90,924 Shares in Celestica Inc. (NYSE:CLS) Acquired by EAM Global Investors LLC

EAM Global Investors LLC acquired a new stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 90,924 shares of the technology company's stock, valued at approximately $8,387,000. Celestica comprises about 1.5% of EAM Global Investors LLC's holdings, making the stock its 5th largest holding. EAM Global Investors LLC owned 0.08% of Celestica at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CLS. FMR LLC lifted its position in Celestica by 91.2% in the 4th quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock valued at $1,078,804,000 after purchasing an additional 5,574,342 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Celestica by 64.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock worth $329,460,000 after buying an additional 1,401,877 shares in the last quarter. FIL Ltd increased its position in Celestica by 5,976.1% in the 4th quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock valued at $319,662,000 after acquiring an additional 3,406,723 shares during the period. Invesco Ltd. boosted its position in Celestica by 20.2% during the 4th quarter. Invesco Ltd. now owns 2,942,816 shares of the technology company's stock worth $271,622,000 after acquiring an additional 494,542 shares during the period. Finally, Norges Bank bought a new position in shares of Celestica in the fourth quarter worth $139,008,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Analysts Set New Price Targets

CLS has been the subject of several research analyst reports. TD Securities upped their price objective on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Royal Bank of Canada upped their target price on Celestica from $115.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Canaccord Genuity Group boosted their price objective on Celestica from $77.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. Stifel Nicolaus raised their target price on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Finally, CIBC cut their price target on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $103.25.

Celestica Stock Up 4.4 %

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

Insider Activity at Celestica

In related news, CEO Robert Mionis sold 52,588 shares of Celestica stock in a transaction on Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $6,707,073.52. Following the completion of the sale, the chief executive officer now owns 531,417 shares of the company's stock, valued at approximately $67,776,924.18. This trade represents a 9.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alok K. Agrawal sold 6,826 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total value of $914,137.92. Following the sale, the insider now directly owns 9,224 shares of the company's stock, 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. Over the last three months, insiders have sold 934,381 shares of company stock valued at $116,673,769. Corporate insiders own 1.00% of the company's stock.

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.