William Blair Investment Management LLC Makes New $2.80 Million Investment in Celestica Inc. (NYSE:CLS)

William Blair Investment Management LLC acquired a new stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 30,308 shares of the technology company's stock, valued at approximately $2,797,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Peregrine Capital Management LLC acquired a new position in shares of Celestica in the 4th quarter valued at approximately $30,000. Private Trust Co. NA raised its holdings in shares of Celestica by 480.0% during the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company's stock worth $44,000 after buying an additional 720 shares in the last quarter. R Squared Ltd acquired a new stake in Celestica in the fourth quarter valued at about $51,000. IFP Advisors Inc grew its position in Celestica by 122.7% in the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock valued at $62,000 after acquiring an additional 368 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in Celestica by 43.6% during the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company's stock worth $88,000 after acquiring an additional 288 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Stock Up 4.1 %

Shares of NYSE:CLS traded up $3.95 during midday trading on Monday, hitting $99.90. 3,006,421 shares of the company's stock were exchanged, compared to its average volume of 2,739,970. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. Celestica Inc. has a 12 month low of $40.25 and a 12 month high of $144.27. The company has a market cap of $11.58 billion, a PE ratio of 26.71 and a beta of 2.21. The stock has a 50 day moving average price of $109.74 and a 200-day moving average price of $86.72.

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Insider Buying and Selling

In other news, CEO Robert Mionis sold 52,588 shares of the firm'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 $6,707,073.52. Following the completion of the sale, the chief executive officer now directly owns 531,417 shares of the company's stock, valued at $67,776,924.18. This trade represents a 9.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Todd C. Cooper sold 65,000 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the sale, the president now owns 110,426 shares of the company's stock, valued at $14,331,086.28. This trade represents a 37.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 959,381 shares of company stock worth $119,142,019. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Canaccord Genuity Group raised their price target on shares of Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, December 20th. Cibc World Mkts upgraded Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Stifel Nicolaus lifted their price target on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. started coverage on shares of Celestica in a research report on Friday, February 21st. They set an "overweight" rating and a $166.00 target price on the stock. Finally, Barclays upped their price target on shares of Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. 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 company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $110.83.

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.