Schonfeld Strategic Advisors LLC Sells 66,755 Shares of Celestica Inc. (NYSE:CLS)

Schonfeld Strategic Advisors LLC reduced its holdings in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 62.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,800 shares of the technology company's stock after selling 66,755 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Celestica were worth $3,674,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Peregrine Capital Management LLC bought a new stake in Celestica during the fourth quarter worth about $30,000. Pinpoint Asset Management Ltd raised its stake 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 stake in shares of Celestica in the 4th quarter valued at approximately $42,000. R Squared Ltd bought a new position in shares of Celestica in the fourth quarter valued at $51,000. Finally, IFP Advisors Inc increased its holdings in Celestica by 122.7% during the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock worth $62,000 after buying an additional 368 shares during the last quarter. 67.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Robert Mionis sold 75,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 456,417 shares in the company, valued at approximately $64,487,157.93. This trade represents a 14.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Todd C. Cooper sold 91,490 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $122.28, for a total transaction of $11,187,397.20. Following the transaction, the president now owns 175,426 shares of the company's stock, valued at approximately $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. Insiders have sold a total of 853,591 shares of company stock worth $106,369,812 in the last 90 days. Company insiders own 1.00% of the company's stock.

Celestica Trading Up 5.4 %

Shares of Celestica stock opened at $94.03 on Friday. 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 firm has a 50-day moving average of $86.23 and a 200-day moving average of $93.23. Celestica Inc. has a 52-week low of $40.25 and a 52-week high of $144.27. The stock has a market cap of $10.90 billion, a PE ratio of 25.14 and a beta of 1.65.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CLS. Barclays decreased their price objective on shares of Celestica from $157.00 to $126.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Stifel Nicolaus lifted their price target on Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. TD Securities upped their price objective on Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. lifted their target price on Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $120.00 price target on shares of Celestica in a research note on Monday, April 28th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Celestica has an average rating of "Moderate Buy" and an average target price 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.

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