WBI Investments Inc. Acquires Shares of 19,091 Celanese Co. (CE)

WBI Investments Inc. acquired a new stake in Celanese Co. (NYSE:CE) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 19,091 shares of the basic materials company’s stock, valued at approximately $2,176,000.

A number of other large investors have also recently made changes to their positions in CE. Standard Life Aberdeen plc grew its stake in shares of Celanese by 52.6% during the second quarter. Standard Life Aberdeen plc now owns 2,815,551 shares of the basic materials company’s stock worth $312,695,000 after buying an additional 969,914 shares during the last quarter. Redwood Investments LLC bought a new stake in shares of Celanese during the second quarter worth $2,393,000. Dimensional Fund Advisors LP grew its stake in shares of Celanese by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 744,056 shares of the basic materials company’s stock worth $82,635,000 after buying an additional 4,974 shares during the last quarter. Global X Management Co LLC grew its stake in shares of Celanese by 19.6% during the second quarter. Global X Management Co LLC now owns 12,012 shares of the basic materials company’s stock worth $1,334,000 after buying an additional 1,968 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Celanese by 7.5% during the second quarter. Nomura Asset Management Co. Ltd. now owns 24,185 shares of the basic materials company’s stock worth $2,686,000 after buying an additional 1,679 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have weighed in on CE shares. Citigroup boosted their target price on shares of Celanese from $131.00 to $134.00 and gave the stock a “buy” rating in a research note on Tuesday, July 24th. JPMorgan Chase & Co. boosted their target price on shares of Celanese from $110.00 to $114.00 and gave the stock a “$113.06” rating in a research note on Monday, July 23rd. KeyCorp boosted their target price on shares of Celanese from $141.00 to $145.00 and gave the stock a “$113.06” rating in a research note on Monday, July 23rd. Morgan Stanley boosted their target price on shares of Celanese from $112.00 to $120.00 and gave the stock a “$113.06” rating in a research note on Monday, July 23rd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $134.00 target price on shares of Celanese in a research note on Friday, July 13th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $121.67.

Shares of NYSE:CE opened at $101.58 on Friday. The firm has a market cap of $12.96 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 0.88 and a beta of 1.39. The company has a current ratio of 2.08, a quick ratio of 1.40 and a debt-to-equity ratio of 0.81. Celanese Co. has a 52 week low of $92.68 and a 52 week high of $119.29.

Celanese (NYSE:CE) last issued its quarterly earnings results on Thursday, October 18th. The basic materials company reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.22. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.81 billion. Celanese had a net margin of 18.57% and a return on equity of 39.39%. Celanese’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.93 earnings per share. Equities analysts anticipate that Celanese Co. will post 11.06 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 8th. Stockholders of record on Monday, October 29th will be issued a dividend of $0.54 per share. The ex-dividend date is Friday, October 26th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.13%. Celanese’s dividend payout ratio (DPR) is presently 28.76%.

Celanese Company Profile

Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide. The company operates through Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, and Acetyl Intermediates segments.

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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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