Stifel Financial Corp Has $5.49 Million Stock Position in Celestica Inc. (NYSE:CLS)

Stifel Financial Corp grew its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 2,107.2% in the third quarter, HoldingsChannel reports. The fund owned 107,379 shares of the technology company’s stock after acquiring an additional 102,514 shares during the period. Stifel Financial Corp’s holdings in Celestica were worth $5,489,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Optimum Investment Advisors raised its position in Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Truist Financial Corp increased its position in Celestica by 2.0% in the second quarter. Truist Financial Corp now owns 11,008 shares of the technology company’s stock worth $631,000 after purchasing an additional 214 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Celestica by 26.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company’s stock worth $67,000 after purchasing an additional 275 shares during the last quarter. Creative Planning lifted its position in Celestica by 4.7% during the 2nd quarter. Creative Planning now owns 7,526 shares of the technology company’s stock valued at $431,000 after purchasing an additional 336 shares during the period. Finally, Cerity Partners LLC boosted its stake in shares of Celestica by 3.2% in the 3rd quarter. Cerity Partners LLC now owns 10,772 shares of the technology company’s stock valued at $551,000 after purchasing an additional 338 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Stock Up 9.0 %

Celestica stock opened at $99.20 on Friday. Celestica Inc. has a twelve month low of $26.62 and a twelve month high of $99.34. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average of $76.65 and a 200-day moving average of $61.10. The stock has a market capitalization of $11.54 billion, a PE ratio of 31.49 and a beta of 2.27.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.11. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.41 billion. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. On average, equities research analysts anticipate that Celestica Inc. will post 3.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on CLS. UBS Group started coverage on shares of Celestica in a report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price objective on the stock. BMO Capital Markets raised their price target on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Barclays began coverage on Celestica in a report on Tuesday, November 5th. They issued an “overweight” rating and a $91.00 price objective for the company. Royal Bank of Canada boosted their target price on Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, TD Cowen increased their price target on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Celestica has an average rating of “Moderate Buy” and a consensus target price of $74.18.

Celestica 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.