Celestica, Inc. $CLS Stock Position Lifted by Franklin Resources Inc.

Franklin Resources Inc. grew its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 18.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,278,214 shares of the technology company’s stock after buying an additional 356,797 shares during the quarter. Franklin Resources Inc.’s holdings in Celestica were worth $673,471,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Spark Investment Management LLC boosted its holdings in shares of Celestica by 17.4% in the third quarter. Spark Investment Management LLC now owns 27,000 shares of the technology company’s stock valued at $6,643,000 after acquiring an additional 4,000 shares in the last quarter. Spire Wealth Management raised its holdings in Celestica by 354.3% during the fourth quarter. Spire Wealth Management now owns 5,979 shares of the technology company’s stock worth $1,767,000 after purchasing an additional 4,663 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in Celestica in the third quarter worth approximately $28,924,000. CIBC Asset Management Inc lifted its position in Celestica by 7.7% in the fourth quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock worth $129,499,000 after purchasing an additional 31,086 shares during the period. Finally, Norges Bank bought a new position in Celestica during the 4th quarter valued at $456,511,000. 67.38% of the stock is currently owned by institutional investors.

Insider Activity at Celestica

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the firm’s stock in a transaction dated 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 completion of the transaction, 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 filing with the SEC, which is available through this link. 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 Stock Performance

CLS opened at $385.55 on Tuesday. 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 firm has a market cap of $44.33 billion, a PE ratio of 46.62, a P/E/G ratio of 0.86 and a beta of 2.02. The business has a fifty day simple moving average of $367.06 and a 200-day simple moving average of $322.44. Celestica, Inc. has a fifty-two week low of $117.28 and a fifty-two week high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last announced 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. The business had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.Celestica’s revenue was up 52.8% compared to the same quarter last year. During the same period in the prior year, the business posted $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. As a group, equities analysts predict that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. BMO Capital Markets boosted their price objective on Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Citigroup lifted their target price on Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. The Goldman Sachs Group reiterated a “buy” rating and issued a $475.00 price target on shares of Celestica in a research report on Tuesday, April 28th. 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. Finally, Stifel Nicolaus set a $445.00 price objective on shares of Celestica in a research report on Tuesday, April 28th. One equities research 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $427.42.

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.