Celestica Inc. (NYSE:CLS) Insider Sells $1,170,944.74 in Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) insider Yann L. Etienvre sold 9,181 shares of Celestica stock in a transaction on Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $1,170,944.74. Following the transaction, the insider now owns 83,179 shares in the company, valued at approximately $10,608,649.66. This represents a 9.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Celestica Stock Up 9.4 %

Shares of NYSE:CLS opened at $132.19 on Wednesday. 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 has a market capitalization of $15.38 billion, a PE ratio of 35.34 and a beta of 2.27. The firm’s 50-day moving average is $100.10 and its two-hundred day moving average is $73.34. Celestica Inc. has a 1 year low of $35.56 and a 1 year high of $133.66.

Institutional Trading of Celestica

A number of institutional investors and hedge funds have recently bought and sold shares of CLS. Creative Planning grew its position in shares of Celestica by 4.7% during the second quarter. Creative Planning now owns 7,526 shares of the technology company’s stock worth $431,000 after buying an additional 336 shares in the last quarter. Truist Financial Corp grew its position in shares of Celestica by 2.0% during the second quarter. Truist Financial Corp now owns 11,008 shares of the technology company’s stock worth $631,000 after buying an additional 214 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Celestica by 119.5% during the second quarter. Cetera Investment Advisers now owns 26,271 shares of the technology company’s stock worth $1,504,000 after buying an additional 14,305 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Celestica during the second quarter worth about $2,140,000. Finally, Park Avenue Securities LLC acquired a new position in shares of Celestica during the third quarter worth about $734,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CLS. CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target on the stock in a report on Friday, January 31st. Barclays boosted their price objective on shares of Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Royal Bank of Canada boosted their price objective on shares of Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, January 31st. UBS Group assumed coverage on shares of Celestica in a report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price objective on the stock. Finally, BMO Capital Markets boosted their price objective on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Two 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. Based on data from MarketBeat, Celestica has a consensus rating of “Moderate Buy” and a consensus target price 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.