Celestica, Inc. $CLS Shares Bought by Logan Capital Management Inc.

Logan Capital Management Inc. grew its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 7.5% during the 4th quarter, HoldingsChannel reports. The firm owned 38,623 shares of the technology company’s stock after buying an additional 2,709 shares during the period. Logan Capital Management Inc.’s holdings in Celestica were worth $11,417,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Spark Investment Management LLC boosted its stake in Celestica by 17.4% during the 3rd quarter. Spark Investment Management LLC now owns 27,000 shares of the technology company’s stock worth $6,643,000 after purchasing an additional 4,000 shares during the last quarter. Spire Wealth Management boosted its stake in 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 during the last quarter. William Blair Investment Management LLC acquired a new stake in Celestica during the 3rd quarter worth $28,924,000. CIBC Asset Management Inc boosted its stake in Celestica by 7.7% during the 4th quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock worth $129,499,000 after purchasing an additional 31,086 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Celestica during the 4th quarter valued at about $456,511,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Up 6.2%

Shares of CLS opened at $385.40 on Friday. The firm has a market cap of $44.31 billion, a P/E ratio of 46.60, a price-to-earnings-growth ratio of 0.84 and a beta of 2.02. Celestica, Inc. has a 12-month low of $124.72 and a 12-month high of $474.02. The company’s 50-day moving average price is $373.08 and its 200 day moving average price is $324.17. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) 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 net margin of 6.95% and a return on equity of 36.91%. Celestica’s revenue was up 52.8% on a year-over-year basis. During the same period in the previous year, the firm 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. On average, sell-side analysts forecast that Celestica, Inc. will post 9.5 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CLS shares. Wolfe Research raised shares of Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th. Royal Bank Of Canada boosted their price target on shares of Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Citigroup boosted their price target on shares of Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. TD Securities raised shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 price target on the stock in a research report on Wednesday, April 29th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $475.00 price target on shares of Celestica in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $427.42.

Insider Transactions at Celestica

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the sale, the director directly owned 24,718 shares in the company, valued at $8,238,756.58. This represents a 14.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.10% of the stock is owned by company insiders.

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.