Insider Selling: Celestica Inc. (NYSE:CLS) CEO Sells $6,707,073.52 in Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) CEO Robert Mionis sold 52,588 shares of Celestica stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $6,707,073.52. Following the completion of the sale, the chief executive officer now owns 531,417 shares of the company’s stock, valued at $67,776,924.18. This trade represents a 9.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 stock was sold at an average price of $122.28, for a total value of $53,965,221.00.

Celestica Stock Up 8.8 %

Celestica stock opened at $143.53 on Thursday. The stock has a market cap of $16.70 billion, a PE ratio of 38.38 and a beta of 2.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The stock’s fifty day moving average is $101.31 and its two-hundred day moving average is $73.83. Celestica Inc. has a 1-year low of $35.56 and a 1-year high of $144.27.

Institutional Investors Weigh In On Celestica

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Optimum Investment Advisors increased its stake in Celestica by 66.7% in the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in shares of Celestica in the 3rd quarter valued at $30,000. Peregrine Capital Management LLC purchased a new position in shares of Celestica in the 4th quarter valued at $30,000. UMB Bank n.a. acquired a new stake in Celestica during the 3rd quarter worth $34,000. Finally, Private Trust Co. NA lifted its position in Celestica by 480.0% in the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after acquiring an additional 720 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CLS shares. TD Securities increased their target price on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. UBS Group started coverage on shares of Celestica in a research note on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price objective for the company. TD Cowen upped their target price on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Stifel Nicolaus initiated coverage on shares of Celestica in a research report on Tuesday. They issued a “buy” rating and a $140.00 price target for the company. Finally, BMO Capital Markets boosted their price target on shares of 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 assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average 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.