Mandeep Chawla Sells 90,771 Shares of Celestica Inc. (NYSE:CLS) Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) CFO Mandeep Chawla sold 90,771 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.28, for a total transaction of $11,099,477.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, January 31st, Mandeep Chawla sold 9,483 shares of Celestica stock. The stock was sold at an average price of $127.54, for a total transaction of $1,209,461.82.

Celestica Stock Performance

NYSE:CLS opened at $133.27 on Friday. The firm has a market capitalization of $15.51 billion, a PE ratio of 35.63 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. Celestica Inc. has a 12-month low of $36.00 and a 12-month high of $144.27. The firm has a 50-day moving average price of $101.31 and a 200 day moving average price of $73.83.

Hedge Funds Weigh In On Celestica

Hedge funds have recently modified their holdings of the stock. Creative Planning grew its position in Celestica by 4.7% in the second quarter. Creative Planning now owns 7,526 shares of the technology company’s stock valued at $431,000 after acquiring an additional 336 shares during the period. Truist Financial Corp boosted its stake in shares of Celestica by 2.0% in the 2nd quarter. Truist Financial Corp now owns 11,008 shares of the technology company’s stock valued at $631,000 after purchasing an additional 214 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Celestica by 119.5% in the 2nd quarter. Cetera Investment Advisers now owns 26,271 shares of the technology company’s stock valued at $1,504,000 after purchasing an additional 14,305 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Celestica in the 2nd quarter worth about $2,140,000. Finally, Park Avenue Securities LLC acquired a new stake in shares of Celestica during the 3rd quarter worth about $734,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CLS shares. TD Cowen lifted their price objective on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. TD Securities lifted their price target on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. CIBC raised Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective for the company in a research report on Friday, January 31st. Barclays boosted their target price on shares of Celestica from $91.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Stifel Nicolaus started coverage on shares of Celestica in a report on Tuesday. They issued a “buy” rating and a $140.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $103.27.

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.