000. Plato Investment Management Ltd lifted its holdings in shares of Celestica by 154.5% during the third quarter. Plato Investment Management Ltd now owns 15,046 shares of the technology company’s stock valued at $3,676,000 after purchasing an additional 9,135 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Celestica by 7.7% during 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 during the last quarter. Finally, Norges Bank purchased a new stake in shares of Celestica during the fourth quarter valued at $456,511,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Down 0.0%

NYSE:CLS opened at $371.64 on Monday. The firm has a market capitalization of $42.73 billion, a price-to-earnings ratio of 44.94, a PEG ratio of 0.86 and a beta of 2.02. Celestica, Inc. has a 1-year low of $117.28 and a 1-year high of $474.02. 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 business’s fifty day moving average price is $364.82 and its 200 day moving average price is $321.84.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results 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. The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.Celestica’s quarterly revenue was up 52.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 earnings per share. 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 forecast that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 24,718 shares of the company’s stock, valued at $8,238,756.58. This represents a 14.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CLS has been the subject of several analyst reports. Rothschild & Co Redburn initiated coverage on Celestica in a report on Friday, May 1st. They set a “buy” rating and a $460.00 target price for the company. Zacks Research downgraded Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. UBS Group upped their target price on Celestica from $355.00 to $400.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. BMO Capital Markets upped their price target on Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $480.00 price target on shares of Celestica in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $427.42.

Celestica Company 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.