AQR Capital Management LLC Has $7.90 Million Position in Celanese Co. (NYSE:CE)

AQR Capital Management LLC raised its position in Celanese Co. (NYSE:CE - Free Report) by 514.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,475 shares of the basic materials company's stock after acquiring an additional 95,855 shares during the period. AQR Capital Management LLC owned about 0.10% of Celanese worth $7,900,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CE. Dodge & Cox lifted its position in Celanese by 100.3% in the fourth quarter. Dodge & Cox now owns 13,618,062 shares of the basic materials company's stock worth $942,506,000 after purchasing an additional 6,818,993 shares during the period. Norges Bank acquired a new stake in shares of Celanese during the 4th quarter valued at about $222,815,000. Fuller & Thaler Asset Management Inc. increased its stake in Celanese by 4,506.7% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,344,661 shares of the basic materials company's stock valued at $162,274,000 after acquiring an additional 2,293,764 shares during the period. Invesco Ltd. raised its position in Celanese by 105.0% in the fourth quarter. Invesco Ltd. now owns 3,969,284 shares of the basic materials company's stock worth $274,714,000 after purchasing an additional 2,033,025 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Celanese by 891.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,521,564 shares of the basic materials company's stock worth $105,308,000 after purchasing an additional 1,368,104 shares during the period. Institutional investors own 98.87% of the company's stock.

Celanese Trading Down 0.9 %

CE stock traded down $0.46 during midday trading on Friday, reaching $51.25. The company's stock had a trading volume of 2,396,600 shares, compared to its average volume of 2,144,887. The business's 50-day simple moving average is $48.56 and its 200-day simple moving average is $65.64. The company has a quick ratio of 0.76, a current ratio of 1.34 and a debt-to-equity ratio of 1.98. Celanese Co. has a 52 week low of $36.29 and a 52 week high of $161.94. The stock has a market cap of $5.60 billion, a PE ratio of -3.68, a price-to-earnings-growth ratio of 1.05 and a beta of 1.09.

Celanese (NYSE:CE - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The basic materials company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.20. Celanese had a positive return on equity of 12.86% and a negative net margin of 14.81%. The business had revenue of $2.39 billion during the quarter, compared to analysts' expectations of $2.26 billion. During the same period in the previous year, the firm earned $2.08 earnings per share. The firm's quarterly revenue was down 8.5% compared to the same quarter last year. As a group, sell-side analysts expect that Celanese Co. will post 8.79 EPS for the current year.

Celanese Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, April 28th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.23%. The ex-dividend date is Monday, April 28th. Celanese's payout ratio is -0.86%.

Analyst Ratings Changes

CE has been the subject of a number of recent research reports. Citigroup dropped their target price on Celanese from $58.00 to $52.00 and set a "neutral" rating for the company in a report on Friday, April 4th. StockNews.com raised Celanese from a "sell" rating to a "hold" rating in a report on Tuesday. Piper Sandler reaffirmed an "underweight" rating and issued a $48.00 target price (down previously from $50.00) on shares of Celanese in a report on Monday, April 7th. UBS Group reduced their price target on shares of Celanese from $60.00 to $46.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Finally, Vertical Research raised shares of Celanese from a "sell" rating to a "hold" rating and set a $66.00 price objective for the company in a report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Celanese presently has a consensus rating of "Hold" and a consensus target price of $61.89.

About Celanese

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.