Celestica president Todd Cooper sells $11.19 million in stock

In a recent transaction, Todd Cooper, President of Celestica Inc . (NYSE:CLS), sold 91,490 common shares of the company. The shares were sold on February 3, 2025, at a price of $122.28 per share, amounting to a total of approximately $11.19 million. The sale comes as Celestica (TSX:CLS)’s stock has delivered an impressive 289% return over the past year, with the company’s market value now reaching $16.7 billion. According to InvestingPro, the company maintains a GREAT financial health score, and 9 analysts have recently revised their earnings estimates upward. Following this transaction, Cooper retains ownership of 175,426 shares.

Additionally, on February 4, 2025, Cooper received 5,957 restricted share units (RSUs) as part of his compensation. These RSUs, which represent a contingent right to receive an equivalent number of common shares or cash, will vest over a three-year period.

In other recent news, Celestica has been the focus of several analyst adjustments. RBC Capital Markets has successively raised its price target for the company, first from $75.00 to $115.00, then from $115.00 to $140.00, and most recently to $160.00, all while maintaining an Outperform rating. The upgrades were based on Celestica’s strong financial performance, the launch of new programs, and a growing proportion of high-quality revenue streams like High Performance Systems/Original Design Manufacturing (HPS/ODM).

Similarly, BMO Capital Markets increased its price target for Celestica from $72 to $140, keeping an Outperform rating. This adjustment came in response to the company’s growing capabilities in the artificial intelligence (AI) sector and potential for increased capital expenditures related to AI.

In other developments, Celestica announced the upcoming resignation of Laurette T. Koellner from its Board of Directors, effective January 31, 2025, due to personal reasons. The company has started the search for a suitable replacement that aligns with the board’s skill requirements and the company’s Diversity Policy.

These are among the recent developments concerning Celestica, a company that continues to receive positive outlooks from analysts and undergoes changes in its board of directors.

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