Todd C. Cooper Sells 9,538 Shares of Celestica Inc. (NYSE:CLS) Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) President Todd C. Cooper sold 9,538 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $1,216,476.52. Following the completion of the sale, the president now directly owns 175,426 shares in the company, valued at approximately $22,373,832.04. This represents a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Celestica Trading Down 2.0 %

CLS traded down $2.51 during midday trading on Monday, hitting $120.96. The company’s stock had a trading volume of 8,340,130 shares, compared to its average volume of 4,932,656. The firm has a 50-day moving average price of $99.19 and a two-hundred day moving average price of $72.81. The firm has a market cap of $14.07 billion, a P/E ratio of 32.34 and a beta of 2.25. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 52-week low of $35.56 and a 52-week high of $133.66.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada increased their target price on shares of Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday. Barclays increased their target price on shares of Celestica from $91.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday. TD Securities raised their target price on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Finally, UBS Group started coverage on shares of Celestica in a report on Friday, November 22nd. They set a “neutral” rating and a $95.00 target price for the company. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $99.64.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. purchased a new stake in Celestica during the 3rd quarter worth approximately $61,210,000. Whale Rock Capital Management LLC boosted its holdings in Celestica by 13.0% during the third quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock worth $432,846,000 after buying an additional 975,163 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Celestica by 38.5% in 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 purchasing an additional 301,563 shares during the period. Natixis Advisors LLC increased its stake in shares of Celestica by 1,697.3% in the third quarter. Natixis Advisors LLC now owns 233,485 shares of the technology company’s stock worth $11,936,000 after acquiring an additional 220,494 shares during the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd raised its holdings in Celestica by 53.8% during the third quarter. Broad Peak Investment Advisers Pte Ltd now owns 524,245 shares of the technology company’s stock valued at $26,799,000 after buying an additional 183,300 shares in the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

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.