Celestica (NYSE:CLS) Stock Price Down 0.2% – Time to Sell?

Celestica Inc. (NYSE:CLS) (TSE:CLS) was down 0.2% during trading on Wednesday . The company traded as low as $128.03 and last traded at $132.04. Approximately 892,211 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 4,756,929 shares. The stock had previously closed at $132.29.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CLS shares. Stifel Nicolaus lifted their target price on shares of Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday. BMO Capital Markets lifted their price objective on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. UBS Group assumed coverage on Celestica in a report on Friday, November 22nd. They set a “neutral” rating and a $95.00 target price on the stock. TD Cowen boosted their price target on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $110.83.

Celestica Trading Down 4.5 %

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 firm has a fifty day moving average of $110.78 and a 200-day moving average of $80.16. The stock has a market capitalization of $13.89 billion, a price-to-earnings ratio of 31.93 and a beta of 2.27.

Insider Transactions at Celestica

In other Celestica news, CEO Robert Mionis sold 75,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $141.29, for a total value of $10,596,750.00. Following the completion of the transaction, the chief executive officer now directly owns 456,417 shares of the company’s stock, valued at $64,487,157.93. This represents a 14.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Todd C. Cooper sold 65,000 shares of Celestica stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $129.78, for a total value of $8,435,700.00. Following the sale, the president now directly owns 110,426 shares in the company, valued at approximately $14,331,086.28. The trade was a 37.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 959,381 shares of company stock valued at $119,142,019. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Celestica

Institutional investors and hedge funds have recently made changes to their positions in the business. Financial Management Professionals Inc. bought a new position in Celestica during the 3rd quarter valued at $30,000. Peregrine Capital Management LLC acquired a new position in shares of Celestica in the 4th quarter worth approximately $30,000. Pinpoint Asset Management Ltd increased its holdings in shares of Celestica by 109.6% in the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock valued at $32,000 after acquiring an additional 182 shares during the last quarter. Bessemer Group Inc. acquired a new stake in shares of Celestica during the 4th quarter valued at approximately $42,000. Finally, Private Trust Co. NA raised its position in shares of Celestica by 480.0% during the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after acquiring an additional 720 shares in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

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.