Celestica Inc. (NYSE:CLS) Insider Sells $10,171,128.12 in Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) insider Yann L. Etienvre sold 83,179 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.28, for a total value of $10,171,128.12. Following the completion of the sale, the insider now directly owns 9,224 shares in the company, valued at $1,127,910.72. This represents a 90.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 transaction of $1,170,944.74.

Celestica Stock Performance

Shares of CLS opened at $129.74 on Friday. 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 firm’s 50 day moving average is $102.31 and its 200-day moving average is $74.25. Celestica Inc. has a 12-month low of $36.00 and a 12-month high of $144.27. The stock has a market capitalization of $15.10 billion, a P/E ratio of 34.69 and a beta of 2.27.

Analysts Set New Price Targets

A number of research analysts have issued reports on CLS shares. UBS Group started coverage on shares of Celestica in a research note on Friday, November 22nd. They set a “neutral” rating and a $95.00 target price for the company. CIBC raised Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective for the company in a report on Friday, January 31st. Canaccord Genuity Group boosted their price target on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. TD Cowen raised their price target on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada upped their price objective on shares of Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.27.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Optimum Investment Advisors lifted its position in shares of Celestica by 66.7% during the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of Celestica during the third quarter worth $30,000. Peregrine Capital Management LLC purchased a new stake in shares of Celestica during the fourth quarter valued at $30,000. UMB Bank n.a. acquired a new position in shares of Celestica in the 3rd quarter valued at $34,000. Finally, Private Trust Co. NA increased its stake in Celestica by 480.0% in the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after purchasing an additional 720 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

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.