Robert Mionis Sells 441,325 Shares of Celestica Inc. (NYSE:CLS) Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) CEO Robert Mionis sold 441,325 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $122.28, for a total transaction of $53,965,221.00. Following the transaction, the chief executive officer now directly owns 531,417 shares of the company’s stock, valued at $64,981,670.76. The trade was a 45.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• 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 Trading Up 8.8 %

NYSE:CLS opened at $143.53 on Thursday. The company has a market capitalization of $16.70 billion, a PE ratio of 38.38 and a beta of 2.27. Celestica Inc. has a 52-week low of $35.56 and a 52-week high of $144.27. The stock’s 50 day moving average price is $101.31 and its 200 day moving average price is $73.83. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CLS. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. TD Securities upped their target price on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. CIBC raised shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target for the company in a research report on Friday, January 31st. UBS Group started coverage on Celestica in a report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 target price for the company. Finally, Barclays upped their price target on Celestica from $91.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Celestica has an average rating of “Moderate Buy” and a consensus price target of $103.27.

Institutional Trading of Celestica

Several institutional investors and hedge funds have recently bought and sold shares of CLS. Whale Rock Capital Management LLC increased 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 valued at $432,846,000 after purchasing an additional 975,163 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in Celestica in the 3rd quarter valued at about $61,210,000. Point72 Asset Management L.P. raised its stake in Celestica by 38.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock valued at $55,451,000 after acquiring an additional 301,563 shares during the last quarter. Westfield Capital Management Co. LP lifted its position in Celestica by 25.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 536,249 shares of the technology company’s stock worth $27,413,000 after acquiring an additional 109,972 shares during the period. Finally, Broad Peak Investment Advisers Pte Ltd grew its stake in shares of Celestica by 53.8% in the 3rd quarter. Broad Peak Investment Advisers Pte Ltd now owns 524,245 shares of the technology company’s stock valued at $26,799,000 after purchasing an additional 183,300 shares during the last quarter. Hedge funds and other 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.