Ardsley Advisory Partners LP Sells 110,000 Shares of Celestica, Inc. $CLS

Ardsley Advisory Partners LP reduced its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 44.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,000 shares of the technology company’s stock after selling 110,000 shares during the period. Celestica comprises approximately 2.8% of Ardsley Advisory Partners LP’s holdings, making the stock its 8th biggest position. Ardsley Advisory Partners LP owned 0.12% of Celestica worth $21,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC grew its stake in Celestica by 102.5% in the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after purchasing an additional 83 shares in the last quarter. ST Germain D J Co. Inc. acquired a new stake in Celestica during the second quarter valued at approximately $37,000. Twin Peaks Wealth Advisors LLC bought a new position in Celestica during the 2nd quarter worth approximately $40,000. First Horizon Advisors Inc. grew its position in shares of Celestica by 33.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock worth $55,000 after acquiring an additional 87 shares in the last quarter. Finally, Wolff Wiese Magana LLC increased its holdings in shares of Celestica by 45.6% in the 2nd quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock valued at $57,000 after acquiring an additional 114 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Celestica Stock Up 0.4%

CLS opened at $342.24 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.47. The business has a 50 day moving average price of $301.34 and a 200 day moving average price of $223.24. The firm has a market cap of $39.36 billion, a P/E ratio of 55.56 and a beta of 1.83. Celestica, Inc. has a twelve month low of $58.05 and a twelve month high of $363.40.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.13. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.01 billion. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The company’s revenue was up 27.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.04 EPS. Research analysts forecast that Celestica, Inc. will post 4.35 EPS for the current year.

Insider Activity

In other news, Director Laurette T. Koellner purchased 6,000 shares of Celestica stock in a transaction on Thursday, October 30th. The shares were purchased at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the completion of the transaction, the director directly owned 6,000 shares in the company, valued at approximately $2,050,020. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

CLS has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. BNP Paribas reiterated an “outperform” rating and set a $300.00 price objective on shares of Celestica in a research note on Thursday, September 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Celestica in a research note on Wednesday, October 8th. CICC Research began coverage on Celestica in a research report on Tuesday, August 19th. They set an “outperform” rating for the company. Finally, TD Securities increased their target price on shares of Celestica from $238.00 to $305.00 and gave the company a “hold” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $336.13.

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.