Celestica Inc. (NYSE:CLS) CEO Sells $53,965,221.00 in Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) CEO Robert Mionis sold 441,325 shares of Celestica stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $122.28, for a total transaction of $53,965,221.00. Following the completion of the sale, the chief executive officer now owns 531,417 shares of the company’s stock, valued at approximately $64,981,670.76. The trade was a 45.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, February 5th, Robert Mionis sold 75,000 shares of Celestica stock. The shares were sold at an average price of $141.29, for a total transaction of $10,596,750.00.
• On Friday, January 31st, Robert Mionis sold 52,588 shares of Celestica stock. The stock was sold at an average price of $127.54, for a total transaction of $6,707,073.52.

Celestica Stock Down 2.6 %

Celestica stock opened at $129.74 on Friday. Celestica Inc. has a twelve month low of $36.00 and a twelve month high of $144.27. The firm has a 50 day moving average price of $102.31 and a 200-day moving average price of $74.25. 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 quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Wall Street Analysts Forecast Growth

CLS has been the topic of several analyst reports. CIBC raised shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective on the stock in a research note on Friday, January 31st. 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. Barclays upped their target price on shares of Celestica from $91.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Stifel Nicolaus assumed coverage on shares of Celestica in a report on Tuesday. They issued a “buy” rating and a $140.00 target price on the stock. Finally, 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 note on Friday, January 31st. Two research 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $103.27.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. bought a new position in Celestica in the 3rd quarter worth approximately $61,210,000. Whale Rock Capital Management LLC boosted its holdings in Celestica by 13.0% in the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock worth $432,846,000 after buying an additional 975,163 shares during the period. Raymond James Financial Inc. bought a new position in Celestica in the 4th quarter worth approximately $47,685,000. Point72 Asset Management L.P. boosted its holdings in Celestica by 38.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock worth $55,451,000 after buying an additional 301,563 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in Celestica by 1,697.3% in the 3rd quarter. Natixis Advisors LLC now owns 233,485 shares of the technology company’s stock worth $11,936,000 after buying an additional 220,494 shares during the period. 67.38% of the stock is owned by institutional investors.

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.