Guyasuta Investment Advisors Inc. Cuts Stock Holdings in Celestica, Inc. $CLS

Guyasuta Investment Advisors Inc. reduced its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 10.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,890 shares of the technology company’s stock after selling 2,972 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Celestica were worth $7,358,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Sage Investment Counsel LLC purchased a new stake in Celestica during the 4th quarter worth approximately $224,000. Burney Co. purchased a new stake in Celestica during the 4th quarter worth approximately $261,000. U.S. Capital Wealth Advisors LLC purchased a new stake in Celestica during the 4th quarter worth approximately $981,000. Choreo LLC increased its stake in Celestica by 29.9% during the 4th quarter. Choreo LLC now owns 1,833 shares of the technology company’s stock worth $549,000 after buying an additional 422 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Celestica by 20.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 41,729 shares of the technology company’s stock worth $12,336,000 after purchasing an additional 6,960 shares during the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Celestica

In related news, insider Yann L. Etienvre sold 86,229 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $287.45, for a total value of $24,786,526.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Jason Phillips sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $308.92, for a total value of $30,892,000.00. Following the completion of the transaction, the president owned 12,584 shares in the company, valued at $3,887,449.28. This represents a 88.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 297,923 shares of company stock worth $88,027,459. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Aletheia Capital boosted their target price on Celestica from $330.00 to $410.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Wall Street Zen upgraded Celestica from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Royal Bank Of Canada restated an “outperform” rating and set a $400.00 target price on shares of Celestica in a report on Thursday, January 22nd. Barclays boosted their target price on Celestica from $359.00 to $391.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Finally, Canadian Imperial Bank of Commerce lowered their target price on Celestica from $400.00 to $360.00 and set an “outperform” rating on the stock in a report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $355.39.

Celestica Trading Down 0.2%

Shares of Celestica stock opened at $350.64 on Monday. The stock has a market cap of $40.31 billion, a P/E ratio of 48.84 and a beta of 1.88. The stock’s 50 day simple moving average is $285.75 and its 200-day simple moving average is $295.57. Celestica, Inc. has a 1-year low of $75.15 and a 1-year high of $363.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.44 and a quick ratio of 0.88.

Celestica Company Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.