Thrivent Financial For Lutherans boosted its position in Celanese Co. (NYSE:CE) by 5.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 93,388 shares of the basic materials company’s stock after acquiring an additional 4,550 shares during the period. Thrivent Financial For Lutherans owned 0.07% of Celanese worth $10,000,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. First PREMIER Bank grew its holdings in Celanese by 900.0% during the 4th quarter. First PREMIER Bank now owns 1,000 shares of the basic materials company’s stock valued at $107,000 after buying an additional 900 shares in the last quarter. Cerebellum GP LLC purchased a new position in Celanese during the 4th quarter valued at about $129,000. Wellington Shields & Co. LLC purchased a new position in Celanese during the 4th quarter valued at about $203,000. IBM Retirement Fund purchased a new position in Celanese during the 3rd quarter valued at about $217,000. Finally, Barrett Asset Management LLC grew its holdings in Celanese by 40.0% during the 3rd quarter. Barrett Asset Management LLC now owns 2,100 shares of the basic materials company’s stock valued at $219,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.
A number of research analysts have weighed in on CE shares. Zacks Investment Research raised Celanese from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a report on Tuesday, January 23rd. Wells Fargo & Co reaffirmed a “market perform” rating and set a $110.00 target price (up previously from $104.00) on shares of Celanese in a report on Wednesday, January 17th. Citigroup lifted their target price on Celanese from $123.00 to $128.00 and gave the company a “buy” rating in a report on Monday, January 29th. Jefferies Group reaffirmed a “buy” rating and set a $130.00 target price on shares of Celanese in a report on Monday, January 29th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $128.00 target price on shares of Celanese in a report on Monday, January 29th. One 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 currently has a consensus rating of “Buy” and an average price target of $113.28.
Celanese Co. (CE) opened at $107.83 on Wednesday. Celanese Co. has a twelve month low of $83.34 and a twelve month high of $114.00. The company has a current ratio of 1.79, a quick ratio of 1.21 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $14,615.27, a PE ratio of 14.33, a PEG ratio of 1.40 and a beta of 1.29.
Celanese (NYSE:CE) last issued its quarterly earnings data on Thursday, January 25th. The basic materials company reported $1.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.86 by $0.12. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.49 billion. Celanese had a return on equity of 32.96% and a net margin of 13.73%. Celanese’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.52 earnings per share. research analysts forecast that Celanese Co. will post 8.58 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Tuesday, February 20th were given a $0.46 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.84 dividend on an annualized basis and a yield of 1.71%. Celanese’s payout ratio is 30.16%.
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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