Meadow Creek Investment Management LLC increased its stake in Celanese Co. (NYSE:CE) by 17.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,820 shares of the basic materials company’s stock after buying an additional 4,480 shares during the period. Meadow Creek Investment Management LLC’s holdings in Celanese were worth $3,193,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Gateway Investment Advisers LLC grew its stake in shares of Celanese by 27.3% in the 4th quarter. Gateway Investment Advisers LLC now owns 77,739 shares of the basic materials company’s stock worth $8,324,000 after buying an additional 16,668 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Celanese by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 434,546 shares of the basic materials company’s stock worth $45,310,000 after buying an additional 5,242 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Celanese by 10.2% in the 3rd quarter. Macquarie Group Ltd. now owns 157,840 shares of the basic materials company’s stock worth $16,458,000 after buying an additional 14,650 shares during the last quarter. Itau Unibanco Holding S.A. grew its stake in shares of Celanese by 34.0% in the 4th quarter. Itau Unibanco Holding S.A. now owns 6,019 shares of the basic materials company’s stock worth $644,000 after buying an additional 1,527 shares during the last quarter. Finally, Caxton Associates LP bought a new position in Celanese in the 3rd quarter valued at approximately $532,000. Institutional investors own 95.83% of the company’s stock.
In other news, CFO Christopher W. Jensen sold 3,000 shares of the 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 transaction, the chief financial officer now directly owns 52,924 shares of the company’s stock, valued at approximately $5,821,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.42% of the stock is owned by corporate insiders.
Several equities analysts recently issued reports on the company. UBS upped their price objective on Celanese from $107.00 to $113.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. SunTrust Banks reaffirmed a “buy” rating on shares of Celanese in a research report on Wednesday, January 17th. Zacks Investment Research cut Celanese from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Robert W. Baird reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Celanese in a research report on Monday, January 29th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $128.00 price objective on shares of Celanese in a research report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $113.28.
Celanese Co. (NYSE:CE) opened at $106.73 on Friday. The firm has a market capitalization of $14,359.93, a price-to-earnings ratio of 17.50, a PEG ratio of 1.38 and a beta of 1.29. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.21 and a current ratio of 1.79. Celanese Co. has a twelve month low of $83.34 and a twelve month high of $114.00.
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 32.96% 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 prior year, the firm earned $1.52 EPS. sell-side analysts predict that Celanese Co. will post 8.58 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.46 per share. The ex-dividend date was Friday, February 16th. This represents a $1.84 annualized dividend and a dividend yield of 1.72%. Celanese’s payout ratio is 30.16%.
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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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