Alok K. Agrawal Sells 6,826 Shares of Celestica Inc. (NYSE:CLS) Stock

Celestica Inc. (NYSE:CLS) (TSE:CLS) insider Alok K. Agrawal sold 6,826 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total value of $914,137.92. Following the completion of the sale, the insider now owns 9,224 shares of the company’s stock, valued at $1,235,278.08. This trade represents a 42.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Celestica Stock Down 7.2 %

NYSE:CLS opened at $133.27 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The stock’s fifty day moving average is $101.31 and its two-hundred day moving average is $73.83. Celestica Inc. has a 52 week low of $36.00 and a 52 week high of $144.27. The stock has a market capitalization of $15.51 billion, a price-to-earnings ratio of 35.63 and a beta of 2.27.

Analysts Set New Price Targets

CLS has been the subject of a number of analyst reports. CIBC upgraded 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. Royal Bank of Canada upped their price target on Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. TD Cowen upped their price target on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Barclays upped their price objective on Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Celestica has a consensus rating of “Moderate Buy” and a consensus target price of $103.27.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC acquired a new position in Celestica during the fourth quarter worth $385,000. Quantbot Technologies LP lifted its stake in Celestica by 120.9% during the third quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company’s stock worth $5,299,000 after purchasing an additional 56,732 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Celestica in the third quarter valued at $61,210,000. Sigma Planning Corp acquired a new stake in shares of Celestica in the third quarter valued at $420,000. Finally, Advisors Asset Management Inc. raised its stake in shares of Celestica by 61.9% in the third quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company’s stock valued at $1,682,000 after acquiring an additional 12,584 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Company Profile

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.