Guyasuta Investment Advisors Inc. Sells 8,847 Shares of Celestica, Inc. $CLS

Key Points

• Guyasuta Investment Advisors Inc. sold 8,847 shares of Celestica, Inc., reducing its stake by 21.4% in the second quarter, which left the firm with 32,488 shares valued at approximately $5.07 million.
• A number of brokerages have raised price targets for Celestica, with JPMorgan Chase increasing their target to $295 and several other firms also adjusting their ratings and targets upward.
• Celestica reported a net margin of 5.11% and an EPS of $1.39 for the previous quarter, surpassing expectations and reflecting a 21% increase in revenue year-over-year.

Guyasuta Investment Advisors Inc. trimmed its position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 21.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,488 shares of the technology company's stock after selling 8,847 shares during the period. Guyasuta Investment Advisors Inc.'s holdings in Celestica were worth $5,072,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Freedom Investment Management Inc. boosted its holdings in Celestica by 1.5% during the first quarter. Freedom Investment Management Inc. now owns 6,360 shares of the technology company's stock valued at $501,000 after acquiring an additional 96 shares during the period. First National Bank of Hutchinson lifted its stake in shares of Celestica by 2.5% in the first quarter. First National Bank of Hutchinson now owns 4,914 shares of the technology company's stock valued at $387,000 after buying an additional 120 shares during the period. Private Trust Co. NA lifted its stake in shares of Celestica by 14.1% in the first quarter. Private Trust Co. NA now owns 993 shares of the technology company's stock valued at $78,000 after buying an additional 123 shares during the period. Bay Rivers Group lifted its stake in shares of Celestica by 0.7% in the second quarter. Bay Rivers Group now owns 19,636 shares of the technology company's stock valued at $3,065,000 after buying an additional 142 shares during the period. Finally, Anchor Investment Management LLC lifted its stake in Celestica by 15.0% during the first quarter. Anchor Investment Management LLC now owns 1,150 shares of the technology company's stock worth $91,000 after purchasing an additional 150 shares during the period. 67.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on CLS. JPMorgan Chase & Co. raised their price target on shares of Celestica from $225.00 to $295.00 and gave the stock an "overweight" rating in a research note on Monday, September 8th. UBS Group reaffirmed a "neutral" rating and set a $208.00 price objective (up previously from $101.00) on shares of Celestica in a report on Wednesday, July 30th. Royal Bank Of Canada raised their price objective on shares of Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Canaccord Genuity Group raised their price target on shares of Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Finally, Wall Street Zen lowered shares of Celestica from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $184.38.

Celestica Trading Down 0.1%

Shares of NYSE CLS opened at $244.30 on Friday. The company's fifty day moving average is $210.97 and its 200-day moving average is $146.00. The stock has a market cap of $28.10 billion, a price-to-earnings ratio of 52.88 and a beta of 1.89. Celestica, Inc. has a twelve month low of $48.97 and a twelve month high of $261.83. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings data on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.23 by $0.16. The business had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.65 billion. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The firm's revenue was up 21.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 EPS. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. Equities research analysts predict that Celestica, Inc. will post 4.35 EPS for the current 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.

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