Insider Selling: Celestica Inc. (NYSE:CLS) President Sells 9,538 Shares of Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) President Todd C. Cooper sold 9,538 shares of Celestica stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,216,476.52. Following the sale, the president now directly owns 175,426 shares in the company, valued at $22,373,832.04. The trade was a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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 debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The stock has a 50 day simple moving average of $101.31 and a two-hundred day simple moving average of $73.83. The company 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 hedge funds have recently modified their holdings of the stock. Cornerstone Wealth Management LLC acquired a new stake in Celestica in the fourth quarter worth $385,000. Quantbot Technologies LP grew its stake in shares of Celestica by 120.9% in the 3rd quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company’s stock valued at $5,299,000 after buying an additional 56,732 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in Celestica in the 3rd quarter valued at about $61,210,000. Sigma Planning Corp acquired a new position in Celestica during the 3rd quarter worth approximately $420,000. Finally, Advisors Asset Management Inc. boosted its holdings in Celestica by 61.9% in the third quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company’s stock worth $1,682,000 after acquiring an additional 12,584 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on CLS shares. UBS Group initiated coverage on shares of Celestica in a research report on Friday, November 22nd. They set a “neutral” rating and a $95.00 target price on the stock. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Stifel Nicolaus began coverage on Celestica in a research report on Tuesday. They set a “buy” rating and a $140.00 target price for the company. Barclays upped their price target on Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, BMO Capital Markets raised their price objective on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. 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 stock. According to MarketBeat, Celestica presently has a consensus rating of “Moderate Buy” and a consensus 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.