EAM Investors LLC Takes $1.46 Million Position in Celestica Inc. (NYSE:CLS)

EAM Investors LLC purchased a new stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,774 shares of the technology company's stock, valued at approximately $1,455,000.

A number of other hedge funds have also recently bought and sold shares of CLS. Peregrine Capital Management LLC bought a new position in shares of Celestica in the fourth quarter valued at $30,000. Pinpoint Asset Management Ltd lifted its stake in Celestica by 109.6% in the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after acquiring an additional 182 shares during the last quarter. Bessemer Group Inc. bought a new position in shares of Celestica in the 4th quarter valued at about $42,000. R Squared Ltd acquired a new position in shares of Celestica during the 4th quarter worth about $51,000. Finally, IFP Advisors Inc increased its stake in shares of Celestica by 122.7% during the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock worth $62,000 after purchasing an additional 368 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CLS has been the subject of a number of research analyst reports. Cibc World Mkts upgraded Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. Barclays boosted their target price on Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Royal Bank of Canada increased their price target on Celestica from $115.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price objective on shares of Celestica from $166.00 to $105.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, TD Securities increased their price objective on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Two 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's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $103.25.

Celestica Stock Performance

Celestica stock traded down $3.67 during midday trading on Monday, hitting $80.37. The company's stock had a trading volume of 1,177,180 shares, compared to its average volume of 3,085,018. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The company has a market cap of $9.32 billion, a price-to-earnings ratio of 21.49 and a beta of 2.09. Celestica Inc. has a 1-year low of $40.25 and a 1-year high of $144.27. The company has a 50-day moving average price of $93.69 and a two-hundred day moving average price of $91.46.

Insider Transactions at Celestica

In related news, insider Yann L. Etienvre sold 83,179 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.28, for a total value of $10,171,128.12. Following the transaction, the insider now owns 9,224 shares in the company, valued at approximately $1,127,910.72. This trade represents a 90.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Todd C. Cooper sold 9,538 shares of the company's stock in a transaction dated 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 sale, the president now directly owns 175,426 shares of the company's stock, valued at $22,373,832.04. This represents a 5.16 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 934,381 shares of company stock valued at $116,673,769. 1.00% of the stock is currently owned by company 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.