Celestica Inc. (NYSE:CLS) CEO Robert Mionis Sells 75,000 Shares

Celestica Inc. (NYSE:CLS) (TSE:CLS) CEO Robert Mionis sold 75,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $141.29, for a total transaction of $10,596,750.00. Following the completion of the transaction, the chief executive officer now owns 456,417 shares of the company’s stock, valued at $64,487,157.93. This represents a 14.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, February 3rd, Robert Mionis sold 441,325 shares of Celestica stock. The shares were sold at an average price of $122.28, for a total value of $53,965,221.00.
• On Friday, January 31st, Robert Mionis sold 52,588 shares of Celestica stock. The stock was sold at an average price of $127.54, for a total value of $6,707,073.52.

Celestica Stock Down 2.6 %

CLS opened at $129.74 on Friday. The business has a 50 day simple moving average of $102.31 and a 200-day simple moving average of $74.25. Celestica Inc. has a 12 month low of $36.00 and a 12 month high of $144.27. The stock has a market capitalization of $15.10 billion, a P/E ratio of 34.69 and a beta of 2.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Institutional Investors Weigh In On Celestica

A number of hedge funds and other institutional investors have recently bought and sold shares of CLS. Creative Planning lifted its stake in shares of 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 purchasing an additional 336 shares during the period. Truist Financial Corp increased its holdings in Celestica by 2.0% in the second quarter. Truist Financial Corp now owns 11,008 shares of the technology company’s stock valued at $631,000 after buying an additional 214 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Celestica by 119.5% during the 2nd quarter. Cetera Investment Advisers now owns 26,271 shares of the technology company’s stock valued at $1,504,000 after acquiring an additional 14,305 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of Celestica during the 3rd quarter worth approximately $734,000. Finally, UMB Bank n.a. acquired a new stake in shares of Celestica in the 3rd quarter worth approximately $34,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CLS. TD Cowen increased their price objective on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Stifel Nicolaus initiated coverage on shares of Celestica in a research note on Tuesday. They set a “buy” rating and a $140.00 price target for the company. Royal Bank of Canada lifted their price objective on shares of Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. UBS Group initiated coverage on shares of Celestica in a research note on Friday, November 22nd. They set a “neutral” rating and a $95.00 target price for the company. Finally, BMO Capital Markets boosted their price target on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.