Celestica (NYSE:CLS) Stock Price Up 3.1% - Here's What Happened

Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS shares rose 3.1% during trading on Tuesday . The company traded as high as $85.32 and last traded at $83.38. Approximately 1,609,618 shares were traded during trading, a decline of 47% from the average daily volume of 3,054,768 shares. The stock had previously closed at $80.88.

Wall Street Analyst Weigh In

CLS has been the topic of several recent analyst reports. CIBC decreased their price target on Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research note on Tuesday. Royal Bank of Canada boosted their target price on Celestica from $115.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Barclays raised their price objective on shares of Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Cibc World Mkts raised Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. Finally, Stifel Nicolaus lifted their target price on Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Two 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $103.25.

Celestica Price Performance

The firm has a market capitalization of $9.75 billion, a PE ratio of 22.49 and a beta of 2.09. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The business's 50 day moving average is $94.54 and its two-hundred day moving average is $90.66.

Insider Buying and Selling at Celestica

In other Celestica news, President Todd C. Cooper sold 9,538 shares of the company's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $1,216,476.52. Following the completion of the sale, the president now owns 175,426 shares of the company's stock, valued at $22,373,832.04. This represents a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Mionis sold 75,000 shares of the 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 transaction, the chief executive officer now directly owns 456,417 shares in the company, valued at approximately $64,487,157.93. This represents a 14.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 934,381 shares of company stock valued at $116,673,769 in the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Independent Advisor Alliance raised its stake in Celestica by 0.3% in the fourth quarter. Independent Advisor Alliance now owns 29,588 shares of the technology company's stock worth $2,731,000 after buying an additional 79 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Celestica by 4.6% in the fourth quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company's stock worth $188,000 after buying an additional 89 shares in the last quarter. CoreCap Advisors LLC grew its holdings in shares of Celestica by 5.4% during the fourth quarter. CoreCap Advisors LLC now owns 1,760 shares of the technology company's stock valued at $162,000 after buying an additional 90 shares during the last quarter. Pinpoint Asset Management Ltd raised its holdings in Celestica by 109.6% in the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after acquiring an additional 182 shares during the last quarter. Finally, Bay Rivers Group lifted its position in Celestica by 1.1% in the 1st quarter. Bay Rivers Group now owns 19,494 shares of the technology company's stock valued at $1,536,000 after acquiring an additional 215 shares in the last quarter. Institutional investors 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.