Mandeep Chawla Sells 90,771 Shares of Celestica Inc. (NYSE:CLS) Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) CFO Mandeep Chawla sold 90,771 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.28, for a total value of $11,099,477.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Mandeep Chawla also recently made the following trade(s):

• On Friday, January 31st, Mandeep Chawla sold 9,483 shares of Celestica stock. The stock was sold at an average price of $127.54, for a total value of $1,209,461.82.

Celestica Stock Up 8.8 %

NYSE CLS traded up $11.55 during trading on Wednesday, reaching $143.53. 8,448,756 shares of the company’s stock were exchanged, compared to its average volume of 5,105,531. The stock has a market cap of $16.70 billion, a P/E ratio of 38.38 and a beta of 2.27. 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 50 day moving average price of $100.10 and a two-hundred day moving average price of $73.34. Celestica Inc. has a 1 year low of $35.56 and a 1 year high of $144.27.

Institutional Trading of Celestica

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

Analysts Set New Price Targets

Several research firms have recently commented on CLS. CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target for the company in a research report on Friday, January 31st. BMO Capital Markets raised their price target on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Stifel Nicolaus initiated coverage on Celestica in a research report on Tuesday. They set a “buy” rating and a $140.00 price target for the company. UBS Group initiated coverage on Celestica in a report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 target price for the company. Finally, TD Securities lifted their target price on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Celestica has a consensus rating of “Moderate Buy” and a consensus target price of $103.27.

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.