Chase Investment Counsel Corp Reduces Stake in Celestica, Inc. $CLS

Chase Investment Counsel Corp lessened its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 22.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 34,768 shares of the technology company’s stock after selling 10,227 shares during the period. Celestica accounts for about 2.6% of Chase Investment Counsel Corp’s holdings, making the stock its 10th biggest holding. Chase Investment Counsel Corp’s holdings in Celestica were worth $9,793,000 as of its most recent SEC filing.

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

Insider Activity

In other 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 transaction of $1,389,236.08. Following the completion of the sale, the director owned 24,718 shares in the company, valued at approximately $8,238,756.58. This trade represents a 14.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert Mionis sold 66,056 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $400.06, for a total transaction of $26,426,363.36. Following the sale, the chief executive officer owned 134,328 shares of the company’s stock, valued at approximately $53,739,259.68. This represents a 32.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 161,168 shares of company stock valued at $63,190,485 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group restated a “buy” rating and set a $475.00 target price on shares of Celestica in a report on Tuesday, April 28th. Weiss Ratings downgraded shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Citigroup boosted their price objective on shares of Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. TD upped their target price 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, Zacks Research upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $427.42.

Celestica News Summary

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Several recent analysis pieces remain constructive on Celestica’s growth outlook, citing strong financial momentum, favorable earnings expectations, and potential upside if the company delivers another earnings beat. Celestica (CLS) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Positive Sentiment: Optimistic commentary also points to Celestica as a growth stock tied to AI infrastructure demand, with some analysts arguing it could still be attractively valued if cash flow and earnings continue to expand. Celestica (TSX:CLS) Could Be 33% Below Fair Value On Earnings Optimism
• Positive Sentiment: Celestica also appointed Steven Dorwart to lead its Connectivity and Cloud Solutions unit, a leadership move that could support execution in its enterprise and hyperscaler-focused business. Celestica (TSX:CLS) Appoints Steven Dorwart To Lead Its Connectivity And Cloud Unit
• Neutral Sentiment: Some valuation-focused coverage argues the stock has run up so much over the past several years that expectations are high and the shares may already reflect much of the growth story.
• Negative Sentiment: The main recent concern is that CLS has fallen sharply from its highs and is now being viewed as part of the broader AI-stock pullback, with investors worried about an overbuild cycle and whether demand can keep up with lofty expectations. Celestica stock tumbles ahead of earnings: rebound or more pain?

Celestica Stock Up 10.8%

CLS stock opened at $340.42 on Wednesday. Celestica, Inc. has a 1-year low of $153.11 and a 1-year high of $474.02. The business’s 50 day simple moving average is $364.81 and its 200 day simple moving average is $331.91. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $39.14 billion, a PE ratio of 41.16, a PEG ratio of 0.71 and a beta of 2.05.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share (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 business had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter last year, the firm posted $1.20 EPS. The company’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 anticipate that Celestica, Inc. will post 9.57 EPS for the current 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.