Celestica (NYSE:CLS) President Sells $25,722,175.80 in Stock

Celestica, Inc. (NYSE:CLS) (TSE:CLS) President Todd Cooper sold 89,484 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $287.45, for a total value of $25,722,175.80. Following the transaction, the president directly owned 108,970 shares in the company, valued at approximately $31,323,426.50. The trade was a 45.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Celestica Stock Performance

Shares of Celestica stock traded up $11.75 on Tuesday, hitting $296.86. The stock had a trading volume of 2,689,581 shares, compared to its average volume of 3,221,084. The company’s 50 day moving average price is $310.36 and its 200 day moving average price is $268.93. The stock has a market cap of $34.15 billion, a price-to-earnings ratio of 41.35 and a beta of 1.86. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Celestica, Inc. has a 52-week low of $58.05 and a 52-week high of $363.40.

Institutional Investors Weigh In On Celestica

Several institutional investors have recently made changes to their positions in the stock. Pinney & Scofield Inc. lifted its stake in Celestica by 20.0% in the 3rd quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock valued at $44,000 after buying an additional 30 shares in the last quarter. LeConte Wealth Management LLC raised its holdings in shares of Celestica by 3.5% in the fourth quarter. LeConte Wealth Management LLC now owns 1,001 shares of the technology company’s stock worth $296,000 after acquiring an additional 34 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Celestica by 42.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock valued at $31,000 after acquiring an additional 37 shares in the last quarter. World Equity Group Inc. boosted its stake in shares of Celestica by 1.7% during the third quarter. World Equity Group Inc. now owns 2,263 shares of the technology company’s stock valued at $558,000 after acquiring an additional 38 shares during the last quarter. Finally, Terra Nova Asset Management LLC increased its position in Celestica by 2.3% during the 4th quarter. Terra Nova Asset Management LLC now owns 1,686 shares of the technology company’s stock worth $498,000 after purchasing an additional 38 shares in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Celestica in a research report on Wednesday, January 21st. The Goldman Sachs Group raised their price target on Celestica from $340.00 to $440.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Canaccord Genuity Group boosted their price target on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday. New Street Research set a $400.00 price objective on Celestica in a research report on Wednesday, October 29th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $400.00 target price on shares of Celestica in a report on Thursday, January 22nd. Fifteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $356.59.

About Celestica

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.