Celestica Inc. (NYSE:CLS) CFO Sells $11,099,477.88 in Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) CFO Mandeep Chawla sold 90,771 shares of the company’s stock in a transaction that occurred on 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 filing with the SEC, 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 shares were sold at an average price of $127.54, for a total value of $1,209,461.82.

Celestica Trading Down 2.6 %

NYSE CLS opened at $129.74 on Friday. Celestica Inc. has a 12 month low of $36.00 and a 12 month high of $144.27. The stock has a market cap of $15.10 billion, a P/E ratio of 34.69 and a beta of 2.27. The stock’s fifty day moving average price is $102.31 and its 200-day moving average price is $74.25. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

Institutional Investors Weigh In On Celestica

Institutional investors have recently modified their holdings of the stock. Cornerstone Wealth Management LLC purchased a new stake in shares of Celestica in the fourth quarter worth $385,000. Quantbot Technologies LP boosted its position in shares of Celestica by 120.9% during the third quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company’s stock valued at $5,299,000 after buying an additional 56,732 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Celestica during the third quarter valued at $61,210,000. Sigma Planning Corp purchased a new stake in shares of Celestica during the third quarter valued at $420,000. Finally, Advisors Asset Management Inc. boosted its position in shares of Celestica by 61.9% during the third quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company’s stock valued at $1,682,000 after buying an additional 12,584 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CLS. CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price for the company in a report on Friday, January 31st. TD Cowen increased their price objective on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Canaccord Genuity Group increased their price objective on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, December 20th. BMO Capital Markets increased their price objective on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada increased their price objective on Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.27.

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.