Celestica, Inc. (NYSE:CLS – Get Free Report) (TSE:CLS) CEO Robert Mionis sold 18,176 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $385.17, for a total value of $7,000,849.92. Following the transaction, the chief executive officer owned 60,384 shares of the company’s stock, valued at approximately $23,258,105.28. This trade represents a 23.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Robert Mionis also recently made the following trade(s):
- On Monday, June 15th, Robert Mionis sold 66,056 shares of Celestica stock. The shares were sold at an average price of $400.06, for a total value of $26,426,363.36.
- On Tuesday, June 16th, Robert Mionis sold 55,768 shares of Celestica stock. The shares were sold at an average price of $386.96, for a total value of $21,579,985.28.
Celestica Stock Performance
Shares of NYSE:CLS traded down $1.70 during mid-day trading on Wednesday, reaching $380.31. 1,189,950 shares of the company traded hands, compared to its average volume of 2,133,640. The company’s 50 day moving average price is $380.87 and its 200-day moving average price is $325.89. The firm has a market cap of $43.72 billion, a PE ratio of 45.99, a PEG ratio of 0.89 and a beta of 2.02. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. Celestica, Inc. has a 52 week low of $130.68 and a 52 week high of $474.02.
Institutional Trading of Celestica
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Celestica in the fourth quarter worth $28,000. Ascentis Independent Advisors acquired a new stake in Celestica in the first quarter worth about $29,000. Swiss RE Ltd. acquired a new stake in Celestica in the fourth quarter worth about $29,000. Cullen Frost Bankers Inc. acquired a new stake in Celestica in the fourth quarter worth about $30,000. Finally, Sittner & Nelson LLC purchased a new position in shares of Celestica in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. Royal Bank Of Canada upped their price target on Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Barclays upped their price target on Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Zacks Research downgraded Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. BMO Capital Markets upped their price target on Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, TD upped their price target on Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Celestica has an average rating of “Moderate Buy” and an average price target of $427.42.
Read Our Latest Research Report on Celestica
Celestica Company Profile
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.
Recommended Stories
- Five stocks we like better than Celestica
- Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
- CoreWeave Insider Sales Look Big, But Should Investors Worry?
- Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
- Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
Receive News & Ratings for Celestica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celestica and related companies with MarketBeat.com's FREE daily email newsletter.
