Clark Capital Management Group Inc. Has $65.60 Million Position in Celestica, Inc. $CLS

Clark Capital Management Group Inc. reduced its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 51.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 221,918 shares of the technology company’s stock after selling 230,634 shares during the period. Clark Capital Management Group Inc.’s holdings in Celestica were worth $65,601,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Celestica in the fourth quarter valued at approximately $28,000. Swiss RE Ltd. acquired a new stake in Celestica in the fourth quarter worth $29,000. Cullen Frost Bankers Inc. acquired a new stake in Celestica in the fourth quarter worth $30,000. Sittner & Nelson LLC acquired a new stake in Celestica in the fourth quarter worth $31,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in Celestica in the fourth quarter worth $38,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CLS shares. BMO Capital Markets increased their target price on shares of Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. TD Cowen upgraded shares of Celestica from a “hold” rating to a “buy” rating and increased their target price for the stock from $350.00 to $430.00 in a report on Wednesday, April 29th. Weiss Ratings upgraded shares of Celestica from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Rothschild & Co Redburn started coverage on shares of Celestica in a report on Friday, May 1st. They issued a “buy” rating and a $460.00 target price on the stock. Finally, TD increased their target price on shares of Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $427.42.

Insider Activity at Celestica

In related news, Director Michael Max Wilson sold 4,168 shares of the firm’s 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 in the company, valued at $8,238,756.58. This trade represents a 14.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.10% of the stock is currently owned by insiders.

Celestica Trading Down 5.2%

Shares of NYSE:CLS opened at $382.40 on Wednesday. Celestica, Inc. has a 12 month low of $128.24 and a 12 month high of $474.02. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The company’s fifty day simple moving average is $379.10 and its 200 day simple moving average is $325.55. The firm has a market cap of $43.96 billion, a price-to-earnings ratio of 46.24, a PEG ratio of 0.94 and a beta of 2.02.

Celestica (NYSE:CLS) (TSE:CLS) last issued 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. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the business posted $1.20 earnings per share. The firm’s quarterly revenue was up 52.8% on a year-over-year basis. 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, research analysts forecast that Celestica, Inc. will post 9.5 EPS 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.