Mandeep Chawla Sells 9,483 Shares of Celestica Inc. (NYSE:CLS) Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) CFO Mandeep Chawla sold 9,483 shares of Celestica stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,209,461.82. Following the sale, the chief financial officer now directly owns 90,771 shares in the company, valued at $11,576,933.34. The trade was a 9.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Celestica Stock Up 9.4 %

Shares of Celestica stock opened at $132.19 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The stock has a market capitalization of $15.38 billion, a PE ratio of 35.34 and a beta of 2.27. Celestica Inc. has a 52-week low of $35.56 and a 52-week high of $133.66. The company has a 50-day simple moving average of $100.10 and a two-hundred day simple moving average of $73.34.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CLS. Optimum Investment Advisors raised its holdings in shares of 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 purchasing an additional 200 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in shares of Celestica during the third quarter valued at approximately $30,000. Peregrine Capital Management LLC purchased a new position in shares of Celestica during the fourth quarter valued at approximately $30,000. UMB Bank n.a. purchased a new position in shares of Celestica during the third quarter valued at approximately $34,000. Finally, Private Trust Co. NA raised its holdings in shares of Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after purchasing an additional 720 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CLS. Canaccord Genuity Group lifted their target price on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Barclays lifted their price target on shares of Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. CIBC raised shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target for the company in a research report on Friday, January 31st. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Finally, TD Cowen lifted their price target on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Celestica presently has a consensus rating of “Moderate Buy” and an average target price 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.