Mandeep Chawla Sells 90,771 Shares of Celestica Inc. (NYSE:CLS) Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) CFO Mandeep Chawla sold 90,771 shares of the 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 document filed with the Securities & Exchange Commission, which is available at this link.

Mandeep Chawla also recently made the following trade(s):

• On Friday, January 31st, Mandeep Chawla sold 9,483 shares of Celestica stock. The shares were sold at an average price of $127.54, for a total transaction of $1,209,461.82.

Celestica Stock Performance

NYSE CLS opened at $133.27 on Friday. Celestica Inc. has a 12-month low of $36.00 and a 12-month high of $144.27. The firm has a 50-day moving average price of $101.31 and a two-hundred day moving average price of $73.83. The company has a market capitalization of $15.51 billion, a P/E ratio of 35.63 and a beta of 2.27. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Institutional Investors Weigh In On Celestica

Several institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in Celestica during the 4th quarter worth $47,685,000. Aigen Investment Management LP increased its position in shares of Celestica by 13.5% in the fourth quarter. Aigen Investment Management LP now owns 10,827 shares of the technology company’s stock worth $999,000 after purchasing an additional 1,284 shares during the period. Assetmark Inc. raised its stake in Celestica by 8,394.4% in the fourth quarter. Assetmark Inc. now owns 4,587 shares of the technology company’s stock valued at $423,000 after purchasing an additional 4,533 shares in the last quarter. Schechter Investment Advisors LLC bought a new stake in Celestica during the fourth quarter worth about $294,000. Finally, Bravias Capital Group LLC acquired a new stake in Celestica during the fourth quarter worth about $271,000. 67.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CLS has been the topic of a number of recent analyst reports. Barclays boosted their price target on Celestica from $91.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. 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. Stifel Nicolaus started coverage on shares of Celestica in a research report on Tuesday. They set a “buy” rating and a $140.00 price objective for the company. Royal Bank of Canada increased their price objective on shares of Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, TD Securities lifted their target price on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently 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.