Legal & General Group Plc Sells 77,982 Shares of Celestica, Inc. $CLS

Legal & General Group Plc cut its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 895,130 shares of the technology company’s stock after selling 77,982 shares during the period. Legal & General Group Plc’s holdings in Celestica were worth $265,106,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Celestica by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company’s stock valued at $1,423,333,000 after purchasing an additional 73,022 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Celestica by 5,806,149.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after purchasing an additional 3,657,874 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Celestica by 471.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock valued at $775,133,000 after purchasing an additional 2,596,318 shares during the period. Franklin Resources Inc. increased its position in shares of Celestica by 4.8% during the third quarter. Franklin Resources Inc. now owns 1,921,417 shares of the technology company’s stock valued at $473,386,000 after purchasing an additional 88,212 shares during the period. Finally, Viking Global Investors LP acquired a new stake in Celestica in the 3rd quarter valued at $424,459,000. 67.38% of the stock is currently owned by institutional investors.

Celestica Price Performance

Shares of CLS stock opened at $371.25 on Wednesday. The stock’s fifty day simple moving average is $345.30 and its 200 day simple moving average is $317.19. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. The firm has a market cap of $42.68 billion, a price-to-earnings ratio of 44.89, a P/E/G ratio of 0.85 and a beta of 2.09. Celestica, Inc. has a one year low of $110.54 and a one year high of $435.00.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.08. The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The business’s revenue was up 52.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.20 earnings per share. 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, analysts expect that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on CLS shares. Canaccord Genuity Group boosted their price target on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. TD Cowen raised Celestica from a “hold” rating to a “buy” rating and boosted their price target for the company from $350.00 to $430.00 in a research note on Wednesday, April 29th. Royal Bank Of Canada boosted their price target on Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $480.00 price target on shares of Celestica in a research note on Wednesday, April 29th. Finally, Rothschild & Co Redburn started coverage on Celestica in a research note on Friday, May 1st. They issued a “buy” rating and a $460.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $427.42.

Insider Buying and Selling

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the business’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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.10% of the company’s stock.

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.