Insider Selling: Celestica (NYSE:CLS) President Sells $6,000,200.00 in Stock

Celestica, Inc. (NYSE:CLSGet Free Report) (TSE:CLS) President Jason Phillips sold 20,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $300.01, for a total transaction of $6,000,200.00. Following the transaction, the president owned 112,584 shares in the company, valued at $33,776,325.84. The trade was a 15.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Jason Phillips also recently made the following trade(s):

  • On Friday, February 6th, Jason Phillips sold 100,000 shares of Celestica stock. The shares were sold at an average price of $308.92, for a total transaction of $30,892,000.00.

Celestica Stock Performance

Celestica stock opened at $307.36 on Monday. The firm has a fifty day simple moving average of $307.14 and a two-hundred day simple moving average of $272.64. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. Celestica, Inc. has a twelve month low of $58.05 and a twelve month high of $363.40. The company has a market capitalization of $35.36 billion, a PE ratio of 42.81 and a beta of 1.86.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Pinney & Scofield Inc. boosted its stake in shares of Celestica by 20.0% during the 3rd quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock valued at $44,000 after purchasing an additional 30 shares in the last quarter. LeConte Wealth Management LLC lifted its holdings in Celestica by 3.5% in the fourth quarter. LeConte Wealth Management LLC now owns 1,001 shares of the technology company’s stock worth $296,000 after buying an additional 34 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Celestica by 42.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock worth $31,000 after buying an additional 37 shares during the period. World Equity Group Inc. boosted its position in Celestica by 1.7% during the 3rd quarter. World Equity Group Inc. now owns 2,263 shares of the technology company’s stock valued at $558,000 after acquiring an additional 38 shares in the last quarter. Finally, Terra Nova Asset Management LLC grew its holdings in shares of Celestica by 2.3% during the 4th quarter. Terra Nova Asset Management LLC now owns 1,686 shares of the technology company’s stock worth $498,000 after acquiring an additional 38 shares during the period. 67.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on CLS. Royal Bank Of Canada reiterated an “outperform” rating and issued a $400.00 price objective on shares of Celestica in a research report on Thursday, January 22nd. Bank of America assumed coverage on shares of Celestica in a report on Wednesday, January 28th. They set a “buy” rating and a $400.00 price target for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Celestica in a research report on Wednesday, January 21st. Citigroup decreased their price objective on shares of Celestica from $375.00 to $338.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Celestica in a research note on Monday, January 26th. 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $356.59.

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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.

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