Celestica Inc. (NYSE:CLS) Shares Sold by First Trust Advisors LP

First Trust Advisors LP trimmed its holdings in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 25.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,544 shares of the technology company's stock after selling 31,958 shares during the period. First Trust Advisors LP owned about 0.08% of Celestica worth $8,631,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

CLS has been the subject of a number of research analyst reports. Barclays dropped 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. TD Securities boosted their target price on Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. Cibc World Mkts upgraded Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. lifted their price target on Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Stifel Nicolaus increased their price objective 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. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Celestica has an average rating of "Moderate Buy" and a consensus price target of $105.42.

Celestica Trading Up 5.4 %

Shares of Celestica stock traded up $4.82 during trading hours on Friday, reaching $94.03. 3,327,629 shares of the company's stock were exchanged, compared to its average volume of 3,153,872. The company has a fifty day moving average of $86.47 and a 200-day moving average of $92.76. Celestica Inc. has a 52-week low of $40.25 and a 52-week high of $144.27. The firm has a market capitalization of $10.90 billion, a price-to-earnings ratio of 25.14 and a beta of 2.09. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.10. Celestica had a return on equity of 23.34% and a net margin of 4.61%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the business posted $0.83 EPS. The company's quarterly revenue was up 19.9% compared to the same quarter last year. Sell-side analysts forecast that Celestica Inc. will post 4.35 EPS for the current fiscal year.

Insider Activity at Celestica

In other news, insider Alok K. Agrawal sold 6,826 shares of the company's stock in a transaction on 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 transaction, the insider now directly owns 9,224 shares in the company, valued at approximately $1,235,278.08. This represents a 42.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Todd C. Cooper sold 91,490 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $122.28, for a total value of $11,187,397.20. Following the sale, the president now owns 175,426 shares of the company's stock, valued at $21,451,091.28. This represents a 34.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 853,591 shares of company stock worth $106,369,812. Corporate insiders own 1.00% of the company's stock.

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.