Celestica Inc. (NYSE:CLS) Insider Sells $1,170,944.74 in Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) insider Yann L. Etienvre sold 9,181 shares of the business’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 $1,170,944.74. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Yann L. Etienvre also recently made the following trade(s):

• On Monday, February 3rd, Yann L. Etienvre sold 83,179 shares of Celestica stock. The stock was sold at an average price of $122.28, for a total value of $10,171,128.12.

Celestica Stock Up 8.8 %

CLS stock opened at $143.53 on Thursday. The company has a market capitalization of $16.70 billion, a P/E ratio of 38.38 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. Celestica Inc. has a twelve month low of $35.56 and a twelve month high of $144.27. The firm has a 50 day simple moving average of $101.31 and a 200-day simple moving average of $73.83.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CLS. Canaccord Genuity Group boosted their price objective on shares of Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. CIBC raised shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target for the company in a research report on Friday, January 31st. BMO Capital Markets raised their price objective on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. TD Cowen upped their target price on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, UBS Group assumed coverage on Celestica in a report on Friday, November 22nd. They set a “neutral” rating and a $95.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $103.27.

Hedge Funds Weigh In On Celestica

Several large investors have recently modified their holdings of CLS. Optimum Investment Advisors increased its holdings in shares of Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in Celestica in the third quarter worth $30,000. Peregrine Capital Management LLC bought a new stake in Celestica during the fourth quarter valued at $30,000. UMB Bank n.a. bought a new position in shares of Celestica in the 3rd quarter worth about $34,000. Finally, Private Trust Co. NA boosted its holdings in shares of Celestica by 480.0% in the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after buying an additional 720 shares during the period. Institutional investors own 67.38% of the company’s stock.

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.