Celestica Inc. (NYSE:CLS) Insider Yann L. Etienvre Sells 83,179 Shares

Celestica Inc. (NYSE:CLS) (TSE:CLS) insider Yann L. Etienvre sold 83,179 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.28, for a total value of $10,171,128.12. Following the sale, the insider now directly owns 9,224 shares in the company, valued at $1,127,910.72. This trade represents a 90.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Yann L. Etienvre also recently made the following trade(s):

• On Friday, January 31st, Yann L. Etienvre sold 9,181 shares of Celestica stock. The shares were sold at an average price of $127.54, for a total value of $1,170,944.74.

Celestica Stock Up 8.8 %

Shares of NYSE CLS traded up $11.55 on Wednesday, hitting $143.53. The company had a trading volume of 8,448,756 shares, compared to its average volume of 5,105,531. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 12-month low of $35.56 and a 12-month high of $144.27. The business has a 50 day moving average of $100.10 and a two-hundred day moving average of $73.34. The firm has a market capitalization of $16.70 billion, a P/E ratio of 38.38 and a beta of 2.27.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Peregrine Capital Management LLC acquired a new position in shares of Celestica in the fourth quarter worth about $30,000. Optimum Investment Advisors lifted its stake in shares of Celestica by 66.7% in the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. R Squared Ltd acquired a new position in shares of Celestica in the fourth quarter worth about $51,000. Financial Management Professionals Inc. acquired a new position in shares of Celestica in the third quarter worth about $30,000. Finally, UMB Bank n.a. acquired a new position in shares of Celestica in the third quarter worth about $34,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CLS. Barclays lifted their target price on Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. UBS Group initiated coverage on Celestica in a research report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price objective for the company. BMO Capital Markets lifted their price objective on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Stifel Nicolaus began coverage on Celestica in a research report on Tuesday. They issued a “buy” rating and a $140.00 price objective for the company. Finally, CIBC raised 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. Two equities research 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.