Celestica Inc. (NYSE:CLS) Director Michael Wilson Sells 25,000 Shares

Celestica Inc. (NYSE:CLS) (TSE:CLS) Director Michael Wilson sold 25,000 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $98.73, for a total value of $2,468,250.00. Following the sale, the director now owns 1,784 shares in the company, valued at approximately $176,134.32. The trade was a 93.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Celestica Trading Up 4.4 %

Celestica stock opened at $102.62 on Friday. Celestica Inc. has a one year low of $26.62 and a one year high of $103.46. The company’s fifty day moving average price is $89.10 and its two-hundred day moving average price is $66.19. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The company has a market capitalization of $11.94 billion, a price-to-earnings ratio of 32.58 and a beta of 2.25.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.41 billion. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The firm’s revenue was up 24.8% compared to the same quarter last year. During the same period last year, the business earned $0.65 EPS. On average, analysts forecast that Celestica Inc. will post 3.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CLS has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their price target on shares of Celestica from $75.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday. BMO Capital Markets boosted their target price on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Stifel Nicolaus raised their target price on Celestica from $70.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. TD Securities 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, Canaccord Genuity Group raised their price objective on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $81.45.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CLS. Whale Rock Capital Management LLC grew its position in shares of Celestica by 13.0% in the third quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock valued at $432,846,000 after purchasing an additional 975,163 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Celestica in the 3rd quarter valued at approximately $61,210,000. Dimensional Fund Advisors LP increased its position in Celestica by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,186,543 shares of the technology company’s stock worth $68,024,000 after buying an additional 52,807 shares during the period. Driehaus Capital Management LLC lifted its holdings in shares of Celestica by 19,876.9% during the second quarter. Driehaus Capital Management LLC now owns 1,164,653 shares of the technology company’s stock worth $66,770,000 after buying an additional 1,158,823 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Celestica by 0.8% in the second quarter. Bank of Montreal Can now owns 1,150,806 shares of the technology company’s stock valued at $68,470,000 after acquiring an additional 9,462 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.

About Celestica

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.