Celestica (NYSE:CLS) Trading Down 0.2% - Here's What Happened

Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS's stock price was down 0.2% during trading on Wednesday . The stock traded as low as $128.03 and last traded at $132.04. Approximately 892,211 shares were traded during trading, a decline of 81% from the average daily volume of 4,756,929 shares. The stock had previously closed at $132.29.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CLS. TD Cowen boosted their price target 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 World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. began coverage on shares of Celestica in a research report on Friday. They issued an "overweight" rating and a $166.00 price target on the stock. Royal Bank of Canada boosted their price target on shares of Celestica from $115.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Finally, TD Securities boosted their price target on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $110.83.

Celestica Stock Down 4.5 %

The firm has a market cap of $13.89 billion, a P/E ratio of 31.93 and a beta of 2.27. The stock's 50 day simple moving average is $110.78 and its 200 day simple moving average is $80.16. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47.

Insider Buying and Selling at Celestica

In other news, 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 value of $10,596,750.00. Following the completion of the sale, the chief executive officer now owns 456,417 shares in the company, valued at $64,487,157.93. This represents a 14.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Alok K. Agrawal sold 6,826 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total transaction of $914,137.92. Following the completion of the sale, the insider now owns 9,224 shares of the company's stock, valued at approximately $1,235,278.08. The trade was a 42.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 959,381 shares of company stock worth $119,142,019. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Celestica

Several institutional investors have recently made changes to their positions in the company. Mackenzie Financial Corp grew its stake in shares of Celestica by 39.3% in the 4th quarter. Mackenzie Financial Corp now owns 761,084 shares of the technology company's stock worth $70,164,000 after acquiring an additional 214,872 shares in the last quarter. Invst LLC boosted its holdings in shares of Celestica by 11.7% in the 4th quarter. Invst LLC now owns 11,243 shares of the technology company's stock worth $1,038,000 after buying an additional 1,174 shares during the last quarter. Vise Technologies Inc. boosted its holdings in shares of Celestica by 100.9% in the 4th quarter. Vise Technologies Inc. now owns 44,564 shares of the technology company's stock worth $4,113,000 after buying an additional 22,387 shares during the last quarter. Castleark Management LLC purchased a new position in shares of Celestica in the 4th quarter worth about $9,378,000. Finally, Tidal Investments LLC purchased a new position in shares of Celestica in the 4th quarter worth about $495,000. 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.