Ausbil Investment Management Ltd Sells 13,268 Shares of Celestica, Inc. (NYSE:CLS)

Ausbil Investment Management Ltd lowered its holdings in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 59.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,028 shares of the technology company's stock after selling 13,268 shares during the quarter. Ausbil Investment Management Ltd's holdings in Celestica were worth $711,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Independent Advisor Alliance grew its position in Celestica by 0.3% during the fourth quarter. Independent Advisor Alliance now owns 29,588 shares of the technology company's stock valued at $2,731,000 after buying an additional 79 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Celestica by 4.6% during the 4th quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company's stock worth $188,000 after acquiring an additional 89 shares during the last quarter. CoreCap Advisors LLC boosted its stake in shares of Celestica by 5.4% during the 4th quarter. CoreCap Advisors LLC now owns 1,760 shares of the technology company's stock worth $162,000 after acquiring an additional 90 shares during the last quarter. Pinpoint Asset Management Ltd grew its position in shares of Celestica by 109.6% during the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after acquiring an additional 182 shares during the period. Finally, Bay Rivers Group increased its stake in shares of Celestica by 1.1% in the 1st quarter. Bay Rivers Group now owns 19,494 shares of the technology company's stock worth $1,536,000 after purchasing an additional 215 shares in the last quarter. Institutional investors own 67.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CLS shares. JPMorgan Chase & Co. raised their target price on Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday, April 28th. Barclays restated an "overweight" rating and issued a $146.00 price target (up previously from $126.00) on shares of Celestica in a research report on Tuesday, June 10th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $130.00 price objective (up previously from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. CIBC cut their price objective on Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 15th. Finally, Argus reduced their target price on shares of Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $116.64.

Celestica Price Performance

NYSE CLS traded up $1.27 during trading hours on Thursday, reaching $150.31. The company's stock had a trading volume of 3,009,797 shares, compared to its average volume of 3,334,865. Celestica, Inc. has a 1 year low of $40.25 and a 1 year high of $152.93. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $17.28 billion, a price-to-earnings ratio of 41.41 and a beta of 1.74. The firm's 50-day moving average price is $112.40 and its 200-day moving average price is $104.11.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings data 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. Celestica had a net margin of 4.26% and a return on equity of 25.57%. The firm had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter last year, the business posted $0.83 earnings per share. The company's revenue for the quarter was up 19.9% compared to the same quarter last year. On average, equities research analysts predict that Celestica, Inc. will post 4.35 EPS for the current fiscal 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.