James Investment Research Inc. decreased its position in Celanese Co. (NYSE:CE) by 2.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 617,707 shares of the basic materials company’s stock after selling 12,460 shares during the quarter. Celanese accounts for approximately 2.3% of James Investment Research Inc.’s holdings, making the stock its 2nd biggest holding. James Investment Research Inc. owned approximately 0.46% of Celanese worth $66,144,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. First PREMIER Bank increased its stake in Celanese by 900.0% during the 4th quarter. First PREMIER Bank now owns 1,000 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 900 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of Celanese by 8.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,731 shares of the basic materials company’s stock worth $164,000 after acquiring an additional 134 shares in the last quarter. Peapack Gladstone Financial Corp bought a new position in shares of Celanese during the 2nd quarter worth approximately $212,000. Advisor Group Inc. grew its stake in shares of Celanese by 46.9% during the 2nd quarter. Advisor Group Inc. now owns 2,241 shares of the basic materials company’s stock worth $212,000 after acquiring an additional 715 shares in the last quarter. Finally, QCM Cayman Ltd. bought a new position in shares of Celanese during the 2nd quarter worth approximately $215,000. 95.77% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on CE shares. UBS Group increased their price objective on Celanese from $107.00 to $113.00 and gave the company a “neutral” rating in a report on Friday, January 26th. SunTrust Banks reissued a “buy” rating on shares of Celanese in a report on Wednesday, January 17th. Zacks Investment Research downgraded Celanese from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Tudor Pickering started coverage on Celanese in a report on Tuesday, November 14th. They set a “buy” rating for the company. Finally, Royal Bank of Canada lifted their target price on Celanese from $109.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $113.28.
Shares of Celanese Co. (NYSE:CE) traded up $1.63 on Wednesday, reaching $102.78. The company’s stock had a trading volume of 748,775 shares, compared to its average volume of 712,917. Celanese Co. has a 12-month low of $83.34 and a 12-month high of $114.00. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.16 and a current ratio of 1.69. The firm has a market capitalization of $13,960.00, a price-to-earnings ratio of 16.60, a PEG ratio of 1.33 and a beta of 1.27.
Celanese (NYSE:CE) last issued its quarterly earnings results on Thursday, January 25th. The basic materials company reported $1.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.86 by $0.12. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $1.52 earnings per share. equities research analysts expect that Celanese Co. will post 8.52 EPS for the current fiscal 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 issued a dividend of $0.46 per share. The ex-dividend date is Friday, February 16th. This represents a $1.84 annualized dividend and a dividend yield of 1.79%. Celanese’s dividend payout ratio is 29.73%.
In related news, CFO Christopher W. Jensen sold 3,000 shares of the company’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $110.00, for a total transaction of $330,000.00. Following the completion of the sale, the chief financial officer now owns 52,924 shares in the company, valued at $5,821,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.42% of the company’s stock.
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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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