Celestica Inc. (NYSE:CLS) Position Increased by Forte Capital LLC ADV

Forte Capital LLC ADV raised its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 1,034.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,691 shares of the technology company’s stock after purchasing an additional 108,233 shares during the period. Forte Capital LLC ADV owned about 0.10% of Celestica worth $6,067,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its stake in Celestica by 40.0% during the third quarter. Van ECK Associates Corp now owns 67,266 shares of the technology company’s stock valued at $3,439,000 after purchasing an additional 19,221 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in Celestica by 52.7% during the third quarter. Harbor Capital Advisors Inc. now owns 61,478 shares of the technology company’s stock valued at $3,143,000 after purchasing an additional 21,228 shares during the last quarter. Gladstone Institutional Advisory LLC boosted its holdings in shares of Celestica by 34.4% during the third quarter. Gladstone Institutional Advisory LLC now owns 9,179 shares of the technology company’s stock valued at $469,000 after acquiring an additional 2,348 shares during the period. Bay Rivers Group boosted its holdings in shares of Celestica by 4.2% during the third quarter. Bay Rivers Group now owns 20,338 shares of the technology company’s stock valued at $1,040,000 after acquiring an additional 821 shares during the period. Finally, FCG Investment Co acquired a new position in shares of Celestica during the third quarter valued at $1,115,000. Institutional investors own 67.38% of the company’s stock.

Celestica Trading Up 7.1 %

Shares of Celestica stock opened at $81.02 on Thursday. The company’s fifty day simple moving average is $55.59 and its 200-day simple moving average is $53.86. The company has a market cap of $9.61 billion, a price-to-earnings ratio of 25.72 and a beta of 2.24. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 1 year low of $24.37 and a 1 year high of $81.07.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the previous year, the company earned $0.65 earnings per share. The business’s revenue was up 24.8% compared to the same quarter last year. As a group, sell-side analysts expect that Celestica Inc. will post 3.44 EPS for the current year.

Analysts Set New Price Targets

CLS has been the subject of several analyst reports. TD Cowen boosted their price target on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. CIBC boosted their price target on shares of Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Barclays initiated coverage on shares of Celestica in a report on Tuesday. They set an “overweight” rating and a $91.00 price target for the company. BMO Capital Markets boosted their price target on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, TD Securities upped their price objective on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.10.

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.