Ardsley Advisory Partners LP Has $5.54 Million Holdings in Celestica Inc. (NYSE:CLS)

Ardsley Advisory Partners LP trimmed its holdings in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 80.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,000 shares of the technology company's stock after selling 240,000 shares during the period. Ardsley Advisory Partners LP owned about 0.05% of Celestica worth $5,538,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Peregrine Capital Management LLC bought a new stake in Celestica during the 4th quarter worth approximately $30,000. Pinpoint Asset Management Ltd raised its holdings in shares of Celestica by 109.6% during the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after acquiring an additional 182 shares during the period. Bessemer Group Inc. bought a new stake in Celestica in the 4th quarter valued at $42,000. R Squared Ltd acquired a new position in Celestica in the 4th quarter worth $51,000. Finally, IFP Advisors Inc increased its holdings in Celestica by 122.7% during the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock worth $62,000 after purchasing an additional 368 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Argus decreased their price objective on Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a report on Tuesday. JPMorgan Chase & Co. lifted their price objective on shares of Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Monday, April 28th. Barclays reduced their target price on shares of Celestica from $157.00 to $126.00 and set an "overweight" rating for the company in a report on Monday, April 28th. CIBC lowered their price target on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research note on Tuesday, April 15th. Finally, Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $105.42.

Insider Transactions at Celestica

In other news, insider Alok K. Agrawal sold 6,826 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total value of $914,137.92. Following the completion of the sale, the insider now owns 9,224 shares of the company's stock, valued at approximately $1,235,278.08. The trade was a 42.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Yann L. Etienvre sold 83,179 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.28, for a total transaction of $10,171,128.12. Following the transaction, the insider now directly owns 9,224 shares in the company, valued at approximately $1,127,910.72. This represents a 90.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 853,591 shares of company stock worth $106,369,812 over the last quarter. Company insiders own 1.00% of the company's stock.

Celestica Stock Performance

CLS opened at $94.03 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 12-month low of $40.25 and a 12-month high of $144.27. The business has a 50 day moving average of $86.23 and a 200-day moving average of $92.99. The stock has a market cap of $10.90 billion, a price-to-earnings ratio of 25.14 and a beta of 2.09.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.10. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.56 billion. Celestica had a return on equity of 23.34% and a net margin of 4.61%. The company's quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. On average, equities research analysts expect that Celestica Inc. will post 4.35 earnings per share for the current year.

Celestica Company Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.

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