Jennison Associates LLC Grows Position in Celestica, Inc. $CLS

Jennison Associates LLC raised its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 90.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,271 shares of the technology company’s stock after purchasing an additional 1,555 shares during the period. Jennison Associates LLC’s holdings in Celestica were worth $967,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Arrowstreet Capital Limited Partnership raised its stake in shares of Celestica by 471.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock worth $775,133,000 after buying an additional 2,596,318 shares during the period. Viking Global Investors LP bought a new position in shares of Celestica during the 3rd quarter valued at approximately $424,459,000. BNP Paribas Financial Markets increased its holdings in Celestica by 6,788.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 438,777 shares of the technology company’s stock worth $108,106,000 after acquiring an additional 432,407 shares in the last quarter. Marshall Wace LLP increased its holdings in Celestica by 1,249.0% in the 3rd quarter. Marshall Wace LLP now owns 278,928 shares of the technology company’s stock worth $68,722,000 after acquiring an additional 258,251 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Celestica by 30.9% during the 3rd quarter. Legal & General Group Plc now owns 973,112 shares of the technology company’s stock worth $239,527,000 after acquiring an additional 229,542 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

CLS has been the subject of a number of recent analyst reports. UBS Group upped their price target on shares of Celestica from $355.00 to $400.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Bank of America raised their price target on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a report on Monday, April 20th. JPMorgan Chase & Co. lifted their price objective on shares of Celestica from $410.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Aletheia Capital increased their price target on Celestica from $330.00 to $410.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen upgraded Celestica from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. One investment 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 company. Based on data from MarketBeat.com, Celestica has a consensus rating of “Moderate Buy” and an average price target of $427.42.

Insider Buying and Selling

In related news, President Todd C. Cooper sold 1,065 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total value of $301,938.15. Following the completion of the sale, the president directly owned 108,970 shares in the company, valued at $30,894,084.70. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Jason Phillips sold 100,000 shares of Celestica stock in a transaction on Friday, February 6th. The stock was sold at an average price of $308.92, for a total transaction of $30,892,000.00. Following the transaction, the president directly owned 12,584 shares of the company’s stock, valued at $3,887,449.28. The trade was a 88.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 122,210 shares of company stock worth $37,518,757 over the last three months. 1.10% of the stock is owned by insiders.

Key Stories Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Zacks upgraded Celestica to a Zacks Rank #1 (Strong Buy), boosting near?term buying interest by highlighting stronger earnings prospects. All You Need to Know About Celestica (CLS) Rating Upgrade to Strong Buy
• Positive Sentiment: Analysts collectively raised Celestica’s revenue forecasts (reported as a ~10% lift), which supports higher valuation targets and signals improving outlook for end?market demand. Industry Analysts Just Upgraded Celestica Inc. (TSE:CLS) Revenue Forecasts By 10%
• Positive Sentiment: Major banks raised price targets and reiterated buy/outperform calls: Goldman Sachs lifted its PT from $430 to $475 after an earnings beat; CIBC increased its PT to US$480 and kept an Outperformer rating; JPMorgan also raised its target to $425 and kept an overweight stance. These upgrades underpin investor confidence and act as near?term buying catalysts. Goldman Sachs is Bullish on Celestica Inc. (CLS) CIBC Raises Celestica’s Price Target to US$480 From US$425 Celestica (NYSE:CLS) Given New $425.00 Price Target at JPMorgan Chase & Co.
• Positive Sentiment: Company fundamentals: Celestica reported a Q1 EPS beat (reported EPS topped estimates) and raised FY guidance, which supports forward earnings multiple expansion. Analysts are citing improving revenue growth and margin dynamics. Celestica, Inc. (CLS) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Technical indicator: CLS recently crossed above its 20?day moving average, a short?term bullish technical signal that can attract momentum traders. Celestica (CLS) Crossed Above the 20-Day Moving Average: What That Means for Investors
• Negative Sentiment: Market reaction volatility: Despite strong Q1 EPS, shares previously plunged intraday (~14% reported) after investors focused on a revenue miss in the Enterprise segment and component?shortage noise—this shows profit?taking and sensitivity to execution risks. Celestica Stock Falls 14% Despite Posting Strong Q1 Results

Celestica Trading Down 0.2%

Shares of NYSE CLS opened at $418.29 on Monday. Celestica, Inc. has a 1-year low of $90.00 and a 1-year high of $426.55. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. The business’s 50 day moving average is $313.88 and its two-hundred day moving average is $309.85. The stock has a market capitalization of $48.09 billion, a P/E ratio of 50.58, a PEG ratio of 1.01 and a beta of 2.09.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data 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. The business had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The company’s revenue for the quarter was up 52.8% on a year-over-year basis. During the same period last year, the company earned $1.20 EPS. 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 expect that Celestica, Inc. will post 9.15 EPS for the current year.

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.