Celestica Inc. (NYSE:CLS) Insider Alok K. Agrawal Sells 6,826 Shares

Celestica Inc. (NYSE:CLS) (TSE:CLS) insider Alok K. Agrawal sold 6,826 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total value of $914,137.92. Following the completion of the sale, the insider now owns 9,224 shares in the company, valued at approximately $1,235,278.08. The trade was a 42.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Celestica Stock Performance

Shares of CLS stock opened at $133.27 on Friday. The stock’s 50-day moving average is $101.31 and its two-hundred day moving average is $73.83. The firm has a market cap of $15.51 billion, a price-to-earnings ratio of 35.63 and a beta of 2.27. Celestica Inc. has a 1 year low of $36.00 and a 1 year high of $144.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47.

Hedge Funds Weigh In On Celestica

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Whale Rock Capital Management LLC grew its holdings in shares of Celestica by 13.0% during the third quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock worth $432,846,000 after buying an additional 975,163 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Celestica during the third quarter worth about $61,210,000. Point72 Asset Management L.P. grew its holdings in shares of 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 buying an additional 301,563 shares during the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of Celestica by 25.8% during the third quarter. Westfield Capital Management Co. LP now owns 536,249 shares of the technology company’s stock worth $27,413,000 after buying an additional 109,972 shares during the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd grew its holdings in shares of Celestica by 53.8% during the third 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. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. TD Securities increased their price objective on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. TD Cowen increased their target price on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Stifel Nicolaus began coverage on Celestica in a report on Tuesday. They issued a “buy” rating and a $140.00 target price on the stock. Barclays increased their target price on Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, BMO Capital Markets increased their target price on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Two investment 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.