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 the firm’s stock in a transaction 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 transaction, the chief executive officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $127.54, for a total transaction of $6,707,073.52.

Celestica Price Performance

Shares of NYSE:CLS opened at $129.74 on Friday. The stock has a market cap of $15.10 billion, a PE ratio of 34.69 and a beta of 2.27. The company’s fifty day moving average is $102.31 and its 200 day moving average is $74.25. Celestica Inc. has a 52 week low of $36.00 and a 52 week high of $144.27. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Hedge Funds Weigh In On Celestica

Large investors have recently added to or reduced their stakes in the business. Optimum Investment Advisors raised its position in Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Financial Management Professionals Inc. purchased a new position in shares of Celestica in 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. purchased a new position in shares of Celestica in the third quarter valued at about $34,000. Finally, Private Trust Co. NA increased its position in shares of Celestica by 480.0% in the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after acquiring an additional 720 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CLS. Stifel Nicolaus began coverage on shares of Celestica in a report on Tuesday. They issued a “buy” rating and a $140.00 price target for the company. BMO Capital Markets raised their price target on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. CIBC raised shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target for the company in a report on Friday, January 31st. TD Cowen raised their price objective on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Barclays raised their price objective on shares of Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.