Neumeier Poma Investment Counsel LLC Buys 74,940 Shares of Celestica Inc. (NYSE:CLS)

Neumeier Poma Investment Counsel LLC lifted its stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 32.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 306,260 shares of the technology company's stock after purchasing an additional 74,940 shares during the period. Celestica comprises about 2.7% of Neumeier Poma Investment Counsel LLC's investment portfolio, making the stock its 16th biggest holding. Neumeier Poma Investment Counsel LLC owned about 0.26% of Celestica worth $28,268,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cornerstone Wealth Management LLC acquired a new position in Celestica in the fourth quarter valued at approximately $385,000. Quantbot Technologies LP grew its position in shares of Celestica by 120.9% during the third quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company's stock worth $5,299,000 after acquiring an additional 56,732 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Celestica during the 4th quarter valued at about $47,685,000. Schechter Investment Advisors LLC bought a new position in Celestica in the 4th quarter worth about $294,000. Finally, XTX Topco Ltd acquired a new stake in shares of Celestica in the third quarter valued at approximately $1,580,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CLS shares. CIBC raised Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 price objective for the company in a report on Friday, January 31st. TD Securities raised their price target on Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. Royal Bank of Canada raised their target price on shares of Celestica from $115.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. assumed coverage on shares of Celestica in a research note on Friday, February 21st. They issued an "overweight" rating and a $166.00 price target for the company. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $110.83.

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Celestica Trading Down 2.2 %

Shares of Celestica stock traded down $1.83 on Friday, reaching $82.56. 3,977,992 shares of the company were exchanged, compared to its average volume of 2,870,805. Celestica Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $144.27. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of 22.07 and a beta of 2.21. 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 stock has a fifty day moving average price of $108.09 and a 200-day moving average price of $88.07.

Insider Buying and Selling

In related news, President Todd C. Cooper sold 9,538 shares of the company's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $1,216,476.52. Following the transaction, the president now directly owns 175,426 shares of the company's stock, valued at approximately $22,373,832.04. The trade was a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert Mionis sold 75,000 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $141.29, for a total value of $10,596,750.00. Following the sale, the chief executive officer now owns 456,417 shares of the company's stock, valued at $64,487,157.93. The trade was a 14.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 959,381 shares of company stock valued at $119,142,019. Company insiders own 1.00% of the company's stock.

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.