Robert Mionis Sells 75,000 Shares of Celestica Inc. (NYSE:CLS) Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) CEO Robert Mionis sold 75,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $141.29, for a total value of $10,596,750.00. Following the completion of the transaction, the chief executive officer now directly owns 456,417 shares in the company, valued at approximately $64,487,157.93. This trade represents a 14.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Robert Mionis also recently made the following trade(s):

• On Monday, February 3rd, Robert Mionis sold 441,325 shares of Celestica stock. The shares were sold at an average price of $122.28, for a total transaction of $53,965,221.00.
• On Friday, January 31st, Robert Mionis sold 52,588 shares of Celestica stock. The shares were sold at an average price of $127.54, for a total transaction of $6,707,073.52.

Celestica Stock Down 2.6 %

Shares of Celestica stock opened at $129.74 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 52-week low of $36.00 and a 52-week high of $144.27. The company has a market capitalization of $15.10 billion, a P/E ratio of 34.69 and a beta of 2.27. The company has a 50 day moving average of $102.31 and a 200 day moving average of $74.25.

Wall Street Analysts Forecast Growth

CLS has been the subject of a number of research analyst reports. TD Securities increased their price objective on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Royal Bank of Canada lifted their price objective on Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. TD Cowen increased their target price on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Stifel Nicolaus began coverage on Celestica in a research report on Tuesday. They issued a “buy” rating and a $140.00 target price for the company. Finally, CIBC raised shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target on the stock in a research report on Friday, January 31st. Two equities research 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.27.

Institutional Investors Weigh In On Celestica

Several institutional investors have recently modified their holdings of the company. Optimum Investment Advisors raised its stake in Celestica by 66.7% in the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in shares of Celestica in the 3rd quarter valued at about $30,000. Peregrine Capital Management LLC acquired a new stake in shares of Celestica during the 4th quarter worth about $30,000. UMB Bank n.a. acquired a new stake in shares of Celestica during the 3rd quarter worth about $34,000. Finally, Private Trust Co. NA lifted its stake in Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after purchasing an additional 720 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

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.