Fox Run Management L.L.C. Trims Stake in Celestica Inc. (NYSE:CLS)

Fox Run Management L.L.C. decreased its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 26.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,350 shares of the technology company’s stock after selling 6,244 shares during the period. Fox Run Management L.L.C.’s holdings in Celestica were worth $1,601,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Peregrine Capital Management LLC purchased a new stake in Celestica during the 4th quarter worth about $30,000. R Squared Ltd acquired a new stake in shares of Celestica during the 4th quarter worth about $51,000. IFP Advisors Inc grew its holdings in shares of Celestica by 122.7% during the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock worth $62,000 after buying an additional 368 shares in the last quarter. Private Trust Co. NA raised its position in shares of Celestica by 480.0% in the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after buying an additional 720 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Celestica by 43.6% during the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock valued at $88,000 after buying an additional 288 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on CLS shares. UBS Group initiated coverage on Celestica in a report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price target for the company. Canaccord Genuity Group upped their target price on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, December 20th. TD Securities raised their price target on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Royal Bank of Canada lifted their price target on Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Barclays increased their price objective on shares of Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $110.83.

Celestica Stock Performance

Shares of CLS stock opened at $96.09 on Friday. 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 $11.18 billion, a PE ratio of 25.69 and a beta of 2.21. The company’s fifty day simple moving average is $109.74 and its 200-day simple moving average is $86.17. Celestica Inc. has a 52 week low of $40.25 and a 52 week high of $144.27.

Insider Activity at Celestica

In other Celestica news, Director Michael Wilson sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $98.73, for a total value of $2,468,250.00. Following the completion of the transaction, the director now owns 1,784 shares in the company, valued at $176,134.32. This represents a 93.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alok K. Agrawal sold 6,826 shares of Celestica stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total transaction of $914,137.92. Following the sale, the insider now owns 9,224 shares in the company, valued at $1,235,278.08. This represents a 42.53 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 959,381 shares of company stock worth $119,142,019. Corporate insiders own 1.00% of the company’s stock.

Celestica 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.