EAM Investors LLC Acquires New Shares in Celestica Inc. (NYSE:CLS)

EAM Investors LLC acquired a new stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,774 shares of the technology company's stock, valued at approximately $1,455,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Peregrine Capital Management LLC acquired a new stake in shares of Celestica during the 4th quarter valued at about $30,000. Pinpoint Asset Management Ltd increased its position in Celestica by 109.6% in the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after buying an additional 182 shares during the period. Bessemer Group Inc. acquired a new position in Celestica during the 4th quarter valued at $42,000. R Squared Ltd bought a new stake in shares of Celestica in the fourth quarter valued at about $51,000. Finally, IFP Advisors Inc lifted its position in shares of Celestica by 122.7% in the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock worth $62,000 after acquiring an additional 368 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on CLS shares. JPMorgan Chase & Co. decreased their target price on shares of Celestica from $166.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday. CIBC dropped their price objective on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research report on Tuesday. Stifel Nicolaus upped their target price on shares of Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. TD Securities increased their price target on Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Finally, Barclays lifted their price objective on shares of Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $103.25.

Celestica Stock Up 4.4 %

Shares of NYSE:CLS traded up $3.56 during midday trading on Friday, reaching $84.12. The company had a trading volume of 5,273,486 shares, compared to its average volume of 3,102,287. Celestica Inc. has a 1-year low of $40.25 and a 1-year high of $144.27. The stock has a market cap of $9.75 billion, a PE ratio of 22.49 and a beta of 2.09. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The business's 50 day moving average price is $94.54 and its 200 day moving average price is $90.66.

Insiders Place Their Bets

In related news, President Todd C. Cooper sold 65,000 shares of the firm's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $129.78, for a total value of $8,435,700.00. Following the completion of the transaction, the president now directly owns 110,426 shares of the company's stock, valued at approximately $14,331,086.28. This trade represents a 37.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alok K. Agrawal sold 6,826 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total transaction of $914,137.92. Following the sale, the insider now directly owns 9,224 shares in the company, valued at $1,235,278.08. This trade represents a 42.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 934,381 shares of company stock valued at $116,673,769 in the last 90 days. 1.00% of the stock is currently owned by insiders.

Celestica Company Profile

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.