Celestica Inc. (NYSE:CLS) CEO Robert Mionis Sells 441,325 Shares

Celestica Inc. (NYSE:CLS) (TSE:CLS) CEO Robert Mionis sold 441,325 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $122.28, for a total transaction of $53,965,221.00. Following the sale, the chief executive officer now directly owns 531,417 shares of the company’s stock, valued at approximately $64,981,670.76. The trade was a 45.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 transaction of $6,707,073.52.

Celestica Price Performance

Celestica stock opened at $143.53 on Thursday. The company has a fifty day simple moving average of $101.31 and a 200-day simple moving average of $73.83. The firm has a market capitalization of $16.70 billion, a price-to-earnings ratio of 38.38 and a beta of 2.27. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 52-week low of $35.56 and a 52-week high of $144.27.

Analysts Set New Price Targets

Several brokerages have recently commented on CLS. Royal Bank of Canada increased their price objective on Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, January 31st. 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 note on Friday, January 31st. 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 price objective for the company. BMO Capital Markets boosted their target price on shares of Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Stifel Nicolaus began coverage on shares of Celestica in a research note on Tuesday. They set a “buy” rating and a $140.00 price objective for the company. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $103.27.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Whale Rock Capital Management LLC grew its holdings in Celestica by 13.0% in the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock valued at $432,846,000 after buying an additional 975,163 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Celestica during the third quarter worth about $61,210,000. Point72 Asset Management L.P. raised its stake in Celestica by 38.5% during the third quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock worth $55,451,000 after purchasing an additional 301,563 shares during the period. Westfield Capital Management Co. LP grew its stake in shares of Celestica by 25.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 536,249 shares of the technology company’s stock valued at $27,413,000 after buying an additional 109,972 shares during the period. Finally, Broad Peak Investment Advisers Pte Ltd increased its holdings in shares of Celestica by 53.8% during the 3rd quarter. Broad Peak Investment Advisers Pte Ltd now owns 524,245 shares of the technology company’s stock worth $26,799,000 after buying an additional 183,300 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

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.