Swiss Life Asset Management Ltd Cuts Stake in Celestica, Inc. $CLS

Swiss Life Asset Management Ltd reduced its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,004 shares of the technology company’s stock after selling 3,822 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Celestica were worth $6,212,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH boosted its position in Celestica by 7.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 337,397 shares of the technology company’s stock valued at $83,044,000 after acquiring an additional 22,863 shares in the last quarter. Spark Investment Management LLC raised its position in shares of Celestica by 17.4% in the 3rd quarter. Spark Investment Management LLC now owns 27,000 shares of the technology company’s stock worth $6,643,000 after acquiring an additional 4,000 shares in the last quarter. Spire Wealth Management lifted its stake in shares of 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 bought a new stake in Celestica during the third quarter valued at about $28,924,000. Finally, Plato Investment Management Ltd boosted its position in Celestica by 154.5% during the third quarter. Plato Investment Management Ltd now owns 15,046 shares of the technology company’s stock valued at $3,676,000 after purchasing an additional 9,135 shares in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CLS has been the subject of a number of recent research reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $475.00 target price on shares of Celestica in a report on Tuesday, April 28th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $480.00 price objective on shares of Celestica in a research report on Wednesday, April 29th. Royal Bank Of Canada boosted their price objective on shares of Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. TD increased their target price on shares of Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a research report on Monday, April 20th. Finally, TD Cowen upgraded shares of Celestica from a “hold” rating to a “buy” rating and raised their target price for the company from $350.00 to $430.00 in a research note on Wednesday, April 29th. One research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $427.42.

Celestica Price Performance

Shares of CLS stock opened at $372.31 on Thursday. Celestica, Inc. has a fifty-two week low of $108.96 and a fifty-two week high of $435.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26. The firm has a market capitalization of $42.80 billion, a price-to-earnings ratio of 45.02, a PEG ratio of 0.87 and a beta of 2.09. The stock’s 50-day simple moving average is $328.19 and its 200-day simple moving average is $315.49.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, beating the consensus estimate of $2.08 by $0.08. The firm had revenue of $3.96 billion during 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 last year, the firm 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. As a group, equities analysts forecast that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

About Celestica

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.