Todd C. Cooper Sells 91,490 Shares of Celestica Inc. (NYSE:CLS) Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) President Todd C. Cooper sold 91,490 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 value of $11,187,397.20. Following the completion of the transaction, the president now directly owns 175,426 shares of the company’s stock, valued at $21,451,091.28. This trade represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Celestica Trading Up 8.8 %

Shares of CLS opened at $143.53 on Thursday. The business’s 50-day moving average price is $101.31 and its 200 day moving average price is $73.83. 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 stock has a market capitalization of $16.70 billion, a P/E ratio of 38.38 and a beta of 2.27. Celestica Inc. has a 1-year low of $35.56 and a 1-year high of $144.27.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Peregrine Capital Management LLC acquired a new position in Celestica in the 4th quarter worth approximately $30,000. Optimum Investment Advisors raised its position in Celestica by 66.7% during the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after buying an additional 200 shares during the period. R Squared Ltd acquired a new position in shares of Celestica in the 4th quarter valued at about $51,000. Financial Management Professionals Inc. purchased a new stake in shares of Celestica in the third quarter worth approximately $30,000. Finally, UMB Bank n.a. acquired a new stake in shares of Celestica during the third quarter worth approximately $34,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on CLS shares. Barclays raised their price target on Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Stifel Nicolaus started coverage on shares of Celestica in a research report on Tuesday. They set a “buy” rating and a $140.00 price target on the stock. BMO Capital Markets increased their price objective on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. Finally, UBS Group began coverage on Celestica in a research note on Friday, November 22nd. They set a “neutral” rating and a $95.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.