Celestica (NYSE:CLS) President Sells $301,938.15 in Stock

Celestica, Inc. (NYSE:CLSGet Free Report) (TSE:CLS) President Todd Cooper sold 1,065 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total value of $301,938.15. Following the completion of the sale, the president owned 108,970 shares of the company’s stock, valued at approximately $30,894,084.70. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Celestica Price Performance

Shares of CLS stock opened at $307.36 on Monday. Celestica, Inc. has a fifty-two week low of $58.05 and a fifty-two week high of $363.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.47. The firm has a market capitalization of $35.36 billion, a price-to-earnings ratio of 42.81 and a beta of 1.86. The stock’s 50-day simple moving average is $307.14 and its 200-day simple moving average is $272.64.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CLS. Bank of America began coverage on shares of Celestica in a research note on Wednesday, January 28th. They set a “buy” rating and a $400.00 price objective for the company. Citigroup dropped their price target on Celestica from $375.00 to $338.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. New Street Research set a $400.00 price objective on Celestica in a research note on Wednesday, October 29th. TD Cowen reaffirmed a “hold” rating on shares of Celestica in a report on Friday, January 30th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $385.00 target price (up previously from $230.00) on shares of Celestica in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Celestica has a consensus rating of “Moderate Buy” and a consensus price target of $356.59.

Read Our Latest Stock Analysis on CLS

More Celestica News

Here are the key news stories impacting Celestica this week:

Institutional Trading of Celestica

Hedge funds have recently modified their holdings of the stock. Cullen Frost Bankers Inc. acquired a new position in Celestica in the fourth quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Celestica by 42.5% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock valued at $31,000 after purchasing an additional 37 shares in the last quarter. First Horizon Corp acquired a new position in shares of Celestica in the 3rd quarter valued at $31,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Celestica in the 4th quarter valued at $38,000. Finally, Park Square Financial Group LLC boosted its holdings in Celestica by 36.3% during the fourth quarter. Park Square Financial Group LLC now owns 154 shares of the technology company’s stock worth $46,000 after buying an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

About Celestica

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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.

Further Reading

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