Forte Capital LLC ADV Grows Stock Position in Celestica Inc. (NYSE:CLS)

Forte Capital LLC ADV grew its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,146 shares of the technology company’s stock after buying an additional 6,455 shares during the quarter. Celestica accounts for about 1.3% of Forte Capital LLC ADV’s investment portfolio, making the stock its 24th largest holding. Forte Capital LLC ADV owned about 0.11% of Celestica worth $11,551,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Whale Rock Capital Management LLC boosted its stake in shares of Celestica by 13.0% during the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock valued at $432,846,000 after buying an additional 975,163 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Celestica during the 3rd quarter valued at approximately $61,210,000. Point72 Asset Management L.P. boosted its stake in shares of Celestica by 38.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock valued at $55,451,000 after buying an additional 301,563 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of Celestica by 25.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 536,249 shares of the technology company’s stock valued at $27,413,000 after buying an additional 109,972 shares during the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd boosted its stake in shares of Celestica by 53.8% during the 3rd quarter. Broad Peak Investment Advisers Pte Ltd now owns 524,245 shares of the technology company’s stock valued at $26,799,000 after buying an additional 183,300 shares during the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price for the company in a research note on Friday, January 31st. Royal Bank of Canada raised their price objective on Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Barclays raised their price objective on Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Finally, UBS Group assumed coverage on Celestica in a research note on Friday, November 22nd. They set a “neutral” rating and a $95.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Celestica has an average rating of “Moderate Buy” and an average target price of $105.82.

Celestica Price Performance

Shares of NYSE CLS opened at $124.82 on Friday. Celestica Inc. has a 1-year low of $36.11 and a 1-year high of $144.27. 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 business’s fifty day moving average price is $110.38 and its two-hundred day moving average price is $79.66. The firm has a market capitalization of $14.52 billion, a PE ratio of 33.37 and a beta of 2.27.

Insiders Place Their Bets

In other Celestica news, Director Michael Wilson sold 25,000 shares of the stock in a transaction 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 sale, the director now directly owns 1,784 shares of the company’s stock, valued at $176,134.32. This trade represents a 93.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert Mionis sold 52,588 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $6,707,073.52. Following the completion of the sale, the chief executive officer now directly owns 531,417 shares in the company, valued at $67,776,924.18. This represents a 9.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 959,381 shares of company stock valued at $119,142,019 over the last three months. Company insiders own 1.00% of the company’s stock.

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.