Celestica Inc. (NYSE:CLS) CEO Robert Mionis Sells 75,000 Shares

Celestica Inc. (NYSE:CLS) (TSE:CLS) CEO Robert Mionis sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $141.29, for a total transaction of $10,596,750.00. Following the transaction, the chief executive officer now owns 456,417 shares of the company’s stock, valued at approximately $64,487,157.93. The trade was a 14.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Robert Mionis also recently made the following trade(s):

• On Monday, February 3rd, Robert Mionis sold 441,325 shares of Celestica stock. The shares were sold at an average price of $122.28, for a total transaction of $53,965,221.00.
• On Friday, January 31st, Robert Mionis sold 52,588 shares of Celestica stock. The stock was sold at an average price of $127.54, for a total value of $6,707,073.52.

Celestica Trading Down 7.2 %

Shares of CLS opened at $133.27 on Friday. Celestica Inc. has a 12-month low of $36.00 and a 12-month high of $144.27. The firm has a 50-day moving average price of $101.31 and a 200 day moving average price of $73.83. The firm has a market capitalization of $15.51 billion, a P/E ratio of 35.63 and a beta of 2.27. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

Institutional Investors Weigh In On Celestica

A number of hedge funds have recently added to or reduced their stakes in the business. Peregrine Capital Management LLC purchased a new stake in Celestica during the 4th quarter valued at approximately $30,000. Optimum Investment Advisors grew its position in shares of Celestica by 66.7% during the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after buying an additional 200 shares in the last quarter. R Squared Ltd acquired a new position in Celestica in the fourth quarter valued at approximately $51,000. Financial Management Professionals Inc. acquired a new position in shares of Celestica during the third quarter worth approximately $30,000. Finally, UMB Bank n.a. bought a new stake in shares of Celestica in the 3rd quarter worth approximately $34,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CLS shares. CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target on the stock in a research report on Friday, January 31st. Barclays raised their price target on shares of Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. UBS Group started coverage on Celestica in a research report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 target price on the stock. TD Cowen upped their price target on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, BMO Capital Markets upped their target price on shares of Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.27.

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.