Diversify Wealth Management LLC Purchases New Position in Celestica, Inc. $CLS

Diversify Wealth Management LLC acquired a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,298 shares of the technology company’s stock, valued at approximately $4,027,000.

Several other large investors have also recently bought and sold shares of CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Celestica in the 4th quarter valued at $28,000. Ascentis Independent Advisors acquired a new stake in Celestica during the 1st quarter worth $29,000. Swiss RE Ltd. bought a new position in Celestica during the fourth quarter worth about $29,000. Cullen Frost Bankers Inc. bought a new position in Celestica during the fourth quarter worth about $30,000. Finally, Sittner & Nelson LLC acquired a new position in Celestica in the fourth quarter valued at about $31,000. Institutional investors own 67.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CLS. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $480.00 price target on shares of Celestica in a report on Wednesday, April 29th. Barclays boosted their price objective on Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Rothschild & Co Redburn started coverage on Celestica in a research note on Friday, May 1st. They set a “buy” rating and a $460.00 target price for the company. Royal Bank Of Canada raised their target price on shares of Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, TD Cowen upgraded shares of Celestica from a “hold” rating to a “buy” rating and raised their target price for the stock from $350.00 to $430.00 in a report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $427.42.

Celestica Stock Performance

CLS opened at $360.53 on Monday. The company has a market capitalization of $41.45 billion, a price-to-earnings ratio of 43.59, a P/E/G ratio of 0.84 and a beta of 2.05. The business’s 50-day moving average price is $374.44 and its two-hundred day moving average price is $330.83. Celestica, Inc. has a 1 year low of $153.11 and a 1 year high of $474.02. 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 (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, beating the consensus estimate of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The firm had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the previous year, the business posted $1.20 EPS. The business’s quarterly revenue was up 52.8% compared to the same quarter last year. 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 expect that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Insider Transactions at Celestica

In other news, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total value of $1,389,236.08. Following the sale, the director owned 24,718 shares of the company’s stock, valued at $8,238,756.58. The trade was a 14.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the transaction, the chief financial officer owned 82,444 shares of the company’s stock, valued at $32,948,744.60. The trade was a 17.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 161,168 shares of company stock valued at $63,190,485 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

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.