Insider Selling: Celestica Inc. (NYSE:CLS) CEO Sells 441,325 Shares of Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) CEO Robert Mionis sold 441,325 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $122.28, for a total value of $53,965,221.00. Following the transaction, the chief executive officer now owns 531,417 shares of the company’s stock, valued at $64,981,670.76. This trade represents a 45.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 value of $6,707,073.52.

Celestica Stock Up 8.8 %

CLS stock traded up $11.55 during trading on Wednesday, hitting $143.53. 8,448,756 shares of the company’s stock were exchanged, compared to its average volume of 5,105,531. The business has a 50-day moving average price of $100.10 and a two-hundred day moving average price of $73.34. The stock has a market capitalization of $16.70 billion, a price-to-earnings ratio of 38.38 and a beta of 2.27. Celestica Inc. has a 52-week low of $35.56 and a 52-week high of $144.27. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. TD Securities raised their target price on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Royal Bank of Canada raised their target price on Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Stifel Nicolaus started coverage on Celestica in a report on Tuesday. They set a “buy” rating and a $140.00 target price for the company. TD Cowen lifted their price objective on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Canaccord Genuity Group lifted their price objective on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.27.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Whale Rock Capital Management LLC boosted its stake in shares of Celestica by 13.0% in the third quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock valued at $432,846,000 after buying an additional 975,163 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in Celestica during the third quarter worth $61,210,000. Point72 Asset Management L.P. boosted its position in Celestica by 38.5% during the third quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock worth $55,451,000 after purchasing an additional 301,563 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in Celestica by 25.8% during the third quarter. Westfield Capital Management Co. LP now owns 536,249 shares of the technology company’s stock worth $27,413,000 after purchasing an additional 109,972 shares in the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd boosted its position in Celestica by 53.8% during the third quarter. Broad Peak Investment Advisers Pte Ltd now owns 524,245 shares of the technology company’s stock worth $26,799,000 after purchasing an additional 183,300 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

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.