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 Celestica stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $122.28, for a total value of $11,099,477.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 Trading Up 8.8 %

Celestica stock opened at $143.53 on Thursday. Celestica Inc. has a 12-month low of $35.56 and a 12-month high of $144.27. The stock has a market capitalization of $16.70 billion, a PE ratio of 38.38 and a beta of 2.27. The firm has a 50 day simple moving average of $101.31 and a 200-day simple moving average of $73.83. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Institutional Trading of Celestica

A number of hedge funds have recently made changes to their positions in CLS. Optimum Investment Advisors increased its stake in Celestica by 66.7% during the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after acquiring an additional 200 shares during the period. Financial Management Professionals Inc. acquired a new stake in Celestica in the 3rd quarter valued at about $30,000. Peregrine Capital Management LLC bought a new stake in shares of Celestica during the fourth quarter worth $30,000. UMB Bank n.a. acquired a new position in Celestica in the third quarter valued at approximately $34,000. Finally, Private Trust Co. NA lifted its stake in Celestica by 480.0% in the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after buying an additional 720 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on CLS shares. Barclays increased their target price on shares of Celestica from $91.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. TD Cowen upped their target price on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Stifel Nicolaus began coverage on Celestica in a research note on Tuesday. They set a “buy” rating and a $140.00 price target on the stock. Finally, Canaccord Genuity Group increased their target price on shares of Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Two 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.