Celestica Inc. (NYSE:CLS) Insider Sells $10,171,128.12 in Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) insider Yann L. Etienvre sold 83,179 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.28, for a total value of $10,171,128.12. Following the completion of the sale, the insider now owns 9,224 shares of the company’s stock, valued at $1,127,910.72. The trade was a 90.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, January 31st, Yann L. Etienvre sold 9,181 shares of Celestica stock. The shares were sold at an average price of $127.54, for a total value of $1,170,944.74.

Celestica Stock Down 2.6 %

CLS opened at $129.74 on Friday. The firm has a market cap of $15.10 billion, a P/E ratio of 34.69 and a beta of 2.27. 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 business has a 50 day moving average price of $102.31 and a 200 day moving average price of $74.25. Celestica Inc. has a twelve month low of $36.00 and a twelve month high of $144.27.

Institutional Trading of Celestica

A number of institutional investors and hedge funds have recently modified their holdings of the company. Cornerstone Wealth Management LLC bought a new position in Celestica in the 4th quarter worth $385,000. Quantbot Technologies LP grew its position in shares of Celestica by 120.9% in the third quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company’s stock valued at $5,299,000 after purchasing an additional 56,732 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Celestica in the third quarter worth about $61,210,000. Sigma Planning Corp bought a new position in shares of Celestica in the third quarter worth about $420,000. Finally, Advisors Asset Management Inc. lifted its position in shares of Celestica by 61.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company’s stock worth $1,682,000 after purchasing an additional 12,584 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Barclays upped their price objective on shares of Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. UBS Group initiated coverage on shares of Celestica in a research report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 target price for the company. Stifel Nicolaus initiated coverage on shares of Celestica in a report on Tuesday. They set a “buy” rating and a $140.00 price target on the stock. Finally, TD Cowen increased their price objective on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Celestica presently has a consensus 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.