Celestica, Inc. $CLS Shares Newly Bought by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. bought a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the third quarter, Holdings Channel reports. The fund bought 1,672 shares of the technology company’s stock, valued at approximately $606,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CLS. Cibc World Market Inc. purchased a new position in shares of Celestica during the second quarter valued at approximately $757,811,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Celestica in the 2nd quarter worth approximately $674,199,000. Royal Bank of Canada grew its stake in shares of Celestica by 13.8% in the 1st quarter. Royal Bank of Canada now owns 1,283,561 shares of the technology company’s stock worth $361,553,000 after buying an additional 156,040 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of Celestica in the 2nd quarter worth approximately $444,899,000. Finally, The Manufacturers Life Insurance Company bought a new position in Celestica during the 2nd quarter valued at approximately $351,717,000. Institutional investors own 67.38% of the company’s stock.

Celestica Stock Performance

CLS stock traded up $10.25 on Tuesday, hitting $357.75. The company had a trading volume of 2,028,173 shares, compared to its average volume of 2,398,816. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. Celestica, Inc. has a 12-month low of $238.23 and a 12-month high of $474.02. The stock has a market cap of $41.13 billion, a price-to-earnings ratio of 37.19 and a beta of 2.01. The stock’s 50-day simple moving average is $334.16 and its 200 day simple moving average is $349.60.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%. The firm had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the business posted $1.39 EPS. The company’s revenue for the quarter was up 62.4% on a year-over-year basis. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. As a group, equities research analysts expect that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Celestica news, President Todd Cooper sold 20,118 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $360.00, for a total value of $7,242,480.00. Following the transaction, the president directly owned 73,252 shares in the company, valued at approximately $26,370,720. This trade represents a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mandeep Chawla sold 16,117 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total value of $5,952,330.44. Following the completion of the sale, the chief financial officer owned 65,444 shares of the company’s stock, valued at $24,169,778.08. This trade represents a 19.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 243,067 shares of company stock valued at $89,200,967. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CLS shares. Weiss Ratings cut Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. UBS Group raised Celestica from a “neutral” rating to a “buy” rating and increased their target price for the stock from $410.00 to $430.00 in a research note on Monday, August 24th. Royal Bank Of Canada set a $450.00 target price on Celestica and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Wall Street Zen downgraded Celestica from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. Finally, Canadian Imperial Bank of Commerce lifted their price target on Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Twenty-three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $450.50.

About Celestica

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply-chain services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.

Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.