Celestica Inc. (NYSE:CLS) CEO Sells $6,707,073.52 in Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) CEO Robert Mionis sold 52,588 shares of the 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 $6,707,073.52. Following the completion of the sale, the chief executive officer now directly owns 531,417 shares in the company, valued at approximately $67,776,924.18. This represents a 9.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Celestica Stock Performance

Shares of CLS stock opened at $120.96 on Tuesday. Celestica Inc. has a one year low of $35.56 and a one 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 company has a 50 day moving average price of $99.19 and a 200 day moving average price of $72.81. The firm has a market capitalization of $14.07 billion, a price-to-earnings ratio of 32.34 and a beta of 2.25.

Hedge Funds Weigh In On Celestica

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning increased its position in shares of Celestica by 4.7% in the second quarter. Creative Planning now owns 7,526 shares of the technology company’s stock worth $431,000 after acquiring an additional 336 shares in the last quarter. Truist Financial Corp boosted its stake in shares of Celestica by 2.0% in the second quarter. Truist Financial Corp now owns 11,008 shares of the technology company’s stock valued at $631,000 after purchasing an additional 214 shares during the period. Cetera Investment Advisers boosted its stake in Celestica by 119.5% during the 2nd quarter. Cetera Investment Advisers now owns 26,271 shares of the technology company’s stock valued at $1,504,000 after acquiring an additional 14,305 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Celestica during the 2nd quarter valued at $2,140,000. Finally, Park Avenue Securities LLC bought a new position in Celestica during the 3rd quarter valued at $734,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CLS. Canaccord Genuity Group increased their target price on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday. BMO Capital Markets raised their target price on shares of Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. CIBC upgraded shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective for the company in a research note on Friday. Finally, UBS Group assumed coverage on shares of Celestica in a research note on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price objective for the company. 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.64.

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.