Whale Rock Capital Management LLC Sells 2,527,326 Shares of Celestica Inc. (NYSE:CLS)

Whale Rock Capital Management LLC lowered its stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 29.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,939,918 shares of the technology company's stock after selling 2,527,326 shares during the period. Celestica makes up 6.5% of Whale Rock Capital Management LLC's portfolio, making the stock its 4th largest holding. Whale Rock Capital Management LLC owned 5.10% of Celestica worth $548,254,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Peregrine Capital Management LLC acquired a new position in shares of Celestica during the 4th quarter worth approximately $30,000. 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 worth $32,000 after purchasing an additional 182 shares in the last quarter. Bessemer Group Inc. acquired a new position in shares of Celestica during the 4th quarter worth approximately $42,000. R Squared Ltd acquired a new position in shares of Celestica during the 4th quarter worth approximately $51,000. Finally, IFP Advisors Inc grew its position in shares of 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. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Price Performance

Shares of NYSE:CLS opened at $111.29 on Tuesday. The company has a market cap of $12.87 billion, a price-to-earnings ratio of 29.76 and a beta of 1.65. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The firm has a 50 day simple moving average of $88.35 and a 200 day simple moving average of $96.40. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 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 net margin of 4.61% and a return on equity of 23.34%. The firm's revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.83 EPS. Research analysts predict that Celestica Inc. will post 4.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on CLS shares. JPMorgan Chase & Co. increased their target price on shares of Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Barclays cut their price target 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. Argus cut their price target 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. TD Securities upped their price target on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Finally, CIBC cut their price target on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $109.55.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.