Mandeep Chawla Sells 90,771 Shares of Celestica Inc. (NYSE:CLS) Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) CFO Mandeep Chawla sold 90,771 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was 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 Securities & Exchange Commission, 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 stock was sold at an average price of $127.54, for a total transaction of $1,209,461.82.

Celestica Stock Up 8.8 %

NYSE CLS traded up $11.55 during midday trading on Wednesday, hitting $143.53. 8,448,756 shares of the company traded hands, compared to its average volume of 5,105,531. Celestica Inc. has a 52 week low of $35.56 and a 52 week high of $144.27. The company’s 50-day simple moving average is $100.10 and its 200-day simple moving average is $73.34. The company has a market cap of $16.70 billion, a PE ratio of 38.38 and a beta of 2.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Institutional Investors Weigh In On Celestica

A number of institutional investors have recently added to or reduced their stakes in the stock. Whale Rock Capital Management LLC lifted its position in shares of Celestica by 13.0% during 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 buying an additional 975,163 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Celestica during the 3rd quarter worth approximately $61,210,000. Point72 Asset Management L.P. lifted its position in Celestica by 38.5% during the third 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 boosted its stake in Celestica by 25.8% in the third quarter. Westfield Capital Management Co. LP now owns 536,249 shares of the technology company’s stock valued at $27,413,000 after acquiring an additional 109,972 shares in the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd increased its position in shares of Celestica by 53.8% during the third quarter. Broad Peak Investment Advisers Pte Ltd now owns 524,245 shares of the technology company’s stock worth $26,799,000 after purchasing an additional 183,300 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CLS. Royal Bank of Canada upped their target price on Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Canaccord Genuity Group increased their target price on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. UBS Group began coverage on shares of Celestica in a research note on Friday, November 22nd. They set a “neutral” rating and a $95.00 target price for the company. TD Cowen raised their price target on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Barclays boosted their price objective on shares of Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $103.27.

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.