Chase Investment Counsel Corp Sells 19,520 Shares of Celestica, Inc. $CLS

Chase Investment Counsel Corp decreased its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 30.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 44,995 shares of the technology company’s stock after selling 19,520 shares during the period. Celestica makes up 3.7% of Chase Investment Counsel Corp’s investment portfolio, making the stock its 3rd biggest holding. Chase Investment Counsel Corp’s holdings in Celestica were worth $13,300,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allianz Asset Management GmbH lifted its position in shares of Celestica by 7.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 337,397 shares of the technology company’s stock valued at $83,044,000 after buying an additional 22,863 shares during the last quarter. Spark Investment Management LLC lifted its position in shares of Celestica by 17.4% during the 3rd quarter. Spark Investment Management LLC now owns 27,000 shares of the technology company’s stock valued at $6,643,000 after buying an additional 4,000 shares during the last quarter. Spire Wealth Management lifted its position 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 valued at $1,767,000 after buying an additional 4,663 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of Celestica during the 3rd quarter valued at $28,924,000. Finally, Plato Investment Management Ltd lifted its position in shares of Celestica by 154.5% during the 3rd quarter. Plato Investment Management Ltd now owns 15,046 shares of the technology company’s stock valued at $3,676,000 after buying an additional 9,135 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Upgrades and Downgrades

CLS has been the topic of a number of recent research reports. Citigroup upped their price target on Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. upped their price target on Celestica from $410.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. TD Securities upgraded Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective on the stock in a research note on Wednesday, April 29th. Aletheia Capital boosted their price objective on Celestica from $330.00 to $410.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, Wolfe Research upgraded Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $427.42.

Celestica Price Performance

Shares of NYSE CLS opened at $358.50 on Monday. The firm has a market capitalization of $41.22 billion, a P/E ratio of 43.35, a P/E/G ratio of 0.83 and a beta of 2.09. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock’s 50-day simple moving average is $332.46 and its two-hundred day simple moving average is $316.48. Celestica, Inc. has a twelve month low of $109.09 and a twelve month high of $435.00.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.08. The business 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%.The company’s quarterly revenue was up 52.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 EPS. 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, equities analysts anticipate that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

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.