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 shares were sold at an average price of $122.28, for a total value of $10,171,128.12. Following the completion of the transaction, the insider now owns 9,224 shares in the company, valued at $1,127,910.72. This trade represents a 90.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 value of $1,170,944.74.

Celestica Price Performance

NYSE CLS traded up $11.55 during mid-day trading on Wednesday, hitting $143.53. The stock had a trading volume of 8,448,756 shares, compared to its average volume of 5,105,531. The firm’s 50 day moving average is $100.10 and its 200 day moving average is $73.34. Celestica Inc. has a twelve month low of $35.56 and a twelve month high of $144.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The stock has a market capitalization of $16.70 billion, a price-to-earnings ratio of 38.38 and a beta of 2.27.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CLS. CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target on the stock in a research note on Friday, January 31st. TD Cowen upped their target price on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. TD Securities upped their target price on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada boosted their price target on Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.27.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Peregrine Capital Management LLC purchased a new stake in Celestica in the 4th quarter valued at $30,000. Optimum Investment Advisors grew its holdings in Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. R Squared Ltd purchased a new stake in Celestica in the 4th quarter valued at $51,000. Financial Management Professionals Inc. purchased a new stake in Celestica in the 3rd quarter valued at $30,000. Finally, UMB Bank n.a. purchased a new stake in Celestica in the 3rd quarter valued at $34,000. 67.38% of the stock is owned by institutional investors and hedge funds.

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.