Bank of Montreal Can Raises Holdings in Celestica Inc. (NYSE:CLS)

Bank of Montreal Can grew its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,150,806 shares of the technology company’s stock after buying an additional 9,462 shares during the period. Bank of Montreal Can’s holdings in Celestica were worth $68,470,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position 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 valued at $391,147,000 after buying an additional 8,368,293 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Celestica by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 4,331,184 shares of the technology company’s stock worth $194,643,000 after purchasing an additional 64,658 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in Celestica by 72.9% during the 4th quarter. Point72 Asset Management L.P. now owns 3,386,709 shares of the technology company’s stock worth $99,163,000 after purchasing an additional 1,428,071 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Celestica by 0.3% during the 1st quarter. Acadian Asset Management LLC now owns 2,640,877 shares of the technology company’s stock worth $118,730,000 after purchasing an additional 7,335 shares in the last quarter. Finally, WCM Investment Management LLC lifted its holdings in Celestica by 4.6% during the 1st quarter. WCM Investment Management LLC now owns 2,398,352 shares of the technology company’s stock worth $107,782,000 after purchasing an additional 105,943 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Price Performance

Shares of NYSE CLS opened at $50.00 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $5.94 billion, a P/E ratio of 18.66 and a beta of 2.29. The stock’s 50-day simple moving average is $49.95 and its two-hundred day simple moving average is $50.59. Celestica Inc. has a twelve month low of $20.87 and a twelve month high of $63.49.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.81 by $0.10. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.25 billion. Celestica had a return on equity of 19.96% and a net margin of 4.16%. The company’s revenue was up 23.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 EPS. As a group, equities analysts anticipate that Celestica Inc. will post 3.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. CIBC increased their price objective on Celestica from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. StockNews.com cut Celestica from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Canaccord Genuity Group upped their target price on Celestica from $53.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, BMO Capital Markets upped their target price on Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Celestica presently has a consensus rating of “Moderate Buy” and an average target price of $58.38.

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.