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

Forte Capital LLC ADV grew its holdings in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 5.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,146 shares of the technology company's stock after purchasing an additional 6,455 shares during the quarter. Celestica comprises about 1.3% of Forte Capital LLC ADV's portfolio, making the stock its 24th biggest position. Forte Capital LLC ADV owned approximately 0.11% of Celestica worth $11,551,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CLS. Creative Planning lifted its stake in shares of Celestica by 36.1% in the 3rd quarter. Creative Planning now owns 10,240 shares of the technology company's stock valued at $523,000 after purchasing an additional 2,714 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Celestica by 63.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 158,242 shares of the technology company's stock worth $8,089,000 after buying an additional 61,135 shares during the period. Whittier Trust Co. raised its stake in Celestica by 8.4% during the 3rd quarter. Whittier Trust Co. now owns 7,867 shares of the technology company's stock worth $402,000 after buying an additional 608 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in Celestica by 26.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company's stock worth $67,000 after buying an additional 275 shares during the period. Finally, Private Advisor Group LLC acquired a new position in Celestica during the 3rd quarter worth approximately $934,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Canaccord Genuity Group upped their price target on Celestica from $77.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. Stifel Nicolaus upped their price target on Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday. Cibc World Mkts raised Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. CIBC raised Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 price target on the stock in a research note on Friday, January 31st. Finally, TD Securities boosted their price objective on Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $110.83.

Insider Activity at Celestica

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 transaction of $2,468,250.00. Following the sale, the director now owns 1,784 shares in the company, valued at $176,134.32. This represents a 93.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Todd C. Cooper sold 9,538 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 $1,216,476.52. Following the sale, the president now owns 175,426 shares in the company, valued at approximately $22,373,832.04. This represents a 5.16 % 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. Insiders own 1.00% of the company's stock.

Celestica Stock Performance

Shares of CLS stock traded down $5.61 during trading on Friday, hitting $119.41. The company's stock had a trading volume of 4,461,770 shares, compared to its average volume of 4,805,599. The company has a market cap of $13.89 billion, a PE ratio of 31.93 and a beta of 2.27. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average of $110.78 and a 200-day moving average of $80.16. Celestica Inc. has a 52 week low of $38.80 and a 52 week high of $144.27.

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.