Guyasuta Investment Advisors Inc. Sells 7,521 Shares of Celestica Inc. (NYSE:CLS)

Guyasuta Investment Advisors Inc. cut its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 70,559 shares of the technology company’s stock after selling 7,521 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Celestica were worth $6,513,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Nations Financial Group Inc. IA ADV increased its stake in shares of Celestica by 2.9% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 15,902 shares of the technology company’s stock worth $1,468,000 after purchasing an additional 447 shares during the period. Valeo Financial Advisors LLC bought a new position in shares of Celestica in the fourth quarter worth about $329,000. Roman Butler Fullerton & Co. bought a new position in shares of Celestica in the fourth quarter worth about $2,102,000. Vontobel Holding Ltd. bought a new position in shares of Celestica in the fourth quarter worth about $304,000. Finally, Van ECK Associates Corp increased its stake in shares of Celestica by 48.2% in the fourth quarter. Van ECK Associates Corp now owns 99,684 shares of the technology company’s stock worth $9,194,000 after purchasing an additional 32,418 shares during the period. 67.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CLS has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price objective on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Barclays lifted their target price on Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research report on Thursday. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Stifel Nicolaus started coverage on Celestica in a research report on Tuesday, February 4th. They set a “buy” rating and a $140.00 target price on the stock. Finally, TD Cowen lifted their target price on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $104.91.

Insider Activity

In related news, insider Yann L. Etienvre sold 9,181 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,170,944.74. Following the completion of the transaction, the insider now owns 83,179 shares in the company, valued at $10,608,649.66. The trade was a 9.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert Mionis sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $141.29, for a total transaction of $10,596,750.00. Following the completion of the transaction, the chief executive officer now owns 456,417 shares of the company’s stock, valued at $64,487,157.93. This trade represents a 14.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 959,381 shares of company stock worth $119,142,019. Insiders own 1.00% of the company’s stock.

Celestica Stock Performance

NYSE:CLS opened at $132.16 on Friday. Celestica Inc. has a 1 year low of $36.11 and a 1 year high of $144.27. The firm has a 50 day moving average of $107.15 and a 200-day moving average of $77.41. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $15.38 billion, a P/E ratio of 35.34 and a beta of 2.27.

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.