Tower Research Capital LLC TRC Grows Stake in Celanese Co. (NYSE:CE)

Tower Research Capital LLC TRC boosted its position in shares of Celanese Co. (NYSE:CEFree Report) by 16.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,569 shares of the basic materials company’s stock after purchasing an additional 1,675 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Celanese were worth $1,797,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Johnson Financial Group Inc. purchased a new stake in Celanese in the 4th quarter valued at approximately $28,000. Asset Dedication LLC lifted its position in shares of Celanese by 180.0% in the third quarter. Asset Dedication LLC now owns 224 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 144 shares in the last quarter. Desjardins Global Asset Management Inc. increased its position in Celanese by 142.1% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 184 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 108 shares in the last quarter. JFS Wealth Advisors LLC raised its stake in Celanese by 100.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 188 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 94 shares during the last quarter. Finally, Provence Wealth Management Group purchased a new position in Celanese in the 3rd quarter valued at about $32,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insider Transactions at Celanese

In other Celanese news, COO Scott A. Richardson sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $156.85, for a total value of $313,700.00. Following the transaction, the chief operating officer now directly owns 76,429 shares of the company’s stock, valued at approximately $11,987,888.65. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, SVP Thomas Francis Kelly acquired 1,400 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average cost of $156.69 per share, with a total value of $219,366.00. Following the completion of the acquisition, the senior vice president now directly owns 57,023 shares in the company, valued at $8,934,933.87. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Scott A. Richardson sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $156.85, for a total value of $313,700.00. Following the transaction, the chief operating officer now directly owns 76,429 shares in the company, valued at approximately $11,987,888.65. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CE shares. Bank of America cut their price objective on shares of Celanese from $147.00 to $144.00 and set an “underperform” rating for the company in a research report on Monday. Wells Fargo & Company raised their price objective on Celanese from $180.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. StockNews.com upgraded Celanese from a “sell” rating to a “hold” rating in a research note on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft decreased their price target on Celanese from $175.00 to $160.00 and set a “hold” rating on the stock in a research note on Monday. Finally, Barclays downgraded shares of Celanese from an “overweight” rating to an “equal weight” rating and set a $170.00 price objective for the company. in a research note on Thursday, April 4th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $161.41.

View Our Latest Analysis on CE

Celanese Price Performance

CE stock opened at $144.94 on Tuesday. The stock has a 50-day simple moving average of $156.03 and a 200-day simple moving average of $152.76. The firm has a market cap of $15.83 billion, a P/E ratio of 7.98, a price-to-earnings-growth ratio of 0.58 and a beta of 1.34. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.73 and a current ratio of 1.21. Celanese Co. has a 1 year low of $105.15 and a 1 year high of $172.16.

Celanese (NYSE:CEGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.17. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.67 billion. Celanese had a net margin of 18.60% and a return on equity of 14.00%. The business’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.01 earnings per share. On average, equities analysts predict that Celanese Co. will post 11.47 earnings per share for the current fiscal year.

Celanese Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Monday, April 29th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, April 26th. This represents a $2.80 annualized dividend and a dividend yield of 1.93%. Celanese’s dividend payout ratio is presently 15.41%.

Celanese Company Profile

(Free Report)

Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics.

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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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