Todd C. Cooper Sells 65,000 Shares of Celestica Inc. (NYSE:CLS) Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) President Todd C. Cooper sold 65,000 shares of Celestica stock in a transaction on Friday, February 7th. The shares were sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the completion of the transaction, the president now directly owns 110,426 shares of the company’s stock, valued at $14,331,086.28. The trade was a 37.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Celestica Price Performance

Shares of CLS stock opened at $126.62 on Wednesday. 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 company has a market capitalization of $14.73 billion, a PE ratio of 33.86 and a beta of 2.27. The firm’s 50-day moving average is $104.85 and its two-hundred day moving average is $76.10. Celestica Inc. has a 12 month low of $36.00 and a 12 month high of $144.27.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. UBS Group began coverage on Celestica in a report on Friday, November 22nd. They set a “neutral” rating and a $95.00 target price for the company. TD Cowen increased their price objective on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Stifel Nicolaus initiated coverage on shares of Celestica in a research note on Tuesday, February 4th. They set a “buy” rating and a $140.00 target price on the stock. Finally, Barclays increased their target price on shares of Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.27.

Institutional Trading of Celestica

Several institutional investors have recently added to or reduced their stakes in the stock. Creative Planning lifted its position in shares of Celestica by 4.7% during the second quarter. Creative Planning now owns 7,526 shares of the technology company’s stock worth $431,000 after purchasing an additional 336 shares in the last quarter. Truist Financial Corp boosted 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 buying an additional 214 shares during the period. Cetera Investment Advisers grew its stake in shares of Celestica by 119.5% in the second quarter. Cetera Investment Advisers now owns 26,271 shares of the technology company’s stock worth $1,504,000 after acquiring an additional 14,305 shares in the last quarter. UMB Bank n.a. acquired a new position in shares of Celestica in the third quarter worth $34,000. Finally, Oliver Luxxe Assets LLC purchased a new stake in shares of Celestica during the third quarter worth $4,566,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

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.