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

Stifel Financial Corp lessened its stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 90.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 institutional investors and hedge funds have also made changes to their positions in the company. Peregrine Capital Management LLC acquired a new position in Celestica during the fourth quarter valued at approximately $30,000. Pinpoint Asset Management Ltd lifted its position in shares of Celestica by 109.6% during the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after purchasing an additional 182 shares during the last quarter. Bessemer Group Inc. acquired a new position in Celestica during the fourth quarter valued at $42,000. R Squared Ltd purchased a new stake in Celestica in the fourth quarter valued at $51,000. Finally, IFP Advisors Inc grew its holdings in shares of Celestica by 122.7% during the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock worth $62,000 after purchasing an additional 368 shares during the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CLS. Argus decreased their price target on Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. TD Securities lifted their target price on Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. increased their price objective on shares of Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. CIBC reduced their price objective on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 15th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $120.00 price target on shares of Celestica in a report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Celestica has an average rating of "Moderate Buy" and a consensus target price of $105.42.

Celestica Stock Performance

Celestica stock traded up $9.61 during midday trading on Tuesday, reaching $109.93. 6,392,503 shares of the company's stock were exchanged, compared to its average volume of 3,204,648. 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 Inc. has a 52 week low of $40.25 and a 52 week high of $144.27. The stock's 50-day simple moving average is $86.27 and its 200 day simple moving average is $95.04. The firm has a market cap of $12.75 billion, a price-to-earnings ratio of 29.39 and a beta of 1.65.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.10. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the firm earned $0.83 earnings per share. The firm's revenue was up 19.9% on a year-over-year basis. On average, analysts expect that Celestica Inc. will post 4.35 earnings per share for the current fiscal year.

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.