Bank of Montreal Can Has $110.50 Million Stock Holdings in Celestica Inc. (NYSE:CLS)

Bank of Montreal Can lifted its holdings in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 8.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,198,832 shares of the technology company's stock after purchasing an additional 94,260 shares during the period. Bank of Montreal Can owned 1.03% of Celestica worth $110,496,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. FMR LLC boosted its holdings in Celestica by 91.2% in the 4th quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock valued at $1,078,804,000 after purchasing an additional 5,574,342 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Celestica by 64.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock valued at $329,460,000 after acquiring an additional 1,401,877 shares during the period. Norges Bank bought a new stake in shares of Celestica in the 4th quarter worth approximately $139,008,000. Franklin Resources Inc. grew its holdings in shares of Celestica by 290.4% during the 4th quarter. Franklin Resources Inc. now owns 1,080,568 shares of the technology company's stock worth $99,735,000 after purchasing an additional 803,780 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Celestica during the fourth quarter valued at approximately $47,685,000. Institutional investors and hedge funds own 67.38% of the company's stock.

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Celestica Trading Up 3.5 %

NYSE:CLS traded up $2.65 during trading hours on Friday, hitting $79.13. 5,844,405 shares of the stock were exchanged, compared to its average volume of 3,055,956. The company's 50 day moving average is $98.70 and its two-hundred day moving average is $90.34. The company has a market capitalization of $9.18 billion, a P/E ratio of 21.16 and a beta of 2.09. Celestica Inc. has a twelve month low of $40.25 and a twelve month high of $144.27. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CLS shares. Stifel Nicolaus boosted their price target on shares of Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Canaccord Genuity Group raised their price target on shares of Celestica from $77.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. Barclays upped their price objective on Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. TD Securities boosted their price target on Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. assumed coverage on Celestica in a research note on Friday, February 21st. They set an "overweight" rating and a $166.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $110.83.

Insider Buying and Selling

In related news, CEO Robert Mionis sold 75,000 shares of Celestica stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $141.29, for a total transaction of $10,596,750.00. Following the completion of the sale, the chief executive officer now directly owns 456,417 shares of the company's stock, valued at $64,487,157.93. The trade was a 14.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Alok K. Agrawal sold 6,826 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total value of $914,137.92. Following the completion of the transaction, the insider now directly owns 9,224 shares in the company, valued at $1,235,278.08. The trade was a 42.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 934,381 shares of company stock worth $116,673,769 over the last three months. 1.00% of the stock is currently owned by company insiders.

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.