Celestica, Inc. (NYSE:CLS – Get Free Report) (TSE:CLS) CEO Robert Mionis sold 55,768 shares of Celestica stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $386.96, for a total value of $21,579,985.28. Following the completion of the sale, the chief executive officer directly owned 78,560 shares of the company’s stock, valued at approximately $30,399,577.60. This trade represents a 41.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Robert Mionis also recently made the following trade(s):
- On Monday, June 15th, Robert Mionis sold 66,056 shares of Celestica stock. The shares were sold at an average price of $400.06, for a total value of $26,426,363.36.
- On Wednesday, June 17th, Robert Mionis sold 18,176 shares of Celestica stock. The shares were sold at an average price of $385.17, for a total transaction of $7,000,849.92.
Celestica Price Performance
Shares of NYSE:CLS opened at $372.96 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $42.88 billion, a PE ratio of 45.10, a P/E/G ratio of 0.87 and a beta of 2.02. Celestica, Inc. has a twelve month low of $130.68 and a twelve month high of $474.02. The company has a 50-day moving average price of $383.45 and a two-hundred day moving average price of $326.42.
Wall Street Analyst Weigh In
CLS has been the topic of a number of analyst reports. BMO Capital Markets boosted their target price on shares of Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Royal Bank Of Canada raised their price target on Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Barclays lifted their price target on Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Susquehanna boosted their price objective on Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Finally, TD Securities raised Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective on the stock in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $427.42.
Read Our Latest Research Report on Celestica
Institutional Trading of Celestica
A number of hedge funds and other institutional investors have recently bought and sold shares of CLS. Wealth High Governance Capital Ltda grew its position in shares of Celestica by 12.4% during the 1st quarter. Wealth High Governance Capital Ltda now owns 35,042 shares of the technology company’s stock valued at $9,871,000 after purchasing an additional 3,863 shares in the last quarter. Wealth High Governance Asset Management Ltda. increased its holdings in shares of Celestica by 69.6% in the first quarter. Wealth High Governance Asset Management Ltda. now owns 29,916 shares of the technology company’s stock worth $8,427,000 after purchasing an additional 12,274 shares during the period. NewEdge Advisors LLC raised its position in shares of Celestica by 5.6% in the first quarter. NewEdge Advisors LLC now owns 6,282 shares of the technology company’s stock worth $1,770,000 after buying an additional 333 shares in the last quarter. Alpine Woods Capital Investors LLC purchased a new stake in shares of Celestica in the first quarter worth $563,000. Finally, Glenmede Trust Co. NA boosted its stake in Celestica by 1.7% during the first quarter. Glenmede Trust Co. NA now owns 4,438 shares of the technology company’s stock valued at $1,250,000 after buying an additional 75 shares during the period. Institutional investors own 67.38% of the company’s stock.
About Celestica
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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