Guyasuta Investment Advisors Inc. Sells 29,224 Shares of Celestica, Inc. (NYSE:CLS)

Guyasuta Investment Advisors Inc. decreased its holdings in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 41.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,335 shares of the technology company's stock after selling 29,224 shares during the quarter. Guyasuta Investment Advisors Inc.'s holdings in Celestica were worth $3,258,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. FMR LLC raised its stake in Celestica by 91.2% during the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock worth $1,078,804,000 after acquiring an additional 5,574,342 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Celestica by 64.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock worth $329,460,000 after acquiring an additional 1,401,877 shares in the last quarter. FIL Ltd raised its stake in Celestica by 5,976.1% during the fourth quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock worth $319,662,000 after acquiring an additional 3,406,723 shares in the last quarter. Invesco Ltd. raised its stake in Celestica by 20.2% during the fourth quarter. Invesco Ltd. now owns 2,942,816 shares of the technology company's stock worth $271,622,000 after acquiring an additional 494,542 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Celestica by 49.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,173,318 shares of the technology company's stock worth $200,601,000 after acquiring an additional 719,805 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CLS. Argus lowered their target price on Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. CIBC lowered their target price on Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 15th. BNP Paribas raised Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. JPMorgan Chase & Co. boosted their target price on Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $130.00 price objective (up previously from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $116.64.

Celestica Trading Up 0.9%

Shares of Celestica stock traded up $1.17 on Monday, hitting $136.40. The stock had a trading volume of 3,212,641 shares, compared to its average volume of 3,315,969. The stock has a 50 day moving average of $108.48 and a 200 day moving average of $103.10. Celestica, Inc. has a twelve month low of $40.25 and a twelve month high of $144.27. The firm has a market capitalization of $15.68 billion, a P/E ratio of 37.58 and a beta of 1.74. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.43.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its earnings results on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.10 by $0.10. Celestica had a return on equity of 25.57% and a net margin of 4.26%. The business had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the prior year, the business posted $0.83 earnings per share. The firm's revenue was up 19.9% on a year-over-year basis. Sell-side analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Celestica Company 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.