Northwestern Mutual Wealth Management Co. Has $1.08 Billion Holdings in Celestica, Inc. $CLS

Northwestern Mutual Wealth Management Co. raised its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 5,806,149.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,657,937 shares of the technology company’s stock after acquiring an additional 3,657,874 shares during the period. Celestica comprises about 0.5% of Northwestern Mutual Wealth Management Co.’s investment portfolio, making the stock its 27th largest holding. Northwestern Mutual Wealth Management Co. owned about 3.18% of Celestica worth $1,081,323,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. First Horizon Corp bought a new stake in Celestica during the 3rd quarter worth approximately $31,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Celestica in the fourth quarter valued at approximately $38,000. Fifth Third Bancorp increased its position in shares of Celestica by 48.7% during the third quarter. Fifth Third Bancorp now owns 171 shares of the technology company’s stock worth $42,000 after acquiring an additional 56 shares in the last quarter. LRI Investments LLC bought a new stake in shares of Celestica during the third quarter worth $44,000. Finally, Pinney & Scofield Inc. raised its holdings in shares of Celestica by 20.0% during the third quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock worth $44,000 after acquiring an additional 30 shares during the period. 67.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CLS. Stifel Nicolaus set a $445.00 price objective on shares of Celestica in a research report on Tuesday, April 28th. TD increased their target price on Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a report on Monday, April 20th. BMO Capital Markets boosted their price target on Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a report on Friday, April 24th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $475.00 price objective on shares of Celestica in a research report on Tuesday, April 28th. Finally, UBS Group increased their price objective on Celestica from $355.00 to $400.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $427.42.

Celestica Trading Down 6.0%

Shares of NYSE:CLS opened at $358.50 on Friday. The company’s 50-day moving average price is $332.46 and its two-hundred day moving average price is $316.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. Celestica, Inc. has a one year low of $109.09 and a one year high of $435.00. The stock has a market capitalization of $41.22 billion, a PE ratio of 43.35, a price-to-earnings-growth ratio of 0.89 and a beta of 2.09.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data 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. The company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.Celestica’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same quarter last 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, equities analysts forecast that Celestica, Inc. will post 9.5 EPS 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.