Celestica Inc. (NYSE:CLS) President Sells $11,187,397.20 in Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) President Todd C. Cooper sold 91,490 shares of the company’s stock in a transaction 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. The trade was a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Celestica Stock Down 2.6 %

Shares of NYSE:CLS opened at $129.74 on Friday. The company has a market capitalization of $15.10 billion, a PE ratio of 34.69 and a beta of 2.27. 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 company’s fifty day moving average is $102.31 and its 200-day moving average is $74.25. Celestica Inc. has a 52 week low of $36.00 and a 52 week high of $144.27.

Institutional Trading of Celestica

Several hedge funds have recently modified their holdings of the company. Optimum Investment Advisors boosted 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 acquiring an additional 200 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in Celestica during the 3rd quarter valued at $30,000. Peregrine Capital Management LLC acquired a new position in Celestica in the fourth quarter worth $30,000. UMB Bank n.a. acquired a new position in Celestica in the third quarter worth $34,000. Finally, Private Trust Co. NA increased its stake in shares of Celestica by 480.0% in the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after buying an additional 720 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CLS. Barclays raised their price target on shares of Celestica from $91.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. TD Securities upped their price target on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Royal Bank of Canada lifted their price objective on Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. UBS Group initiated coverage on Celestica in a research note on Friday, November 22nd. They issued a “neutral” rating and a $95.00 target price for the company. Finally, CIBC upgraded shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target on the stock in a research note on Friday, January 31st. 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. According to data from MarketBeat, Celestica currently has an average rating of “Moderate Buy” and an average price target of $103.27.

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.