William Blair Investment Management LLC Sells 53,111 Shares of Celestica, Inc. $CLS

William Blair Investment Management LLC decreased its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 45.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,285 shares of the technology company’s stock after selling 53,111 shares during the period. William Blair Investment Management LLC’s holdings in Celestica were worth $19,003,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Darden Wealth Group Inc raised its stake in Celestica by 19.2% during the 4th quarter. Darden Wealth Group Inc now owns 7,563 shares of the technology company’s stock worth $2,236,000 after acquiring an additional 1,216 shares during the period. Berkshire Capital Holdings Inc. raised its stake in Celestica by 497,800.0% during the 4th quarter. Berkshire Capital Holdings Inc. now owns 49,790 shares of the technology company’s stock worth $14,718,000 after acquiring an additional 49,780 shares during the period. EverSource Wealth Advisors LLC raised its stake in Celestica by 13.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 526 shares of the technology company’s stock worth $155,000 after acquiring an additional 64 shares during the period. Cumberland Partners Ltd raised its stake in Celestica by 35.5% during the 4th quarter. Cumberland Partners Ltd now owns 2,290 shares of the technology company’s stock worth $678,000 after acquiring an additional 600 shares during the period. Finally, Leonteq Securities AG purchased a new stake in Celestica during the 4th quarter valued at approximately $852,000. Institutional investors own 67.38% of the company’s stock.

Insider Buying and Selling 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 value of $1,389,236.08. Following the completion of the transaction, the director directly owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. This trade represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.10% of the company’s stock.

Celestica Trading Up 0.1%

CLS stock opened at $367.81 on Tuesday. The firm has a fifty day moving average price of $343.15 and a 200 day moving average price of $317.06. Celestica, Inc. has a fifty-two week low of $110.54 and a fifty-two week high of $435.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26. The firm has a market cap of $42.29 billion, a PE ratio of 44.47, a price-to-earnings-growth ratio of 0.85 and a beta of 2.09.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, beating 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 firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the firm posted $1.20 earnings per share. Celestica’s revenue for the quarter 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. Sell-side analysts anticipate that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CLS. Wolfe Research raised shares of Celestica to a “strong-buy” rating in a report on Tuesday, February 17th. Weiss Ratings raised shares of Celestica from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. JPMorgan Chase & Co. increased their price objective on shares of Celestica from $410.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. UBS Group increased their price objective on shares of Celestica from $355.00 to $400.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Finally, Citigroup increased their price objective on shares of Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $427.42.

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.