Alok K. Agrawal Sells 6,826 Shares of Celestica Inc. (NYSE:CLS) Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) insider Alok K. Agrawal sold 6,826 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total transaction of $914,137.92. Following the transaction, the insider now owns 9,224 shares of the company’s stock, valued at $1,235,278.08. This trade represents a 42.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Celestica Stock Up 8.8 %

Shares of NYSE CLS traded up $11.55 during trading on Wednesday, hitting $143.53. The stock had a trading volume of 8,448,756 shares, compared to its average volume of 5,105,531. Celestica Inc. has a 12 month low of $35.56 and a 12 month high of $144.27. 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 firm has a fifty day moving average of $100.10 and a two-hundred day moving average of $73.34. The company has a market capitalization of $16.70 billion, a PE ratio of 38.38 and a beta of 2.27.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. BMO Capital Markets upped their target price on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Stifel Nicolaus began coverage on shares of Celestica in a research report on Tuesday. They set a “buy” rating and a $140.00 price objective for the company. 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 on the stock. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Finally, Royal Bank of Canada increased their price objective on shares of Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $103.27.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CLS. Whale Rock Capital Management LLC lifted its stake in Celestica by 13.0% in the third quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock valued at $432,846,000 after purchasing an additional 975,163 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Celestica during the 3rd quarter valued at $61,210,000. Point72 Asset Management L.P. grew its stake in shares of Celestica by 38.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock worth $55,451,000 after acquiring an additional 301,563 shares during the period. Westfield Capital Management Co. LP increased its holdings in Celestica by 25.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 536,249 shares of the technology company’s stock worth $27,413,000 after acquiring an additional 109,972 shares during the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd raised its stake in Celestica by 53.8% in the 3rd quarter. Broad Peak Investment Advisers Pte Ltd now owns 524,245 shares of the technology company’s stock valued at $26,799,000 after acquiring an additional 183,300 shares during the period. 67.38% of the stock is owned by institutional investors.

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.