Clear Street Group Inc. Takes $12.14 Million Position in Celestica, Inc. $CLS

Clear Street Group Inc. bought a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 4th quarter, Holdings Channel reports. The fund bought 41,052 shares of the technology company’s stock, valued at approximately $12,135,000.

Several other institutional investors have also recently added to or reduced their stakes in CLS. Northwestern Mutual Wealth Management Co. raised its holdings in Celestica by 5,806,149.2% in 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 acquiring an additional 3,657,874 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Celestica by 471.5% in 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 acquiring an additional 2,596,318 shares in the last quarter. Viking Global Investors LP acquired a new stake in Celestica in the third quarter valued at $424,459,000. Norges Bank acquired a new stake in Celestica in the fourth quarter valued at $456,511,000. Finally, JPMorgan Chase & Co. raised its holdings in Celestica by 24.8% in the fourth quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock valued at $1,187,650,000 after acquiring an additional 798,782 shares in the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on CLS. Rothschild & Co Redburn began coverage on shares of Celestica in a report on Friday, May 1st. They issued a “buy” rating and a $460.00 price target on the stock. TD upped their price target on shares of Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a report on Monday, April 20th. Citigroup upped their price target on shares of Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. BMO Capital Markets upped their price target on shares of Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $475.00 price target on shares of Celestica in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $427.42.

Insider Buying and Selling at Celestica

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction on 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 directly owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. This represents a 14.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.10% of the company’s stock.

Celestica Stock Up 2.1%

Shares of NYSE:CLS opened at $393.85 on Friday. The stock has a market capitalization of $45.28 billion, a price-to-earnings ratio of 47.62, a price-to-earnings-growth ratio of 0.91 and a beta of 2.02. Celestica, Inc. has a 1-year low of $124.72 and a 1-year high of $474.02. The company’s fifty day moving average is $375.19 and its two-hundred day moving average is $324.66. 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 issued 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 for 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%. The firm’s revenue was up 52.8% compared to the same quarter last year. During the same period in the prior year, the company 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. Equities analysts anticipate that Celestica, Inc. will post 9.5 EPS for the current year.

Celestica Company 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.