Celestica Inc. (NYSE:CLS) Position Cut by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. trimmed its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 9.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,559 shares of the technology company’s stock after selling 7,521 shares during the quarter. Guyasuta Investment Advisors Inc. owned about 0.06% of Celestica worth $6,513,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Nations Financial Group Inc. IA ADV grew its holdings in Celestica by 2.9% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 15,902 shares of the technology company’s stock worth $1,468,000 after buying an additional 447 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in Celestica in the fourth quarter worth approximately $329,000. Roman Butler Fullerton & Co. acquired a new stake in Celestica in the fourth quarter worth approximately $2,102,000. Vontobel Holding Ltd. acquired a new stake in Celestica in the fourth quarter worth approximately $304,000. Finally, Van ECK Associates Corp lifted its position in 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 owned by institutional investors.

Celestica Trading Up 1.8 %

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 company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $15.38 billion, a PE ratio of 35.34 and a beta of 2.27. The firm’s fifty day simple moving average is $107.15 and its 200-day simple moving average is $77.41.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CLS shares. Canaccord Genuity Group upped their target price on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. TD Cowen increased their price objective on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective for the company in a research report on Friday, January 31st. Barclays increased their price objective on Celestica from $139.00 to $157.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, BMO Capital Markets increased their price objective on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $104.91.

Insider Transactions at Celestica

In other Celestica news, CEO Robert Mionis sold 441,325 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.28, for a total transaction of $53,965,221.00. Following the transaction, the chief executive officer now directly owns 531,417 shares of the company’s stock, valued at $64,981,670.76. This represents a 45.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Todd C. Cooper sold 65,000 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the transaction, the president now directly owns 110,426 shares in the company, valued at $14,331,086.28. The trade was a 37.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 959,381 shares of company stock valued at $119,142,019. 1.00% of the stock is owned by insiders.

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.