Celestica (NYSE:CLS) President Todd Cooper Sells 1,065 Shares

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 transaction of $301,938.15. Following the sale, the president directly owned 108,970 shares in the company, valued at $30,894,084.70. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Celestica Stock Performance

Shares of NYSE CLS opened at $307.36 on Friday. The firm’s 50-day moving average price is $307.14 and its 200-day moving average price is $271.11. Celestica, Inc. has a 52-week low of $58.05 and a 52-week high of $363.40. The company has a market cap of $35.36 billion, a PE ratio of 42.81 and a beta of 1.86. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37.

Hedge Funds Weigh In On Celestica

Large investors have recently added to or reduced their stakes in the company. DAVENPORT & Co LLC raised its position in shares of Celestica by 56.8% during the 2nd quarter. DAVENPORT & Co LLC now owns 8,333 shares of the technology company’s stock valued at $1,300,000 after purchasing an additional 3,019 shares during the period. Valeo Financial Advisors LLC raised its stake in Celestica by 24.1% during the second quarter. Valeo Financial Advisors LLC now owns 4,362 shares of the technology company’s stock valued at $681,000 after purchasing an additional 848 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of Celestica during the 2nd quarter valued at about $343,000. Vontobel Holding Ltd. raised its position in Celestica by 178.4% during the second quarter. Vontobel Holding Ltd. now owns 9,188 shares of the technology company’s stock valued at $1,436,000 after purchasing an additional 5,888 shares during the period. Finally, US Bancorp DE raised its holdings in Celestica by 61.1% during the 2nd quarter. US Bancorp DE now owns 9,209 shares of the technology company’s stock valued at $1,438,000 after buying an additional 3,494 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analysts Set New Price Targets

CLS has been the subject of a number of research reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $400.00 price objective on shares of Celestica in a research report on Thursday, January 22nd. TD Cowen reaffirmed a “hold” rating on shares of Celestica in a research report on Friday, January 30th. Citigroup dropped their price objective on shares of Celestica from $375.00 to $338.00 and set a “buy” rating on the stock in a report on Friday, January 30th. BMO Capital Markets restated an “outperform” rating on shares of Celestica in a research report on Monday, January 26th. Finally, Wall Street Zen upgraded shares of Celestica from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $356.59.

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Celestica Company Profile

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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.

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