Fortis Capital Advisors LLC Purchases 5,292 Shares of Celestica, Inc. $CLS

Fortis Capital Advisors LLC raised its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 240.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,492 shares of the technology company’s stock after purchasing an additional 5,292 shares during the quarter. Fortis Capital Advisors LLC’s holdings in Celestica were worth $1,846,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of CLS. Thompson Davis & CO. Inc. bought a new stake in Celestica during the 2nd quarter valued at $328,000. Y Intercept Hong Kong Ltd grew its position in shares of Celestica by 406.3% in the second quarter. Y Intercept Hong Kong Ltd now owns 52,606 shares of the technology company’s stock valued at $8,212,000 after purchasing an additional 42,215 shares in the last quarter. Light Street Capital Management LLC bought a new stake in shares of Celestica during the 2nd quarter valued at $26,422,000. TD Waterhouse Canada Inc. lifted its holdings in Celestica by 2.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 150,422 shares of the technology company’s stock worth $22,356,000 after purchasing an additional 3,221 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Celestica by 144.5% in the 3rd quarter. SG Americas Securities LLC now owns 15,940 shares of the technology company’s stock worth $3,927,000 after purchasing an additional 9,420 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Zacks Research cut Celestica from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. TD Securities set a $305.00 price objective on shares of Celestica and gave the company a “hold” rating in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of Celestica from a “hold” rating to a “buy” rating in a research note on Friday. Citigroup raised shares of Celestica from a “neutral” rating to a “buy” rating and raised their price target for the company from $212.00 to $375.00 in a report on Monday, November 10th. Finally, Barclays boosted their price target on shares of Celestica from $357.00 to $359.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $340.75.

Insiders Place Their Bets

In other news, Director Laurette T. Koellner purchased 6,000 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was purchased at an average price of $341.67 per share, with a total value of $2,050,020.00. Following the completion of the purchase, the director directly owned 6,000 shares in the company, valued at approximately $2,050,020. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.52% of the stock is owned by insiders.

Celestica Price Performance

Shares of NYSE:CLS opened at $308.04 on Tuesday. The company’s fifty day moving average price is $309.44 and its 200-day moving average price is $263.74. The firm has a market capitalization of $35.44 billion, a price-to-earnings ratio of 50.01 and a beta of 1.87. Celestica, Inc. has a one year low of $58.05 and a one year 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.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, October 27th. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the firm posted $1.04 EPS. The firm’s revenue was up 27.8% compared to the same quarter last year. On average, equities research analysts anticipate that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

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.