AYAL Capital Advisors Ltd Sells 212,600 Shares of Celestica Inc. (NYSE:CLS)

AYAL Capital Advisors Ltd reduced its position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 96.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,400 shares of the technology company's stock after selling 212,600 shares during the quarter. AYAL Capital Advisors Ltd's holdings in Celestica were worth $775,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC increased its holdings in shares of Celestica by 91.2% in the 4th quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock valued at $1,078,804,000 after purchasing an additional 5,574,342 shares during the period. FIL Ltd grew its position in Celestica by 5,976.1% during the fourth quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock valued at $319,662,000 after purchasing an additional 3,406,723 shares in the last quarter. Norges Bank acquired a new position in Celestica in the 4th quarter valued at approximately $139,008,000. Arrowstreet Capital Limited Partnership increased its stake in Celestica by 64.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock valued at $329,460,000 after buying an additional 1,401,877 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Celestica by 290.4% during the 4th quarter. Franklin Resources Inc. now owns 1,080,568 shares of the technology company's stock valued at $99,735,000 after buying an additional 803,780 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Trading Up 3.4 %

Shares of NYSE:CLS traded up $3.15 during midday trading on Tuesday, hitting $95.51. 2,749,893 shares of the stock were exchanged, compared to its average volume of 3,154,582. The business's 50-day moving average price is $85.60 and its 200 day moving average price is $93.73. Celestica Inc. has a 12 month low of $40.25 and a 12 month high of $144.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The stock has a market capitalization of $11.08 billion, a price-to-earnings ratio of 25.54 and a beta of 1.65.

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

Insider Buying and Selling at Celestica

In related news, President Todd C. Cooper sold 65,000 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $129.78, for a total value of $8,435,700.00. Following the transaction, the president now directly owns 110,426 shares in the company, valued at $14,331,086.28. This trade represents a 37.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert Mionis sold 75,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $141.29, for a total transaction of $10,596,750.00. Following the completion of the transaction, the chief executive officer now directly owns 456,417 shares in the company, valued at $64,487,157.93. This trade represents a 14.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 146,826 shares of company stock valued at $19,946,588. Corporate insiders own 1.00% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CLS shares. JPMorgan Chase & Co. raised their price target on shares of Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Monday, April 28th. Stifel Nicolaus raised their target price on shares of Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. CIBC cut their target price on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 15th. Argus dropped their price objective on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Finally, TD Securities raised their target price on Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Two investment 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $105.42.

About Celestica

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.