Summerhill Capital Management lnc. Sells 8,646 Shares of Celestica, Inc. $CLS

Summerhill Capital Management lnc. decreased its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 46.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,868 shares of the technology company’s stock after selling 8,646 shares during the period. Celestica makes up 2.7% of Summerhill Capital Management lnc.’s investment portfolio, making the stock its 14th biggest holding. Summerhill Capital Management lnc.’s holdings in Celestica were worth $2,923,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on CLS shares. Canaccord Genuity Group raised their price objective on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Susquehanna raised their price objective on Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. Weiss Ratings upgraded shares of Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Zacks Research downgraded shares of Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Rothschild & Co Redburn initiated coverage on shares of Celestica in a research note on Friday, May 1st. They issued a “buy” rating and a $460.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Celestica has an average rating of “Moderate Buy” and a consensus target price of $427.42.

Celestica Trading Down 6.9%

Shares of NYSE:CLS opened at $385.14 on Friday. Celestica, Inc. has a 52-week low of $92.30 and a 52-week high of $435.00. The company has a market capitalization of $44.28 billion, a P/E ratio of 46.57, a price-to-earnings-growth ratio of 0.96 and a beta of 2.09. The company has a 50-day simple moving average of $320.48 and a 200 day simple moving average of $312.59. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26.

Celestica (NYSE:CLS) (TSE:CLS) last issued its 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 net margin of 6.95% and a return on equity of 36.91%. The business had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period last year, the business posted $1.20 EPS. Celestica’s 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. Sell-side analysts forecast that Celestica, Inc. will post 9.5 earnings per share 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.