Celestica Inc. (NYSE:CLS) CFO Sells $1,209,461.82 in Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) CFO Mandeep Chawla sold 9,483 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,209,461.82. Following the sale, the chief financial officer now owns 90,771 shares in the company, valued at $11,576,933.34. The trade was a 9.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Celestica Price Performance

Shares of NYSE:CLS traded down $2.51 during trading on Monday, reaching $120.96. The stock had a trading volume of 8,340,130 shares, compared to its average volume of 4,932,656. The business has a fifty day moving average price of $99.19 and a 200-day moving average price of $72.81. Celestica Inc. has a 1-year low of $35.56 and a 1-year high of $133.66. 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 stock has a market cap of $14.07 billion, a PE ratio of 32.34 and a beta of 2.25.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday. CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective on the stock in a research report on Friday. Stifel Nicolaus lifted their price target on shares of Celestica from $70.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Royal Bank of Canada raised their target price on shares of Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a report on Friday. Finally, Canaccord Genuity Group increased their price target on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.64.

Institutional Investors Weigh In On Celestica

Hedge funds have recently modified their holdings of the business. Cornerstone Wealth Management LLC purchased a new position in Celestica in the 4th quarter worth approximately $385,000. Quantbot Technologies LP raised its holdings in shares of Celestica by 120.9% in the 3rd quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company’s stock valued at $5,299,000 after buying an additional 56,732 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Celestica in the third quarter valued at approximately $61,210,000. Sigma Planning Corp acquired a new position in Celestica during the 3rd quarter worth $420,000. Finally, Advisors Asset Management Inc. lifted its position in shares of Celestica by 61.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company’s stock worth $1,682,000 after purchasing an additional 12,584 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

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.