Insider Selling: Celestica Inc. (NYSE:CLS) Director Sells $2,468,250.00 in Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) Director Michael Wilson sold 25,000 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $98.73, for a total value of $2,468,250.00. Following the completion of the sale, the director now directly owns 1,784 shares of the company’s stock, valued at approximately $176,134.32. This trade represents a 93.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Celestica Stock Up 1.2 %

CLS stock opened at $103.66 on Friday. The company has a market capitalization of $12.06 billion, a price-to-earnings ratio of 32.91 and a beta of 2.25. 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 business’s 50 day moving average price is $89.79 and its two-hundred day moving average price is $66.44. Celestica Inc. has a fifty-two week low of $26.62 and a fifty-two week high of $104.92.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the company earned $0.65 earnings per share. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. As a group, analysts forecast that Celestica Inc. will post 3.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Celestica

Hedge funds have recently bought and sold shares of the business. Optimum Investment Advisors increased its stake in shares of Celestica by 66.7% during the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Celestica in the 3rd quarter worth approximately $30,000. UMB Bank n.a. bought a new position in Celestica during the 3rd quarter valued at approximately $34,000. Private Trust Co. NA raised its stake in Celestica by 480.0% during 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 during the last quarter. Finally, Global Trust Asset Management LLC bought a new stake in Celestica in the third quarter worth $51,000. Institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on CLS. Barclays assumed coverage on Celestica in a research report on Tuesday, November 5th. They issued an “overweight” rating and a $91.00 price objective for the company. Royal Bank of Canada increased their price target on shares of Celestica from $75.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday. TD Cowen boosted their price objective 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. UBS Group assumed coverage on shares of Celestica in a research note on Friday, November 22nd. They set a “neutral” rating and a $95.00 price objective for the company. Finally, TD Securities raised their target price on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Celestica presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.45.

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.