Apis Capital Advisors LLC Sells 3,671 Shares of Celestica, Inc. $CLS
by Sarita Garza · The Markets DailyApis Capital Advisors LLC lessened its stake in Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) by 13.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 23,764 shares of the technology company’s stock after selling 3,671 shares during the period. Celestica comprises about 1.2% of Apis Capital Advisors LLC’s holdings, making the stock its 24th biggest position. Apis Capital Advisors LLC’s holdings in Celestica were worth $7,025,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in CLS. Northwestern Mutual Wealth Management Co. increased its stake in Celestica by 5,806,149.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after acquiring an additional 3,657,874 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Celestica by 471.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock valued at $775,133,000 after acquiring an additional 2,596,318 shares during the period. Viking Global Investors LP bought a new stake in Celestica in the third quarter valued at about $424,459,000. Norges Bank bought a new stake in Celestica in the fourth quarter valued at about $456,511,000. Finally, AQR Capital Management LLC bought a new stake in Celestica in the fourth quarter valued at about $315,497,000. Institutional investors own 67.38% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently weighed in on CLS. TD upped their target price on shares of Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a research note on Monday, April 20th. TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and upped their target price for the company from $350.00 to $430.00 in a research note on Wednesday, April 29th. Stifel Nicolaus set a $445.00 price objective on shares of Celestica in a research note on Tuesday, April 28th. Citigroup upped 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. Finally, TD Securities raised shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective on the stock in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $427.42.
Check Out Our Latest Analysis on CLS
Trending Headlines about Celestica
Here are the key news stories impacting Celestica this week:
- Positive Sentiment: Celestica continues to attract investor attention, and Zacks highlighted CLS as one of several GARP stocks with solid growth prospects and attractive valuation. Add These 4 GARP Stocks to Your Portfolio to Receive Handsome Returns
- Positive Sentiment: Another Zacks note said CLS has been showing up frequently in investor searches, which can reflect heightened interest in the stock and ongoing bullish speculation. Celestica, Inc. (CLS) is Attracting Investor Attention: Here is What You Should Know
- Neutral Sentiment: A Yahoo Finance piece pointed to Celestica as a potential beneficiary of surging data-center demand, a broader industry tailwind that could support its long-term growth outlook. 3 TSX Stocks That Could Benefit From Surging Data Centre Demand
- Neutral Sentiment: Separately, a GlobeNewswire release about “CLS Living” expanding its property portfolio appears unrelated to Celestica, so it likely has little to no impact on the stock. CLS Living Expands National Portfolio with Eight New Communities Under Management
- Negative Sentiment: CEO Robert Mionis sold multiple blocks of Celestica shares, including a large June 16 sale and another June 17 sale, signaling significant insider selling that may raise caution among investors. SEC filing for Robert Mionis sale
- Negative Sentiment: CFO Mandeep Chawla also sold shares on June 15, adding to the impression that company insiders may be taking profits after the stock’s strong run. SEC filing for Mandeep Chawla sale
Insider Activity at Celestica
In related news, CEO Robert Mionis sold 18,176 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $385.17, for a total transaction of $7,000,849.92. Following the sale, the chief executive officer directly owned 60,384 shares in the company, valued at $23,258,105.28. This trade represents a 23.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Mandeep Chawla sold 17,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the sale, the chief financial officer owned 82,444 shares in the company, valued at approximately $32,948,744.60. The trade was a 17.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 161,168 shares of company stock worth $63,190,485 in the last quarter. Corporate insiders own 1.10% of the company’s stock.
Celestica Price Performance
Shares of CLS stock opened at $380.31 on Thursday. The firm’s 50 day moving average is $380.87 and its 200-day moving average is $325.89. Celestica, Inc. has a 1 year low of $130.68 and a 1 year high of $474.02. The firm has a market capitalization of $43.72 billion, a price-to-earnings ratio of 45.99, a PEG ratio of 0.89 and a beta of 2.02. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36.
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last announced its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share 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 for the quarter, compared to analyst estimates of $3.97 billion. During the same period in the prior year, the business posted $1.20 earnings per share. Celestica’s revenue 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 forecast that Celestica, Inc. will post 9.5 EPS for the current fiscal 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.
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