USS Investment Management Ltd Lowers Holdings in Celestica, Inc. $CLS

USS Investment Management Ltd reduced its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 10.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,966 shares of the technology company’s stock after selling 2,946 shares during the period. USS Investment Management Ltd’s holdings in Celestica were worth $7,385,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Celestica during the 4th quarter worth $28,000. Swiss RE Ltd. purchased a new stake in shares of Celestica during the 4th quarter worth $29,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Celestica during the 4th quarter worth $30,000. Sittner & Nelson LLC purchased a new stake in shares of Celestica during the 4th quarter worth $31,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Celestica during the 4th quarter worth $38,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related 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 value of $1,389,236.08. Following the completion of the transaction, the director owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. The trade was a 14.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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.

Analyst Upgrades and Downgrades

Several brokerages have commented on CLS. TD Securities upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 target price on the stock in a research report on Wednesday, April 29th. TD Cowen upgraded shares of Celestica from a “hold” rating to a “buy” rating and boosted their target price for the stock from $350.00 to $430.00 in a research report on Wednesday, April 29th. Royal Bank Of Canada boosted their target price on shares of Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Weiss Ratings upgraded shares of Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, Susquehanna boosted their target price on shares of Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a research report on Wednesday, April 29th. One equities research 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 stock currently has an average rating of “Moderate Buy” and an average target price of $427.42.

Celestica Trading Up 2.5%

NYSE:CLS opened at $402.82 on Tuesday. The company has a market capitalization of $46.31 billion, a PE ratio of 48.71, a price-to-earnings-growth ratio of 0.91 and a beta of 2.02. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. Celestica, Inc. has a 52-week low of $127.20 and a 52-week high of $474.02. The stock has a fifty day simple moving average of $377.35 and a 200-day simple moving average of $325.20.

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, 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 firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the company posted $1.20 EPS. The firm’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. On average, equities research analysts expect that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

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.