Celestica Inc. (NYSE:CLS) Insider Sells $1,170,944.74 in Stock

Celestica Inc. (NYSE:CLSGet Free Report) (TSE:CLS) insider Yann L. Etienvre sold 9,181 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $1,170,944.74. Following the sale, the insider now owns 83,179 shares in the company, valued at $10,608,649.66. The trade was a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Celestica Price Performance

NYSE:CLS traded down $2.51 during trading hours on Monday, reaching $120.96. 8,340,130 shares of the company’s stock were exchanged, compared to its average volume of 4,932,656. Celestica Inc. has a 12 month low of $35.56 and a 12 month high of $133.66. The company has a market capitalization of $14.07 billion, a P/E ratio of 32.34 and a beta of 2.25. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The business’s 50-day simple moving average is $99.19 and its two-hundred day simple moving average is $72.81.

Analysts Set New Price Targets

CLS has been the subject of a number of research reports. TD Cowen boosted their price target on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Barclays boosted their target price on Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday. Royal Bank of Canada raised their target price on shares of Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, BMO Capital Markets lifted their target price on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and a consensus price target of $99.64.

Read Our Latest Analysis on Celestica

Institutional Trading of Celestica

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Peregrine Capital Management LLC acquired a new position in Celestica during the 4th quarter valued at $30,000. Optimum Investment Advisors grew its holdings in shares of Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. R Squared Ltd acquired a new position in shares of Celestica in the 4th quarter worth approximately $51,000. Financial Management Professionals Inc. acquired a new position in Celestica during the 3rd quarter worth about $30,000. Finally, UMB Bank n.a. acquired a new stake in shares of Celestica in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Company Profile

(Get Free Report)

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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