Fox Run Management L.L.C. Trims Holdings 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% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CLS. Peregrine Capital Management LLC bought a new position in Celestica during the 4th quarter worth approximately $30,000. Private Trust Co. NA raised its position 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 valued at $44,000 after acquiring an additional 720 shares in the last quarter. R Squared Ltd bought a new position in Celestica during the fourth quarter worth $51,000. IFP Advisors Inc boosted its holdings in Celestica by 122.7% in the fourth 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 period. Finally, UMB Bank n.a. increased 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 valued at $88,000 after purchasing an additional 288 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Canaccord Genuity Group lifted their price target on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a report on Friday, December 20th. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. JPMorgan Chase & Co. started coverage on Celestica in a research report on Friday, February 21st. They set an “overweight” rating and a $166.00 price target on the stock. UBS Group initiated coverage on Celestica in a research report on Friday, November 22nd. They set a “neutral” rating and a $95.00 price objective for the company. Finally, CIBC raised Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price on the stock in a research report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $110.83.

Insider Activity

In other Celestica news, Director Michael Wilson sold 25,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the completion of the sale, the director now directly owns 1,784 shares in the company, valued at approximately $176,134.32. This trade represents a 93.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert Mionis sold 441,325 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $122.28, for a total value of $53,965,221.00. Following the completion of the transaction, the chief executive officer now owns 531,417 shares in the company, valued at $64,981,670.76. This represents a 45.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 959,381 shares of company stock worth $119,142,019. 1.00% of the stock is owned by corporate insiders.

Celestica Price Performance

Shares of CLS opened at $96.09 on Friday. The stock’s fifty day moving average is $109.74 and its 200-day moving average is $86.17. The firm has a market capitalization of $11.18 billion, a price-to-earnings ratio of 25.69 and a beta of 2.21. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47.

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.