Stifel Financial Corp Purchases 102,514 Shares of Celestica Inc. (NYSE:CLS)

Stifel Financial Corp grew its stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 2,107.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,379 shares of the technology company's stock after acquiring an additional 102,514 shares during the period. Stifel Financial Corp owned about 0.09% of Celestica worth $5,489,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CLS. SG Americas Securities LLC grew its holdings in Celestica by 276.6% during the 2nd quarter. SG Americas Securities LLC now owns 18,935 shares of the technology company's stock worth $1,086,000 after acquiring an additional 13,907 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Celestica during the 2nd quarter worth $218,000. Blue Trust Inc. grew its holdings in Celestica by 422.8% during the 2nd quarter. Blue Trust Inc. now owns 7,314 shares of the technology company's stock worth $419,000 after acquiring an additional 5,915 shares in the last quarter. Raymond James & Associates grew its holdings in Celestica by 79.7% during the 2nd quarter. Raymond James & Associates now owns 108,930 shares of the technology company's stock worth $6,245,000 after acquiring an additional 48,323 shares in the last quarter. Finally, Bay Rivers Group grew its holdings in Celestica by 1.9% during the 2nd quarter. Bay Rivers Group now owns 19,517 shares of the technology company's stock worth $1,119,000 after acquiring an additional 370 shares in the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Performance

NYSE:CLS traded up $8.19 during mid-day trading on Friday, hitting $99.20. The stock had a trading volume of 4,118,795 shares, compared to its average volume of 2,287,013. The stock has a market capitalization of $11.54 billion, a price-to-earnings ratio of 31.49 and a beta of 2.27. The company has a 50 day simple moving average of $76.65 and a 200-day simple moving average of $61.10. Celestica Inc. has a 52 week low of $26.62 and a 52 week high of $99.34. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.11. The firm had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The company's revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 earnings per share. On average, research analysts expect that Celestica Inc. will post 3.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on CLS shares. UBS Group assumed coverage on shares of Celestica in a report on Friday, November 22nd. They set a "neutral" rating and a $95.00 price objective for the company. Royal Bank of Canada raised their price target on shares of Celestica from $65.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. BMO Capital Markets raised their price target on shares of Celestica from $64.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Stifel Nicolaus raised their price target on shares of Celestica from $70.00 to $100.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Finally, Barclays assumed coverage on shares of Celestica in a research report on Tuesday, November 5th. They issued an "overweight" rating and a $91.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $74.18.

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.