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

Celestica, Inc. (NYSE:CLSGet Free Report) (TSE:CLS) President Todd Cooper sold 1,065 shares of the business’s 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 transaction, the president directly owned 108,970 shares of the company’s stock, valued at approximately $30,894,084.70. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Celestica Stock Up 4.2%

Shares of Celestica stock opened at $307.36 on Friday. The company has a market capitalization of $35.36 billion, a P/E ratio of 42.81 and a beta of 1.86. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.88. The business has a 50-day moving average of $307.14 and a two-hundred day moving average of $271.91. Celestica, Inc. has a 1 year low of $58.05 and a 1 year high of $363.40.

Institutional Investors Weigh In On Celestica

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of Celestica by 5,806,149.2% in the fourth 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 buying an additional 3,657,874 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Celestica by 471.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock valued at $775,133,000 after acquiring an additional 2,596,318 shares during the last quarter. Viking Global Investors LP bought a new position in shares of Celestica in the 3rd quarter valued at about $424,459,000. Norges Bank bought a new stake in shares of Celestica in the 2nd quarter valued at about $236,069,000. Finally, SRS Investment Management LLC acquired a new stake in Celestica in the 2nd quarter valued at about $135,289,000. Institutional investors own 67.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Celestica from $359.00 to $391.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Aletheia Capital lifted their price target on Celestica from $330.00 to $410.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. UBS Group boosted their price target on Celestica from $208.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. TD Cowen reiterated a “hold” rating on shares of Celestica in a report on Friday, January 30th. Finally, Canadian Imperial Bank of Commerce boosted their target price on Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Celestica has an average rating of “Moderate Buy” and an average target price of $356.59.

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Key Celestica News

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Celestica Company Profile

(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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