Celestica Inc. (NYSE:CLS) President Todd C. Cooper Sells 65,000 Shares

Celestica Inc. (NYSE:CLS) (TSE:CLS) President Todd C. Cooper sold 65,000 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the transaction, the president now directly owns 110,426 shares of the company’s stock, valued at approximately $14,331,086.28. This trade represents a 37.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Celestica Price Performance

Shares of NYSE:CLS opened at $129.50 on Thursday. Celestica Inc. has a one year low of $36.00 and a one year high of $144.27. The stock has a market capitalization of $15.07 billion, a price-to-earnings ratio of 34.63 and a beta of 2.27. The company has a 50-day simple moving average of $105.64 and a 200-day simple moving average of $76.47. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47.

Wall Street Analyst Weigh In

CLS has been the subject of a number of research analyst reports. TD Cowen increased their price objective on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. CIBC upgraded shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price for the company in a research note on Friday, January 31st. UBS Group assumed coverage on Celestica in a report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 target price on the stock. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. Finally, TD Securities increased their price objective on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $103.27.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CLS. Cornerstone Wealth Management LLC purchased a new position in Celestica in the 4th quarter valued at $385,000. Quantbot Technologies LP raised its holdings in Celestica by 120.9% during the third quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company’s stock worth $5,299,000 after purchasing an additional 56,732 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Celestica in the third quarter valued at $61,210,000. Sigma Planning Corp acquired a new position in shares of Celestica during the 3rd quarter worth $420,000. Finally, Advisors Asset Management Inc. boosted its position in shares of Celestica by 61.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company’s stock worth $1,682,000 after buying an additional 12,584 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

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.