Seelaus Asset Management LLC Makes New Investment in Celestica, Inc. $CLS

Seelaus Asset Management LLC bought a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,075 shares of the technology company’s stock, valued at approximately $586,000.

A number of other hedge funds have also made changes to their positions in CLS. Spire Wealth Management raised its position in Celestica by 354.3% during the fourth quarter. Spire Wealth Management now owns 5,979 shares of the technology company’s stock worth $1,767,000 after acquiring an additional 4,663 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Celestica by 7.7% in the fourth quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock valued at $129,499,000 after purchasing an additional 31,086 shares during the last quarter. Norges Bank acquired a new stake in shares of Celestica in the fourth quarter valued at approximately $456,511,000. Marietta Investment Partners LLC purchased a new position in shares of Celestica during the 4th quarter worth approximately $1,273,000. Finally, BW Gestao de Investimentos Ltda. raised its position in shares of Celestica by 29.9% during the 4th quarter. BW Gestao de Investimentos Ltda. now owns 31,179 shares of the technology company’s stock worth $9,217,000 after purchasing an additional 7,179 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus set a $445.00 target price on Celestica in a research note on Tuesday, April 28th. JPMorgan Chase & Co. raised their price target on Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. BMO Capital Markets boosted their price target on Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Bank of America upped their price objective on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, Weiss Ratings raised Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “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 company’s stock in a transaction on Tuesday, May 19th. The stock was 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 directly owned 24,718 shares in the company, valued at approximately $8,238,756.58. This represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert Mionis sold 18,176 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $385.17, for a total value of $7,000,849.92. Following the transaction, the chief executive officer owned 60,384 shares in the company, valued at $23,258,105.28. This trade represents a 23.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 161,168 shares of company stock worth $63,190,485 over the last quarter. 1.10% of the stock is currently owned by insiders.

Celestica Stock Performance

Shares of CLS opened at $360.53 on Thursday. Celestica, Inc. has a 1 year low of $152.92 and a 1 year high of $474.02. The company’s 50 day simple moving average is $374.89 and its 200 day simple moving average is $330.02. The company has a market capitalization of $41.45 billion, a price-to-earnings ratio of 43.59, a PEG ratio of 0.80 and a beta of 2.05. 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 (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, topping the consensus estimate of $2.08 by $0.08. The firm had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Celestica had a net margin of 6.95% and a return on equity of 36.91%. Celestica’s revenue for the quarter was up 52.8% on a year-over-year basis. During the same period in the previous 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. On average, sell-side analysts predict that Celestica, Inc. will post 9.5 EPS for the current year.

Key Stories Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Celestica was highlighted as an undervalued roughly $40 billion company after recently lifting revenue guidance from $17 billion to $19 billion, signaling management expects continued strong demand and execution. This Undervalued $40 Billion Company Is Ready To Soar
• Positive Sentiment: Another report said Celestica stock has climbed 125% over the past 12 months, with the AI boom continuing to support the bull case for more upside. Celestica stock is up 125% in 12 months: more upside ahead?
• Neutral Sentiment: Analysts and commentary pointed to a leadership transition in Celestica’s Connectivity and Cloud Solutions segment, with a longtime executive stepping into the role, which is unlikely to move the stock much on its own. Celestica (TSX:CLS) Could Be 23% Undervalued As Leadership Change Draws Focus
• Neutral Sentiment: Market recap articles noted that CLS recently fell about 1.5% in a prior session, reflecting normal volatility after a strong run rather than a new company-specific problem. Celestica (CLS) Registers a Bigger Fall Than the Market: Important Facts to Note

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.