Celestica Inc. (NYSE:CLS) President Todd C. Cooper Sells 65,000 Shares of Stock

Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS President Todd C. Cooper sold 65,000 shares of the firm's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the completion of the transaction, the president now directly owns 110,426 shares of the company's stock, valued at approximately $14,331,086.28. This trade represents a 37.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Celestica Price Performance

Celestica stock traded up $0.51 during trading hours on Thursday, reaching $129.83. 3,851,085 shares of the stock were exchanged, compared to its average volume of 5,006,974. The stock has a 50 day moving average of $105.64 and a two-hundred day moving average of $76.47. The company has a market cap of $15.11 billion, a P/E ratio of 34.71 and a beta of 2.27. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica Inc. has a twelve month low of $36.11 and a twelve month high of $144.27.

Wall Street Analyst Weigh In

A number of analysts have commented on CLS shares. TD Securities increased their price target on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. TD Cowen raised their target price on shares of Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. CIBC raised Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 price target on the stock in a research report on Friday, January 31st. Canaccord Genuity Group upped their price objective on Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, December 20th. Finally, BMO Capital Markets lifted their target price on Celestica from $64.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $104.91.

Institutional Trading of Celestica

Large investors have recently bought and sold shares of the business. Creative Planning raised its holdings in Celestica by 4.7% in the 2nd quarter. Creative Planning now owns 7,526 shares of the technology company's stock valued at $431,000 after buying an additional 336 shares during the last quarter. Truist Financial Corp boosted its stake in Celestica by 2.0% during the second quarter. Truist Financial Corp now owns 11,008 shares of the technology company's stock worth $631,000 after acquiring an additional 214 shares in the last quarter. Cetera Investment Advisers boosted 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 worth $1,504,000 after purchasing an additional 14,305 shares in the last quarter. UMB Bank n.a. acquired a new stake in Celestica in the third quarter valued at approximately $34,000. Finally, Oliver Luxxe Assets LLC acquired a new stake in Celestica in the 3rd quarter valued at $4,566,000. 67.38% of the stock is owned by institutional investors and hedge funds.

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.