Celestica Inc. (NYSE:CLS) Insider Yann L. Etienvre Sells 83,179 Shares

Celestica Inc. (NYSE:CLS) (TSE:CLS) insider Yann L. Etienvre sold 83,179 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.28, for a total transaction of $10,171,128.12. Following the sale, the insider now directly owns 9,224 shares in the company, valued at $1,127,910.72. This represents a 90.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 transaction of $1,170,944.74.

Celestica Stock Performance

Shares of NYSE:CLS opened at $143.53 on Thursday. The business’s 50-day simple moving average is $101.31 and its 200 day simple moving average is $73.83. Celestica Inc. has a one year low of $35.56 and a one 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. The company has a market cap of $16.70 billion, a P/E ratio of 38.38 and a beta of 2.27.

Hedge Funds Weigh In On Celestica

A number of institutional investors have recently added to or reduced their stakes in the company. Optimum Investment Advisors raised its stake in Celestica by 66.7% during the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of Celestica during the third quarter worth $30,000. Peregrine Capital Management LLC acquired a new stake in Celestica during the fourth quarter worth about $30,000. UMB Bank n.a. bought a new stake in shares of Celestica in the 3rd quarter worth approximately $34,000. Finally, Private Trust Co. NA boosted its position in Celestica by 480.0% during the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after purchasing an additional 720 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on CLS shares. BMO Capital Markets increased 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. TD Cowen lifted their price target on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Barclays increased their price objective on shares of Celestica from $91.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. UBS Group assumed coverage on shares of Celestica in a report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 target price for the company. Finally, Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Two 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. According to data from MarketBeat.com, the stock 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.