Varma Mutual Pension Insurance Co Purchases New Stake in Celestica, Inc. $CLS

Key Points

• Varma Mutual Pension Insurance Co purchased a new stake of 26,600 shares in Celestica (NYSE:CLS) during Q4, valued at about $7.88 million.
• Celestica beat Q1 expectations with EPS of $2.16 (vs. $2.08 est.) and revenue of $3.96 billion, up 52.8% year-over-year, and issued FY2026 guidance of 10.15 EPS with Q2 guidance of 2.14–2.34.
• Sell-side sentiment has turned more positive—several firms raised targets and ratings, leaving the stock with an average rating of Moderate Buy and an average price target of $427.42.

Varma Mutual Pension Insurance Co purchased a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 26,600 shares of the technology company's stock, valued at approximately $7,879,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its stake in Celestica by 42.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company's stock valued at $31,000 after acquiring an additional 37 shares during the last quarter. First Horizon Corp bought a new position in Celestica in the third quarter valued at approximately $31,000. Atlantic Edge Private Wealth Management LLC bought a new position in Celestica in the fourth quarter valued at approximately $38,000. Avion Wealth bought a new position in Celestica in the third quarter valued at approximately $40,000. Finally, Fifth Third Bancorp boosted its stake in Celestica by 48.7% in the third quarter. Fifth Third Bancorp now owns 171 shares of the technology company's stock valued at $42,000 after acquiring an additional 56 shares during the last quarter. 67.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Susquehanna raised their target price on Celestica from $460.00 to $510.00 and gave the stock a "positive" rating in a report on Wednesday, April 29th. Bank of America raised their target price on Celestica from $400.00 to $430.00 and gave the stock a "buy" rating in a report on Monday, April 20th. Weiss Ratings upgraded Celestica from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday. Canadian Imperial Bank of Commerce restated an "outperform" rating and set a $480.00 target price on shares of Celestica in a report on Wednesday, April 29th. Finally, Wall Street Zen raised shares of Celestica from a "hold" rating to a "buy" rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $427.42.

Celestica Trading Down 0.8%

NYSE:CLS opened at $417.47 on Wednesday. Celestica, Inc. has a fifty-two week low of $90.00 and a fifty-two week high of $435.00. 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 stock has a market capitalization of $48.00 billion, a PE ratio of 50.48, a price-to-earnings-growth ratio of 0.98 and a beta of 2.09. The business's 50-day simple moving average is $316.36 and its 200-day simple moving average is $310.88.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released 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 return on equity of 36.91% and a net margin of 6.95%.The business had revenue of $3.96 billion for the quarter, compared to analysts' expectations of $3.97 billion. During the same quarter in the previous year, the business posted $1.20 EPS. Celestica's revenue for the quarter 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 expect that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, President Jason Phillips sold 100,000 shares of the business's stock in a transaction on Friday, February 6th. The shares were sold at an average price of $308.92, for a total value of $30,892,000.00. Following the sale, the president directly owned 12,584 shares of the company's stock, valued at approximately $3,887,449.28. The trade was a 88.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company's stock.

Celestica Company 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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