Guyasuta Investment Advisors Inc. Cuts Stock Position in Celestica Inc. (NYSE:CLS)

Guyasuta Investment Advisors Inc. lessened its stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 9.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (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. owned 0.06% of Celestica worth $6,513,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Optimum Investment Advisors increased its position in Celestica by 66.7% during the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company's stock valued at $26,000 after purchasing an additional 200 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position 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 valued at $67,000 after purchasing an additional 275 shares during the period. UMB Bank n.a. increased its position in Celestica by 43.6% during the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company's stock valued at $88,000 after purchasing an additional 288 shares during the period. Pier Capital LLC increased its position in Celestica by 0.4% during the 3rd quarter. Pier Capital LLC now owns 93,055 shares of the technology company's stock valued at $4,757,000 after purchasing an additional 335 shares during the period. Finally, Cerity Partners LLC increased its position in Celestica by 3.2% during 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 period. Hedge funds and other institutional investors own 67.38% of the company's stock.

Celestica Stock Performance

CLS traded up $0.25 during trading on Tuesday, reaching $132.31. 3,549,176 shares of the company's stock were exchanged, compared to its average volume of 4,886,022. Celestica Inc. has a 1 year low of $36.11 and a 1 year high of $144.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The stock has a market capitalization of $15.40 billion, a P/E ratio of 35.38 and a beta of 2.27. The company's fifty day simple moving average is $107.98 and its 200-day simple moving average is $78.37.

Wall Street Analysts Forecast Growth

CLS has been the topic of a number of research reports. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. CIBC upgraded shares of Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 price target on the stock in a report on Friday, January 31st. TD Securities raised their price target on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Barclays lifted their target price on shares of Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Finally, Stifel Nicolaus assumed coverage on shares of Celestica in a research note on Tuesday, February 4th. They issued a "buy" rating and a $140.00 target price for the company. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Celestica has an average rating of "Moderate Buy" and a consensus price target of $104.91.

Insiders Place Their Bets

In other news, insider Alok K. Agrawal sold 6,826 shares of Celestica stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total transaction of $914,137.92. Following the completion of the transaction, the insider now directly owns 9,224 shares of the company's stock, valued at $1,235,278.08. The trade was a 42.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Todd C. Cooper sold 65,000 shares of Celestica stock in a transaction that occurred on Friday, February 7th. The shares were 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 of the company's stock, valued at approximately $14,331,086.28. This trade represents a 37.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders 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.