Celestica Inc. (NYSE:CLS) CEO Robert Mionis Sells 52,588 Shares

Celestica Inc. (NYSE:CLS) (TSE:CLS) CEO Robert Mionis sold 52,588 shares of Celestica stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $6,707,073.52. Following the completion of the transaction, the chief executive officer now directly owns 531,417 shares of the company’s stock, valued at approximately $67,776,924.18. This represents a 9.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Celestica Trading Up 9.4 %

Celestica stock opened at $132.19 on Wednesday. The business has a 50-day simple moving average of $100.10 and a two-hundred day simple moving average of $73.34. The company has a market cap of $15.38 billion, a P/E ratio of 35.34 and a beta of 2.27. Celestica Inc. has a 52-week low of $35.56 and a 52-week high of $133.66. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on Celestica from $91.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. UBS Group assumed coverage on Celestica in a report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price objective for the company. TD Securities lifted their price objective on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective for the company in a report on Friday, January 31st. Finally, Canaccord Genuity Group lifted their price objective on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $103.27.

Institutional Investors Weigh In On Celestica

Large investors have recently made changes to their positions in the company. Cornerstone Wealth Management LLC bought a new stake in shares of Celestica during the 4th quarter valued at about $385,000. Quantbot Technologies LP grew its stake in shares of Celestica by 120.9% during the 3rd quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company’s stock valued at $5,299,000 after acquiring an additional 56,732 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of Celestica during the 3rd quarter valued at approximately $61,210,000. Sigma Planning Corp bought a new position in shares of Celestica during the 3rd quarter valued at approximately $420,000. Finally, Advisors Asset Management Inc. grew its stake 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 valued at $1,682,000 after acquiring an additional 12,584 shares during the period. 67.38% of the stock is currently owned by institutional investors.

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.