Celestica Inc. (NYSE:CLS) CEO Sells $10,596,750.00 in Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) CEO Robert Mionis sold 75,000 shares of Celestica stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $141.29, for a total value of $10,596,750.00. Following the completion of the sale, the chief executive officer now directly owns 456,417 shares in the company, valued at $64,487,157.93. This trade represents a 14.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Robert Mionis also recently made the following trade(s):

• On Monday, February 3rd, Robert Mionis sold 441,325 shares of Celestica stock. The stock was sold at an average price of $122.28, for a total value of $53,965,221.00.
• On Friday, January 31st, Robert Mionis sold 52,588 shares of Celestica stock. The stock was sold at an average price of $127.54, for a total value of $6,707,073.52.

Celestica Stock Down 7.2 %

NYSE:CLS traded down $10.40 during trading hours on Thursday, reaching $133.27. The company’s stock had a trading volume of 9,259,604 shares, compared to its average volume of 5,280,794. The company has a market capitalization of $15.51 billion, a P/E ratio of 35.63 and a beta of 2.27. Celestica Inc. has a 12 month low of $36.00 and a 12 month high of $144.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The stock has a 50 day moving average price of $101.31 and a two-hundred day moving average price of $73.83.

Analyst Ratings Changes

Several research analysts have issued reports on the company. TD Securities boosted their target price on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price for the company in a research report on Friday, January 31st. TD Cowen boosted their target price on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Finally, Stifel Nicolaus assumed coverage on Celestica in a research report on Tuesday. They set a “buy” rating and a $140.00 target price for the company. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Celestica presently has a consensus rating of “Moderate Buy” and an average price target of $103.27.

Hedge Funds Weigh In On Celestica

A number of large investors have recently bought and sold shares of CLS. Vaughan Nelson Investment Management L.P. bought a new position in Celestica in the third quarter worth approximately $61,210,000. Whale Rock Capital Management LLC raised 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 worth $432,846,000 after buying an additional 975,163 shares in the last quarter. Raymond James Financial Inc. bought a new position in Celestica in the fourth quarter worth approximately $47,685,000. Point72 Asset Management L.P. raised its stake in Celestica by 38.5% in the third quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock worth $55,451,000 after buying an additional 301,563 shares in the last quarter. Finally, Natixis Advisors LLC raised its stake in 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 buying an additional 220,494 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

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.