Affinity Investment Advisors LLC decreased its position in shares of Celanese Co. (NYSE:CE) by 6.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,595 shares of the basic materials company’s stock after selling 5,341 shares during the quarter. Affinity Investment Advisors LLC owned approximately 0.06% of Celanese worth $7,251,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CE. Atria Investments LLC lifted its position in shares of Celanese by 30.0% during the 3rd quarter. Atria Investments LLC now owns 4,950 shares of the basic materials company’s stock worth $564,000 after buying an additional 1,141 shares during the last quarter. DNB Asset Management AS lifted its position in shares of Celanese by 12.1% during the 3rd quarter. DNB Asset Management AS now owns 19,980 shares of the basic materials company’s stock worth $2,278,000 after buying an additional 2,156 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Celanese by 55.4% during the 3rd quarter. Bank of Montreal Can now owns 40,800 shares of the basic materials company’s stock worth $4,650,000 after buying an additional 14,542 shares during the last quarter. Polianta Ltd purchased a new stake in shares of Celanese during the 3rd quarter worth approximately $1,162,000. Finally, PGGM Investments lifted its position in shares of Celanese by 43.4% during the 3rd quarter. PGGM Investments now owns 293,034 shares of the basic materials company’s stock worth $33,406,000 after buying an additional 88,634 shares during the last quarter. 96.22% of the stock is currently owned by institutional investors.
CE stock opened at $95.98 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.62 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $12.85 billion, a P/E ratio of 8.73, a price-to-earnings-growth ratio of 0.92 and a beta of 1.31. Celanese Co. has a 12 month low of $82.91 and a 12 month high of $119.29.
Celanese (NYSE:CE) last announced its quarterly earnings data on Monday, January 28th. The basic materials company reported $2.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.02). The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.72 billion. Celanese had a net margin of 16.87% and a return on equity of 40.37%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.98 earnings per share. On average, equities research analysts forecast that Celanese Co. will post 10.41 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Tuesday, February 19th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, February 15th. This represents a $2.16 annualized dividend and a yield of 2.25%. Celanese’s dividend payout ratio is currently 19.64%.
Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of Celanese from a “hold” rating to a “sell” rating in a research report on Thursday, January 24th. ValuEngine downgraded shares of Celanese from a “hold” rating to a “sell” rating in a research report on Tuesday. Robert W. Baird reiterated a “buy” rating and issued a $120.00 price target on shares of Celanese in a research report on Wednesday, January 30th. Cowen downgraded shares of Celanese from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $122.00 to $108.00 in a research report on Wednesday, February 6th. Finally, KeyCorp reduced their price target on shares of Celanese from $145.00 to $125.00 and set an “overweight” rating for the company in a research report on Wednesday, January 30th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. Celanese presently has an average rating of “Hold” and an average target price of $115.24.
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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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