Forsta AP Fonden Trims Position in Celestica, Inc. $CLS

Forsta AP Fonden decreased its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 12.4% during the 4th quarter, HoldingsChannel reports. The fund owned 67,000 shares of the technology company’s stock after selling 9,500 shares during the quarter. Forsta AP Fonden’s holdings in Celestica were worth $19,845,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new stake in Celestica during the fourth quarter worth about $456,511,000. Eurizon SLJ Capital Ltd acquired a new stake in shares of Celestica during the 4th quarter worth approximately $519,000. Fiducient Advisors LLC purchased a new stake in shares of Celestica during the 4th quarter valued at approximately $774,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Celestica by 117.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 137 shares of the technology company’s stock valued at $40,000 after buying an additional 74 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new position in Celestica in the fourth quarter valued at approximately $21,192,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Stock Up 10.0%

Celestica stock opened at $386.28 on Friday. The company has a market capitalization of $44.41 billion, a PE ratio of 46.71, a price-to-earnings-growth ratio of 0.90 and a beta of 2.09. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26. Celestica, Inc. has a fifty-two week low of $110.54 and a fifty-two week high of $435.00. The firm has a 50 day moving average price of $350.64 and a 200 day moving average price of $317.98.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the prior year, the firm earned $1.20 earnings per share. The firm’s 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. Research analysts expect that Celestica, Inc. will post 9.5 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Bank of America raised their target price on Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $475.00 price target on shares of Celestica in a research note on Tuesday, April 28th. Zacks Research cut Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings raised Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, Stifel Nicolaus set a $445.00 price objective on shares of Celestica in a report on Tuesday, April 28th. One investment 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $427.42.

Insider Transactions at Celestica

In related news, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction dated 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 transaction, the director owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. This represents a 14.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 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.