Insider Selling: Celestica Inc. (NYSE:CLS) CEO Sells 75,000 Shares of Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) CEO Robert Mionis sold 75,000 shares of the business’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 value of $10,596,750.00. Following the completion of the sale, the chief executive officer now directly owns 456,417 shares in the company, valued at approximately $64,487,157.93. This represents a 14.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 value of $53,965,221.00.
• On Friday, January 31st, Robert Mionis sold 52,588 shares of Celestica stock. The shares were sold at an average price of $127.54, for a total value of $6,707,073.52.

Celestica Stock Performance

Celestica stock traded down $10.40 during trading on Thursday, reaching $133.27. The company had a trading volume of 9,259,604 shares, compared to its average volume of 5,280,794. Celestica Inc. has a 52 week low of $36.00 and a 52 week high of $144.27. The firm’s 50-day simple moving average is $101.31 and its 200 day simple moving average is $73.83. The firm has a market capitalization of $15.51 billion, a price-to-earnings 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.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CLS. Royal Bank of Canada upped their price objective on Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Barclays upped their price objective on Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. TD Cowen upped their price objective on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Canaccord Genuity Group upped their price objective on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, BMO Capital Markets raised their price target on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Celestica has an average rating of “Moderate Buy” and a consensus target price of $103.27.

Hedge Funds Weigh In On Celestica

A number of institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp raised its holdings in Celestica by 4.6% in the 4th quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company’s stock worth $188,000 after purchasing an additional 89 shares during the period. Optimum Investment Advisors raised its holdings in Celestica by 66.7% in 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 period. Truist Financial Corp raised its holdings in Celestica by 2.0% in 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 period. Whittier Trust Co. of Nevada Inc. raised its holdings in Celestica by 26.6% in 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 period. Finally, UMB Bank n.a. raised its holdings in Celestica by 43.6% during the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock valued at $88,000 after acquiring an additional 288 shares during the period. 67.38% of the stock is owned by institutional investors.

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.