Celestica Inc. (NYSE:CLS) President Sells $1,216,476.52 in Stock

Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS President Todd C. Cooper sold 9,538 shares of the company's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,216,476.52. Following the transaction, the president now directly owns 175,426 shares of the company's stock, valued at $22,373,832.04. The trade was a 5.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Celestica Price Performance

NYSE:CLS traded down $10.40 on Thursday, reaching $133.27. 9,244,411 shares of the company's stock traded hands, compared to its average volume of 5,256,668. The stock has a 50-day simple moving average of $101.31 and a 200-day simple moving average of $73.83. Celestica Inc. has a 12 month low of $36.00 and a 12 month high of $144.27. The firm has a market cap of $15.51 billion, a PE ratio of 35.63 and a beta of 2.27. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Peregrine Capital Management LLC bought a new stake in shares of Celestica during the fourth quarter valued at approximately $30,000. Optimum Investment Advisors grew its stake in Celestica by 66.7% during the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company's stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. R Squared Ltd bought a new stake in Celestica in the 4th quarter valued at $51,000. Financial Management Professionals Inc. purchased a new stake in Celestica in the 3rd quarter worth $30,000. Finally, UMB Bank n.a. bought a new position in shares of Celestica during the 3rd quarter valued at about $34,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CLS. TD Securities increased their price target on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. CIBC upgraded shares of Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 target price for the company in a report on Friday, January 31st. UBS Group initiated coverage on Celestica in a research report on Friday, November 22nd. They set a "neutral" rating and a $95.00 price objective for the company. BMO Capital Markets boosted their target price on Celestica from $64.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, Barclays raised their price target on Celestica from $91.00 to $139.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $103.27.

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.