Patriot Financial Group Insurance Agency LLC Invests $504,000 in Celestica, Inc. $CLS

Patriot Financial Group Insurance Agency LLC acquired a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,790 shares of the technology company’s stock, valued at approximately $504,000.

Several other hedge funds also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Celestica during the 4th quarter worth approximately $28,000. Swiss RE Ltd. bought a new position in Celestica in the 4th quarter valued at $29,000. Cullen Frost Bankers Inc. bought a new position in Celestica in the 4th quarter valued at $30,000. Sittner & Nelson LLC purchased a new position in shares of Celestica during the 4th quarter valued at $31,000. Finally, Atlantic Edge Private Wealth Management LLC bought a new position in shares of Celestica in the fourth quarter worth $38,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Price Performance

Shares of Celestica stock opened at $361.99 on Thursday. 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 firm has a market capitalization of $41.62 billion, a PE ratio of 43.77, a price-to-earnings-growth ratio of 0.85 and a beta of 2.05. The business’s 50-day moving average price is $380.88 and its 200-day moving average price is $328.01. Celestica, Inc. has a 12 month low of $147.00 and a 12 month high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last released 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 company had revenue of $3.96 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Sell-side analysts forecast that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other Celestica news, CFO Mandeep Chawla sold 17,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the completion of the sale, the chief financial officer directly owned 82,444 shares of the company’s stock, valued at $32,948,744.60. The trade was a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael Max Wilson sold 4,168 shares of the company’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 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 161,168 shares of company stock valued at $63,190,485 over the last three months. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. BMO Capital Markets increased their price objective on Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Royal Bank Of Canada boosted their target price on Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Susquehanna upped their target price on Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Bank of America raised their price target on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a report on Monday, April 20th. Finally, Zacks Research raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $427.42.

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.