Celestica Inc. (NYSE:CLS) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lowered its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 90.6% during the fourth quarter, Holdings Channel reports. The fund owned 10,141 shares of the technology company’s stock after selling 97,238 shares during the quarter. Stifel Financial Corp’s holdings in Celestica were worth $936,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Peregrine Capital Management LLC acquired a new stake in shares of Celestica during the fourth quarter worth $30,000. Pinpoint Asset Management Ltd boosted its stake in Celestica by 109.6% in the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock worth $32,000 after buying an additional 182 shares during the last quarter. Bessemer Group Inc. acquired a new stake in Celestica in the 4th quarter worth about $42,000. R Squared Ltd purchased a new stake in Celestica in the 4th quarter valued at about $51,000. Finally, IFP Advisors Inc increased its stake in shares of Celestica by 122.7% during the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock valued at $62,000 after acquiring an additional 368 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Stock Performance

Celestica stock opened at $93.03 on Friday. The firm has a market capitalization of $10.79 billion, a PE ratio of 24.87 and a beta of 1.65. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27. The stock’s 50 day moving average price is $85.52 and its 200 day moving average price is $94.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.10. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 earnings per share. As a group, sell-side analysts expect that Celestica Inc. will post 4.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CLS has been the topic of several research analyst reports. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Royal Bank of Canada reissued an “outperform” rating and set a $120.00 price objective on shares of Celestica in a research note on Monday, April 28th. Stifel Nicolaus lifted their target price on Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. TD Securities upped their price target on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Finally, Barclays cut their price objective on Celestica from $157.00 to $126.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $105.42.

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.