Ausbil Investment Management Ltd Sells 25,510 Shares of Celestica Inc. (NYSE:CLS)

Ausbil Investment Management Ltd decreased its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 53.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 22,296 shares of the technology company’s stock after selling 25,510 shares during the period. Celestica accounts for about 1.3% of Ausbil Investment Management Ltd’s portfolio, making the stock its 29th largest holding. Ausbil Investment Management Ltd’s holdings in Celestica were worth $2,161,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CLS. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Celestica during the 3rd quarter worth about $61,210,000. Whale Rock Capital Management LLC raised its stake in Celestica by 13.0% in the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock worth $432,846,000 after purchasing an additional 975,163 shares in the last quarter. Point72 Asset Management L.P. raised its stake in Celestica by 38.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock worth $55,451,000 after purchasing an additional 301,563 shares in the last quarter. Natixis Advisors LLC raised its stake in Celestica by 1,697.3% in the 3rd quarter. Natixis Advisors LLC now owns 233,485 shares of the technology company’s stock worth $11,936,000 after purchasing an additional 220,494 shares in the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd raised its stake in Celestica by 53.8% in the 3rd quarter. Broad Peak Investment Advisers Pte Ltd now owns 524,245 shares of the technology company’s stock worth $26,799,000 after purchasing an additional 183,300 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

CLS has been the subject of several analyst reports. TD Cowen lifted their price objective on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. CIBC upgraded shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective for the company in a research note on Friday. UBS Group initiated coverage on shares of Celestica in a research note on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price objective for the company. Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday. Finally, Royal Bank of Canada boosted their target price on shares of Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Celestica presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.64.

Insider Buying and Selling

In related news, Director Michael Wilson sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the completion of the transaction, the director now directly owns 1,784 shares in the company, valued at $176,134.32. This represents a 93.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Celestica Price Performance

CLS stock opened at $123.57 on Friday. The company has a 50 day simple moving average of $98.48 and a 200 day simple moving average of $72.18. The stock has a market cap of $14.38 billion, a price-to-earnings ratio of 33.04 and a beta of 2.25. Celestica Inc. has a 1 year low of $32.80 and a 1 year high of $133.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

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.