Bank of Montreal Can decreased its stake in shares of Celanese Co. (NYSE:CE) by 19.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 23,345 shares of the basic materials company’s stock after selling 5,666 shares during the period. Bank of Montreal Can’s holdings in Celanese were worth $2,500,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Celanese by 13.4% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,150,894 shares of the basic materials company’s stock worth $224,274,000 after purchasing an additional 253,809 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in Celanese by 5.5% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,683,032 shares of the basic materials company’s stock worth $175,490,000 after purchasing an additional 88,311 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in Celanese by 15.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,048,124 shares of the basic materials company’s stock worth $109,288,000 after purchasing an additional 140,148 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in Celanese by 0.3% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 812,483 shares of the basic materials company’s stock worth $84,718,000 after purchasing an additional 2,188 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Celanese by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 674,674 shares of the basic materials company’s stock worth $70,346,000 after purchasing an additional 18,378 shares in the last quarter. 95.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of Celanese Co. (NYSE:CE) opened at $100.21 on Friday. Celanese Co. has a 1-year low of $83.34 and a 1-year high of $114.00. The firm has a market capitalization of $13,940.00, a PE ratio of 16.19, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. The company has a quick ratio of 1.16, a current ratio of 1.69 and a debt-to-equity ratio of 0.94.
Celanese (NYSE:CE) last released its quarterly earnings results on Thursday, January 25th. The basic materials company reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.12. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Celanese had a return on equity of 33.49% and a net margin of 13.73%. The company’s revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.52 EPS. equities research analysts forecast that Celanese Co. will post 8.52 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.84 annualized dividend and a dividend yield of 1.84%. Celanese’s dividend payout ratio (DPR) is presently 29.73%.
CE has been the topic of a number of recent research reports. Zacks Investment Research cut Celanese from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Tudor Pickering initiated coverage on Celanese in a report on Tuesday, November 14th. They set a “buy” rating on the stock. Citigroup dropped their price objective on Celanese from $122.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 18th. UBS Group increased their price objective on Celanese from $100.00 to $107.00 and gave the stock a “neutral” rating in a report on Tuesday, October 17th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $110.00 price target (up previously from $104.00) on shares of Celanese in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $113.28.
In other news, CFO Christopher W. Jensen sold 3,000 shares of the stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $110.00, for a total transaction of $330,000.00. Following the transaction, the chief financial officer now directly owns 52,924 shares in the company, valued at approximately $5,821,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.42% of the stock is currently owned by corporate insiders.
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Celanese Corporation (Celanese) is a technology and specialty materials company. The Company’s segments include Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates and Other Activities. The Advanced Engineered Materials segment includes the Company’s engineered materials business and certain affiliates.
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