Celestica Inc. (NYSE:CLS) CEO Sells $6,707,073.52 in Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) CEO Robert Mionis sold 52,588 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $6,707,073.52. Following the transaction, the chief executive officer now owns 531,417 shares in the company, valued at approximately $67,776,924.18. This trade represents a 9.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Robert Mionis also recently made the following trade(s):

• On Monday, February 3rd, Robert Mionis sold 441,325 shares of Celestica stock. The stock was sold at an average price of $122.28, for a total transaction of $53,965,221.00.

Celestica Trading Up 8.8 %

Shares of CLS stock opened at $143.53 on Thursday. Celestica Inc. has a fifty-two week low of $35.56 and a fifty-two week high of $144.27. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $101.31 and a 200-day simple moving average of $73.83. The stock has a market cap of $16.70 billion, a P/E ratio of 38.38 and a beta of 2.27.

Institutional Trading of Celestica

Several institutional investors and hedge funds have recently modified their holdings of the business. Creative Planning lifted its stake in Celestica by 4.7% in the 2nd quarter. Creative Planning now owns 7,526 shares of the technology company’s stock valued at $431,000 after buying an additional 336 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Celestica by 2.0% in the second quarter. Truist Financial Corp now owns 11,008 shares of the technology company’s stock worth $631,000 after acquiring an additional 214 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Celestica by 119.5% in the second 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 in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Celestica during the second quarter valued at $2,140,000. Finally, Park Avenue Securities LLC purchased a new stake in Celestica during the 3rd quarter worth about $734,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Wall Street Analysts Forecast Growth

CLS has been the subject of a number of research reports. BMO Capital Markets upped their target price on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Barclays lifted their target price on Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. TD Cowen boosted their price objective on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Stifel Nicolaus assumed coverage on shares of Celestica in a report on Tuesday. They issued a “buy” rating and a $140.00 target price on the stock. Finally, Canaccord Genuity Group raised their price objective 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. 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.27.

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.