Bank of Montreal Can Purchases 9,462 Shares of Celestica Inc. (NYSE:CLS)

Bank of Montreal Can grew its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,150,806 shares of the technology company’s stock after acquiring an additional 9,462 shares during the quarter. Bank of Montreal Can owned about 0.97% of Celestica worth $68,470,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Magnetar Financial LLC bought a new stake in shares of Celestica during the second quarter valued at approximately $359,000. EverSource Wealth Advisors LLC increased its holdings in shares of Celestica by 560.3% during the second quarter. EverSource Wealth Advisors LLC now owns 3,724 shares of the technology company’s stock valued at $195,000 after acquiring an additional 3,160 shares in the last quarter. Sei Investments Co. grew its holdings in Celestica by 18.9% during the second quarter. Sei Investments Co. now owns 48,230 shares of the technology company’s stock worth $2,765,000 after buying an additional 7,670 shares in the last quarter. Elite Wealth Management Inc. grew its holdings in Celestica by 261.9% during the second quarter. Elite Wealth Management Inc. now owns 201,452 shares of the technology company’s stock worth $11,549,000 after buying an additional 145,790 shares in the last quarter. Finally, Trust Investment Advisors bought a new stake in Celestica during the second quarter worth $1,390,000. Institutional investors own 67.38% of the company’s stock.

Celestica Stock Up 0.7 %

Shares of NYSE:CLS opened at $50.00 on Wednesday. The company has a market capitalization of $5.94 billion, a PE ratio of 18.66 and a beta of 2.29. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.86. The business has a fifty day moving average price of $49.95 and a two-hundred day moving average price of $50.59. Celestica Inc. has a 1 year low of $20.87 and a 1 year 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.10. The firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.25 billion. Celestica had a return on equity of 19.96% and a net margin of 4.16%. The business’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. Analysts forecast that Celestica Inc. will post 3.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

CLS has been the subject of several recent research reports. Royal Bank of Canada upped their price target on Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Canaccord Genuity Group upped their price target on Celestica from $53.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com downgraded Celestica from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. BMO Capital Markets upped their price target on Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. Finally, Stifel Nicolaus upgraded Celestica from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Monday, September 9th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and an average target price of $58.38.

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.