Celestica Inc. (NYSE:CLS) CFO Sells $1,209,461.82 in Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) CFO Mandeep Chawla sold 9,483 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,209,461.82. Following the transaction, the chief financial officer now directly owns 90,771 shares in the company, valued at approximately $11,576,933.34. The trade was a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, February 3rd, Mandeep Chawla sold 90,771 shares of Celestica stock. The stock was sold at an average price of $122.28, for a total value of $11,099,477.88.

Celestica Trading Up 8.8 %

Shares of NYSE:CLS opened at $143.53 on Thursday. Celestica Inc. has a 12-month low of $35.56 and a 12-month high of $144.27. The company has a market cap of $16.70 billion, a PE ratio of 38.38 and a beta of 2.27. The stock has a 50 day moving average of $101.31 and a 200 day moving average of $73.83. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

Hedge Funds Weigh In On Celestica

A number of hedge funds have recently modified their holdings of the company. Optimum Investment Advisors lifted its stake 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 buying an additional 200 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in Celestica during the third quarter valued at about $30,000. Peregrine Capital Management LLC purchased a new position in shares of Celestica in the fourth quarter valued at about $30,000. UMB Bank n.a. bought a new stake in Celestica during the 3rd quarter valued at approximately $34,000. Finally, Private Trust Co. NA lifted its holdings 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. 67.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on CLS. Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Barclays boosted their target price on shares of Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. TD Securities raised their price target on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Royal Bank of Canada upped their price objective on Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, Canaccord Genuity Group raised their target price on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.