Yann L. Etienvre Sells 83,179 Shares of Celestica Inc. (NYSE:CLS) Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) insider Yann L. Etienvre sold 83,179 shares of Celestica stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.28, for a total transaction of $10,171,128.12. Following the completion of the sale, the insider now directly owns 9,224 shares in the company, valued at approximately $1,127,910.72. This represents a 90.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Friday, January 31st, Yann L. Etienvre sold 9,181 shares of Celestica stock. The stock was sold at an average price of $127.54, for a total transaction of $1,170,944.74.

Celestica Stock Performance

Celestica stock opened at $133.27 on Friday. Celestica Inc. has a 1-year low of $36.00 and a 1-year high of $144.27. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $15.51 billion, a PE ratio of 35.63 and a beta of 2.27. The firm’s 50 day simple moving average is $101.31 and its 200 day simple moving average is $73.83.

Wall Street Analysts Forecast Growth

CLS has been the topic of several research analyst reports. Stifel Nicolaus assumed coverage on Celestica in a research note on Tuesday. They issued a “buy” rating and a $140.00 price objective on the stock. BMO Capital Markets increased their price target on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Barclays boosted their price objective on Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. 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. 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 research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Celestica presently has an average rating of “Moderate Buy” and a consensus target price of $103.27.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Creative Planning boosted its stake in Celestica by 4.7% during the second quarter. Creative Planning now owns 7,526 shares of the technology company’s stock valued at $431,000 after buying an additional 336 shares during the period. Truist Financial Corp boosted its position in shares of Celestica by 2.0% during the 2nd quarter. Truist Financial Corp now owns 11,008 shares of the technology company’s stock valued at $631,000 after acquiring an additional 214 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Celestica by 119.5% during the 2nd quarter. Cetera Investment Advisers now owns 26,271 shares of the technology company’s stock valued at $1,504,000 after acquiring an additional 14,305 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Celestica during the second quarter worth about $2,140,000. Finally, Park Avenue Securities LLC bought a new position in shares of Celestica in the third quarter worth approximately $734,000. 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.