Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS Director Michael Wilson sold 25,000 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the transaction, the director now owns 1,784 shares in the company, valued at approximately $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Celestica Stock Performance
Shares of NYSE:CLS traded up $4.35 on Wednesday, hitting $102.62. 2,645,926 shares of the company were exchanged, compared to its average volume of 1,842,897. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The stock's 50 day moving average price is $88.45 and its 200 day moving average price is $65.93. Celestica Inc. has a 1-year low of $26.62 and a 1-year high of $103.46. The firm has a market capitalization of $11.94 billion, a P/E ratio of 32.58 and a beta of 2.25.
Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.11. The company had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.41 billion. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The firm's revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS. Sell-side analysts predict that Celestica Inc. will post 3.44 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts recently commented on CLS shares. TD Cowen boosted their price objective on shares of Celestica from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. TD Securities upped their price objective on Celestica from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. BMO Capital Markets lifted their target price on Celestica from $64.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Barclays assumed coverage on shares of Celestica in a research report on Tuesday, November 5th. They set an "overweight" rating and a $91.00 price target for the company. Finally, UBS Group assumed coverage on shares of Celestica in a research report on Friday, November 22nd. They issued a "neutral" rating and a $95.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Celestica has an average rating of "Moderate Buy" and an average price target of $81.45.
View Our Latest Report on CLS
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oliver Luxxe Assets LLC boosted its position in Celestica by 0.7% in the 4th quarter. Oliver Luxxe Assets LLC now owns 89,927 shares of the technology company's stock worth $8,298,000 after purchasing an additional 659 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Celestica by 21.1% during the third quarter. Franklin Resources Inc. now owns 276,788 shares of the technology company's stock worth $14,149,000 after buying an additional 48,251 shares in the last quarter. World Investment Advisors LLC purchased a new stake in Celestica during the third quarter worth $4,003,000. Sanctuary Advisors LLC grew its position in Celestica by 10.5% during the third quarter. Sanctuary Advisors LLC now owns 41,228 shares of the technology company's stock valued at $2,108,000 after buying an additional 3,902 shares during the period. Finally, Invst LLC increased its holdings in Celestica by 24.0% in the third quarter. Invst LLC now owns 10,069 shares of the technology company's stock valued at $515,000 after buying an additional 1,948 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.
About Celestica
(
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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.
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