Celestica (NYSE:CLS) Shares Up 0% - Here's What Happened

Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS's stock price traded up 0% on Friday . The stock traded as high as $95.66 and last traded at $95.65. 946,790 shares were traded during trading, a decline of 65% from the average session volume of 2,724,405 shares. The stock had previously closed at $95.65.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CLS shares. Royal Bank of Canada upped their target price on shares of Celestica from $115.00 to $140.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. assumed coverage on shares of Celestica in a report on Friday, February 21st. They set an "overweight" rating and a $166.00 target price for the company. TD Securities increased their price target on Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Barclays raised their price target on Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Finally, Canaccord Genuity Group upped their price objective on Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $110.83.

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Celestica Price Performance

The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The firm has a market cap of $11.17 billion, a P/E ratio of 25.82 and a beta of 2.21. The company's 50-day moving average is $109.73 and its two-hundred day moving average is $87.11.

Insiders Place Their Bets

In related news, President Todd C. Cooper sold 65,000 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $129.78, for a total value of $8,435,700.00. Following the sale, the president now owns 110,426 shares of the company's stock, valued at $14,331,086.28. The trade was a 37.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael Wilson sold 25,000 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $98.73, for a total value of $2,468,250.00. Following the completion of the sale, the director now owns 1,784 shares of the company's stock, valued at $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 959,381 shares of company stock valued at $119,142,019 in the last 90 days. Corporate insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On Celestica

A number of institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its stake in shares of Celestica by 91.2% in the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock worth $1,078,804,000 after acquiring an additional 5,574,342 shares during the period. FIL Ltd lifted its position in shares of Celestica by 5,976.1% in the 4th quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock worth $319,662,000 after purchasing an additional 3,406,723 shares during the period. Norges Bank bought a new stake in shares of Celestica in the 4th quarter valued at $139,008,000. Polar Capital Holdings Plc increased its position in shares of Celestica by 822.6% during the fourth quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock worth $148,416,000 after buying an additional 1,433,681 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in Celestica by 64.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock worth $329,460,000 after buying an additional 1,401,877 shares during the last quarter. Institutional investors own 67.38% of the company's stock.

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.