Celestica Inc. (NYSE:CLS) CFO Mandeep Chawla Sells 90,771 Shares of 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 shares were sold at an average price of $122.28, for a total transaction of $11,099,477.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 value of $1,209,461.82.

Celestica Stock Up 8.8 %

Shares of NYSE:CLS opened at $143.53 on Thursday. The firm has a fifty day moving average price of $101.31 and a two-hundred day moving average price of $73.83. Celestica Inc. has a one year low of $35.56 and a one year high of $144.27. The company has a market cap of $16.70 billion, a price-to-earnings 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 Trading of Celestica

Institutional investors have recently added to or reduced their stakes in the business. Peregrine Capital Management LLC bought a new stake in shares of Celestica in the fourth quarter worth about $30,000. Optimum Investment Advisors boosted its stake in Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. R Squared Ltd bought a new stake in shares of Celestica during the fourth quarter valued at approximately $51,000. Financial Management Professionals Inc. purchased a new stake in shares of Celestica during the 3rd quarter valued at about $30,000. Finally, UMB Bank n.a. purchased a new stake in Celestica during the third quarter valued at $34,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CLS has been the subject of a number of recent research reports. Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Stifel Nicolaus started coverage on Celestica in a report on Tuesday. They set a “buy” rating and a $140.00 price target on the stock. Canaccord Genuity Group increased their price objective on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 20th. BMO Capital Markets lifted their price objective on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, TD Securities upped their target price on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Two 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.