Forte Capital LLC ADV Has $6.07 Million Stake in Celestica Inc. (NYSE:CLS)

Forte Capital LLC ADV lifted its holdings in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 1,034.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 0.10% of Celestica worth $6,067,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Celestica by 2,494.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,703,742 shares of the technology company's stock worth $391,147,000 after buying an additional 8,368,293 shares during the period. Driehaus Capital Management LLC grew its position in shares of Celestica by 19,876.9% in the second quarter. Driehaus Capital Management LLC now owns 1,164,653 shares of the technology company's stock valued at $66,770,000 after purchasing an additional 1,158,823 shares during the last quarter. Hennessy Advisors Inc. bought a new position in shares of Celestica in the second quarter worth about $10,491,000. Twin Tree Management LP acquired a new position in shares of Celestica during the 1st quarter worth about $7,504,000. Finally, Shellback Capital LP boosted its stake in Celestica by 136.5% during the 2nd quarter. Shellback Capital LP now owns 260,153 shares of the technology company's stock valued at $14,915,000 after purchasing an additional 150,153 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Price Performance

Shares of NYSE:CLS traded up $4.35 on Thursday, hitting $85.35. The stock had a trading volume of 3,781,633 shares, compared to its average volume of 2,284,707. The company has a market capitalization of $10.12 billion, a price-to-earnings ratio of 26.69 and a beta of 2.24. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The firm's 50 day moving average price is $55.59 and its 200-day moving average price is $53.86. Celestica Inc. has a twelve month low of $24.37 and a twelve month high of $85.67.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $2.41 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. The company's quarterly revenue was up 24.8% compared to the same quarter last year. On average, equities research analysts predict that Celestica Inc. will post 3.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

CLS has been the subject of a number of research analyst reports. StockNews.com lowered Celestica from a "buy" rating to a "hold" rating in a report on Friday, August 2nd. CIBC upped their price objective on shares of Celestica from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, July 26th. Barclays initiated coverage on shares of Celestica in a research note on Tuesday. They issued an "overweight" rating and a $91.00 target price for the company. Stifel Nicolaus boosted their price target on Celestica from $58.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, BMO Capital Markets raised their price objective on Celestica from $64.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.