Insider Selling: Celestica Inc. (NYSE:CLS) CFO Sells $1,209,461.82 in Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) CFO Mandeep Chawla sold 9,483 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,209,461.82. Following the sale, the chief financial officer now owns 90,771 shares of the company’s stock, valued at $11,576,933.34. This represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, February 3rd, Mandeep Chawla sold 90,771 shares of Celestica stock. The shares were sold at an average price of $122.28, for a total transaction of $11,099,477.88.

Celestica Price Performance

Shares of CLS opened at $143.53 on Thursday. Celestica Inc. has a fifty-two week low of $35.56 and a fifty-two week high of $144.27. The firm’s 50-day simple moving average is $101.31 and its two-hundred day simple moving average is $73.83. The stock has a market cap of $16.70 billion, a PE 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.

Analyst Ratings Changes

CLS has been the topic of a number of research analyst reports. Stifel Nicolaus started coverage on Celestica in a report on Tuesday. They set a “buy” rating and a $140.00 price target on the stock. TD Cowen boosted their target price on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. 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 note on Thursday, October 24th. Canaccord Genuity Group upped their price objective on shares of Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Finally, Barclays lifted their target price on shares of Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Celestica has a consensus rating of “Moderate Buy” and an average target price of $103.27.

Institutional Trading of Celestica

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Peregrine Capital Management LLC bought a new stake in Celestica in the fourth quarter worth $30,000. Optimum Investment Advisors raised its position in shares of Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. R Squared Ltd bought a new position in Celestica in the 4th quarter worth about $51,000. Financial Management Professionals Inc. purchased a new stake in Celestica during the 3rd quarter valued at about $30,000. Finally, UMB Bank n.a. bought a new stake in Celestica during the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

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.