Yann L. Etienvre Sells 9,181 Shares of Celestica Inc. (NYSE:CLS) Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) insider Yann L. Etienvre sold 9,181 shares of Celestica stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,170,944.74. Following the transaction, the insider now directly owns 83,179 shares of the company’s stock, valued at approximately $10,608,649.66. This trade represents a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Celestica Trading Up 9.4 %

Shares of CLS opened at $132.19 on Wednesday. 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. The firm’s fifty day moving average is $100.10 and its two-hundred day moving average is $73.34. The stock has a market cap of $15.38 billion, a PE ratio of 35.34 and a beta of 2.27.

Institutional Investors Weigh In On Celestica

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Optimum Investment Advisors boosted its stake in Celestica by 66.7% during the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Truist Financial Corp boosted its stake in Celestica by 2.0% during the 2nd quarter. Truist Financial Corp now owns 11,008 shares of the technology company’s stock worth $631,000 after purchasing an additional 214 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Celestica by 26.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company’s stock worth $67,000 after purchasing an additional 275 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Celestica by 43.6% during the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock worth $88,000 after acquiring an additional 288 shares during the period. Finally, Peregrine Capital Management LLC purchased a new position in shares of Celestica during the 4th quarter worth $30,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group lifted their target price on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a report on Friday, December 20th. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. TD Securities lifted their target price on shares of Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Stifel Nicolaus initiated coverage on shares of Celestica in a report on Tuesday. They set a “buy” rating and a $140.00 target price for the company. Finally, CIBC raised 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 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $103.27.

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.