Insider Selling: Celestica Inc. (NYSE:CLS) Insider Sells 9,181 Shares of Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) insider Yann L. Etienvre sold 9,181 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $1,170,944.74. Following the completion of the sale, the insider now directly owns 83,179 shares in the company, valued at $10,608,649.66. This represents a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, February 3rd, Yann L. Etienvre sold 83,179 shares of Celestica stock. The stock was sold at an average price of $122.28, for a total transaction of $10,171,128.12.

Celestica Price Performance

NYSE CLS opened at $143.53 on Thursday. 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 1 year low of $35.56 and a 1 year high of $144.27. The company has a market cap of $16.70 billion, a PE ratio of 38.38 and a beta of 2.27. The stock’s 50-day moving average price is $101.31 and its two-hundred day moving average price is $73.83.

Analysts Set New Price Targets

CLS has been the subject of several recent analyst reports. CIBC upgraded shares of 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. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. TD Securities increased their price target on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. TD Cowen boosted their price objective on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Barclays lifted their target price on Celestica from $91.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Two 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $103.27.

Institutional Investors Weigh In On Celestica

Large investors have recently made changes to their positions in the company. Chase Investment Counsel Corp acquired a new position in Celestica in the 4th quarter worth approximately $660,000. SVB Wealth LLC purchased a new stake in shares of Celestica in the fourth quarter valued at $478,000. Oppenheimer & Co. Inc. boosted its position in shares of Celestica by 42.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 16,450 shares of the technology company’s stock worth $1,518,000 after buying an additional 4,874 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Celestica by 31.4% during the fourth quarter. Bank of New York Mellon Corp now owns 99,347 shares of the technology company’s stock valued at $9,170,000 after buying an additional 23,725 shares in the last quarter. Finally, IFP Advisors Inc raised its position in Celestica by 122.7% during the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock valued at $62,000 after buying an additional 368 shares during the period. Institutional investors and hedge funds 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.