Fox Run Management L.L.C. Buys New Position in Celestica, Inc. $CLS

Fox Run Management L.L.C. purchased a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,829 shares of the technology company’s stock, valued at approximately $1,929,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC raised its holdings in shares of Celestica by 102.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after purchasing an additional 83 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Celestica by 42.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock worth $31,000 after buying an additional 37 shares during the last quarter. First Horizon Corp acquired a new position in Celestica in the third quarter worth approximately $31,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Celestica in the second quarter valued at $40,000. Finally, Avion Wealth bought a new position in shares of Celestica in the third quarter valued at $40,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Trading Down 0.1%

NYSE:CLS opened at $296.46 on Wednesday. The stock has a market cap of $34.10 billion, a PE ratio of 41.29 and a beta of 1.86. Celestica, Inc. has a fifty-two week low of $58.05 and a fifty-two week high of $363.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.88. The stock’s 50-day moving average is $300.08 and its two-hundred day moving average is $281.05.

Insider Activity at Celestica

In other Celestica news, insider Yann L. Etienvre sold 86,229 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $287.45, for a total value of $24,786,526.05. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President Jason Phillips sold 100,000 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $308.92, for a total transaction of $30,892,000.00. Following the completion of the sale, the president owned 12,584 shares of the company’s stock, valued at approximately $3,887,449.28. The trade was a 88.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 297,923 shares of company stock valued at $88,027,459. Corporate insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CLS shares. UBS Group raised their price objective on Celestica from $208.00 to $350.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. lifted their price target on Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. New Street Research set a $400.00 price objective on Celestica in a report on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Celestica in a report on Wednesday, January 21st. Finally, The Goldman Sachs Group boosted their price target on shares of Celestica from $340.00 to $440.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and an average price target of $356.59.

Celestica Company Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.