Celestica (NYSE:CLS) Insider Sells $324,618.95 in Stock

Celestica, Inc. (NYSE:CLSGet Free Report) (TSE:CLS) insider Yann Etienvre sold 1,145 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total transaction of $324,618.95. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Celestica Stock Performance

Shares of NYSE:CLS traded up $12.47 on Friday, hitting $307.36. 3,579,146 shares of the company were exchanged, compared to its average volume of 3,360,472. The company’s 50 day moving average price is $307.87 and its two-hundred day moving average price is $270.11. Celestica, Inc. has a one year low of $58.05 and a one year 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.

More Celestica News

Here are the key news stories impacting Celestica this week:

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Citigroup reduced their price objective on Celestica from $375.00 to $338.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Zacks Research cut Celestica from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Aletheia Capital lifted their price target on shares of Celestica from $330.00 to $410.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Bank of America began coverage on shares of Celestica in a research note on Wednesday, January 28th. They issued a “buy” rating and a $400.00 price objective for the company. Finally, Barclays upped their target price on shares of Celestica from $359.00 to $391.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Fifteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $356.59.

Read Our Latest Analysis on Celestica

Institutional Trading of Celestica

Several hedge funds have recently modified their holdings of CLS. Vanguard Group Inc. boosted its holdings in shares of Celestica by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company’s stock worth $1,423,333,000 after acquiring an additional 73,022 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Celestica by 5,806,149.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after purchasing an additional 3,657,874 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Celestica by 471.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock valued at $775,133,000 after purchasing an additional 2,596,318 shares during the last quarter. Franklin Resources Inc. boosted its stake in Celestica by 4.8% in the third quarter. Franklin Resources Inc. now owns 1,921,417 shares of the technology company’s stock worth $473,386,000 after purchasing an additional 88,212 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Celestica by 17.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,733,686 shares of the technology company’s stock worth $271,045,000 after purchasing an additional 259,504 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

About Celestica

(Get Free Report)

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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Insider Buying and Selling by Quarter for Celestica (NYSE:CLS)

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