Celestica, Inc. $CLS Shares Sold by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. reduced its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 14.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,862 shares of the technology company’s stock after selling 4,626 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Celestica were worth $6,865,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp lifted its stake in Celestica by 1,103.8% in the first quarter. Jones Financial Companies Lllp now owns 24,486 shares of the technology company’s stock valued at $1,930,000 after buying an additional 22,452 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new stake in shares of Celestica during the second quarter worth about $328,000. Y Intercept Hong Kong Ltd raised its stake in Celestica by 406.3% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 52,606 shares of the technology company’s stock valued at $8,212,000 after acquiring an additional 42,215 shares during the last quarter. Fortis Capital Advisors LLC purchased a new position in shares of Celestica in the 2nd quarter valued at approximately $343,000. Finally, Light Street Capital Management LLC purchased a new stake in shares of Celestica during the second quarter worth approximately $26,422,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Stock Performance

NYSE CLS opened at $295.88 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. Celestica, Inc. has a fifty-two week low of $58.05 and a fifty-two week high of $363.40. The business has a fifty day moving average of $316.66 and a 200-day moving average of $243.40. The stock has a market cap of $34.04 billion, a price-to-earnings ratio of 48.03 and a beta of 1.87.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 EPS. As a group, analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Laurette T. Koellner acquired 6,000 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were acquired at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the acquisition, the director directly owned 6,000 shares in the company, valued at approximately $2,050,020. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.52% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CLS. New Street Research set a $400.00 price target on shares of Celestica in a report on Wednesday, October 29th. JPMorgan Chase & Co. raised their target price on Celestica from $295.00 to $360.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. The Goldman Sachs Group raised their price objective on shares of Celestica from $340.00 to $440.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Royal Bank Of Canada upped their target price on shares of Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Finally, CIBC upped their price target on Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $336.13.

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.