Celestica (NYSE:CLS) Trading Up 3.1% – What’s Next?

Celestica Inc. (NYSE:CLS) (TSE:CLS) shares traded up 3.1% on Tuesday . The company traded as high as $85.32 and last traded at $83.38. 1,609,618 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 3,054,768 shares. The stock had previously closed at $80.88.

Analyst Ratings Changes

CLS has been the subject of a number of analyst reports. Royal Bank of Canada upped their price target on Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Stifel Nicolaus upped their price objective on shares of Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Canaccord Genuity Group boosted their price target on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. decreased their price target on Celestica from $166.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Two investment 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, the company has a consensus rating of “Moderate Buy” and an average target price of $103.25.

Celestica Stock Down 1.5 %

The firm has a 50-day simple moving average of $95.46 and a 200 day simple moving average of $90.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The company has a market capitalization of $9.20 billion, a PE ratio of 21.17 and a beta of 2.09.

Insider Transactions at Celestica

In other Celestica news, CEO Robert Mionis sold 75,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $141.29, for a total transaction of $10,596,750.00. Following the completion of the transaction, the chief executive officer now directly owns 456,417 shares of the company’s stock, valued at $64,487,157.93. This trade represents a 14.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Todd C. Cooper sold 65,000 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the transaction, the president now directly owns 110,426 shares in the company, valued at $14,331,086.28. The trade was a 37.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 934,381 shares of company stock valued at $116,673,769. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Celestica

Hedge funds have recently bought and sold shares of the company. Independent Advisor Alliance grew its holdings in Celestica by 0.3% in the 4th quarter. Independent Advisor Alliance now owns 29,588 shares of the technology company’s stock worth $2,731,000 after buying an additional 79 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Celestica by 4.6% during the fourth quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company’s stock valued at $188,000 after purchasing an additional 89 shares during the period. CoreCap Advisors LLC lifted its holdings in Celestica by 5.4% in the fourth quarter. CoreCap Advisors LLC now owns 1,760 shares of the technology company’s stock worth $162,000 after purchasing an additional 90 shares during the period. Pinpoint Asset Management Ltd grew its position in Celestica by 109.6% in the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock valued at $32,000 after buying an additional 182 shares in the last quarter. Finally, Bay Rivers Group increased its stake in Celestica by 1.1% during the 1st quarter. Bay Rivers Group now owns 19,494 shares of the technology company’s stock valued at $1,536,000 after buying an additional 215 shares during the period. 67.38% of the stock is currently owned by institutional investors.

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.