Guyasuta Investment Advisors Inc. Sells 590 Shares of Celestica Inc. (NYSE:CLS)

Guyasuta Investment Advisors Inc. trimmed its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 0.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 125,090 shares of the technology company’s stock after selling 590 shares during the period. Guyasuta Investment Advisors Inc. owned 0.10% of Celestica worth $5,622,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CLS. Trexquant Investment LP lifted its position in shares of Celestica by 0.6% during the third quarter. Trexquant Investment LP now owns 88,491 shares of the technology company’s stock worth $2,170,000 after acquiring an additional 502 shares in the last quarter. Guardian Capital Advisors LP raised its position in shares of Celestica by 8.5% in the fourth quarter. Guardian Capital Advisors LP now owns 8,770 shares of the technology company’s stock worth $256,000 after buying an additional 685 shares in the last quarter. Blue Trust Inc. raised its position in shares of Celestica by 128.6% in the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the technology company’s stock worth $72,000 after buying an additional 1,384 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Celestica in the fourth quarter worth $42,000. Finally, D Orazio & Associates Inc. raised its position in shares of Celestica by 17.0% in the fourth quarter. D Orazio & Associates Inc. now owns 11,453 shares of the technology company’s stock worth $335,000 after buying an additional 1,662 shares in the last quarter. 67.38% of the stock is owned by institutional investors.

Celestica Trading Up 0.2 %

Shares of NYSE:CLS traded up $0.11 on Friday, reaching $57.31. 1,475,745 shares of the company traded hands, compared to its average volume of 2,282,862. The business’s 50-day simple moving average is $52.07 and its 200 day simple moving average is $42.80. Celestica Inc. has a 52 week low of $14.31 and a 52 week high of $61.06. The stock has a market capitalization of $6.81 billion, a P/E ratio of 21.38 and a beta of 2.28. The company has a current ratio of 1.42, a quick ratio of 0.78 and a debt-to-equity ratio of 0.45.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Wednesday, April 24th. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Celestica had a return on equity of 18.25% and a net margin of 3.86%. As a group, equities analysts anticipate that Celestica Inc. will post 2.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CLS shares. Stifel Nicolaus increased their price objective on Celestica from $48.00 to $51.00 and gave the stock a “hold” rating in a research report on Monday, May 13th. CIBC raised their price target on Celestica from $49.00 to $58.00 and gave the company a “neutral” rating in a research report on Monday, May 27th. StockNews.com downgraded Celestica from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. Fox Advisors started coverage on Celestica in a research report on Wednesday, May 15th. They set an “overweight” rating and a $60.00 price target on the stock. Finally, Royal Bank of Canada raised their price target on Celestica from $47.00 to $53.00 and gave the company an “outperform” rating in a research report on Sunday, April 28th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $47.22.

About Celestica

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.