Celestica Inc. (NYSE:CLS) President Todd C. Cooper Sells 91,490 Shares

Celestica Inc. (NYSE:CLS) (TSE:CLS) President Todd C. Cooper sold 91,490 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $122.28, for a total value of $11,187,397.20. Following the transaction, the president now owns 175,426 shares of the company’s stock, valued at approximately $21,451,091.28. This represents a 34.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Celestica Trading Down 7.2 %

NYSE CLS opened at $133.27 on Friday. The stock’s fifty day moving average price is $101.31 and its 200-day moving average price is $73.83. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The stock has a market cap of $15.51 billion, a P/E ratio of 35.63 and a beta of 2.27. Celestica Inc. has a 12 month low of $36.00 and a 12 month high of $144.27.

Wall Street Analyst Weigh In

Several research analysts have commented on CLS shares. Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. TD Cowen raised their price objective on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. TD Securities upped their target price on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price for the company in a research note on Friday, January 31st. Finally, Canaccord Genuity Group upped their price target on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Celestica presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.27.

Institutional Trading of Celestica

Institutional investors and hedge funds have recently bought and sold shares of the company. Creative Planning lifted its stake in shares of Celestica by 4.7% in the second quarter. Creative Planning now owns 7,526 shares of the technology company’s stock worth $431,000 after buying an additional 336 shares in the last quarter. Truist Financial Corp lifted its position in Celestica by 2.0% in the 2nd quarter. Truist Financial Corp now owns 11,008 shares of the technology company’s stock valued at $631,000 after acquiring an additional 214 shares in the last quarter. Cetera Investment Advisers boosted its stake in Celestica by 119.5% during the 2nd quarter. Cetera Investment Advisers now owns 26,271 shares of the technology company’s stock valued at $1,504,000 after purchasing an additional 14,305 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Celestica in the 2nd quarter worth $2,140,000. Finally, Park Avenue Securities LLC purchased a new position in shares of Celestica in the third quarter worth $734,000. 67.38% of the stock is currently owned by institutional investors.

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.