Ardsley Advisory Partners LP Has $21.08 Million Stock Holdings in Celestica, Inc. $CLS

Ardsley Advisory Partners LP trimmed its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 44.9% during the second quarter, according to the company in its most recent disclosure 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 makes up approximately 2.8% of Ardsley Advisory Partners LP’s investment portfolio, making the stock its 8th largest holding. Ardsley Advisory Partners LP’s holdings in Celestica were worth $21,075,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its holdings in shares of Celestica by 1,103.8% during the 1st quarter. Jones Financial Companies Lllp now owns 24,486 shares of the technology company’s stock worth $1,930,000 after purchasing an additional 22,452 shares during the period. Thompson Davis & CO. Inc. acquired a new stake in shares of Celestica during the 2nd quarter valued at approximately $328,000. Y Intercept Hong Kong Ltd raised its stake in Celestica by 406.3% during the second quarter. Y Intercept Hong Kong Ltd now owns 52,606 shares of the technology company’s stock worth $8,212,000 after acquiring an additional 42,215 shares during the period. Fortis Capital Advisors LLC acquired a new stake in shares of Celestica during the 2nd quarter worth approximately $343,000. Finally, TD Waterhouse Canada Inc. lifted its stake in Celestica by 2.2% in the second quarter. TD Waterhouse Canada Inc. now owns 150,422 shares of the technology company’s stock valued at $22,356,000 after buying an additional 3,221 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

CLS has been the subject of a number of recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $385.00 target price (up previously from $230.00) on shares of Celestica in a research report on Wednesday, October 29th. UBS Group lifted their price target on Celestica from $208.00 to $350.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Wall Street Zen cut Celestica from a “buy” rating to a “hold” rating in a research report on Saturday. CICC Research assumed coverage on shares of Celestica in a research report on Tuesday, August 19th. They set an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. raised their price target on Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $336.13.

Celestica Stock Performance

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

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the company earned $1.04 earnings per share. The company’s revenue was up 27.8% on a year-over-year basis. On average, equities research analysts predict that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Insider Buying and Selling at Celestica

In other news, Director Laurette T. Koellner bought 6,000 shares of the stock in a transaction on Thursday, October 30th. The stock was purchased at an average price of $341.67 per share, for a total transaction of $2,050,020.00. Following the acquisition, the director owned 6,000 shares in the company, valued at approximately $2,050,020. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.52% of the stock is owned by company insiders.

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.