Deutsche Bank AG Has $36.17 Million Holdings in Celanese Co. (NYSE:CE)

Deutsche Bank AG boosted its position in shares of Celanese Co. (NYSE:CE - Free Report) by 106.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 522,599 shares of the basic materials company's stock after buying an additional 269,121 shares during the quarter. Deutsche Bank AG owned approximately 0.48% of Celanese worth $36,169,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC grew its stake in Celanese by 5.1% in the fourth quarter. Sanctuary Advisors LLC now owns 7,213 shares of the basic materials company's stock valued at $521,000 after acquiring an additional 351 shares during the period. Twelve Points Wealth Management LLC raised its position in shares of Celanese by 157.8% in the 4th quarter. Twelve Points Wealth Management LLC now owns 10,124 shares of the basic materials company's stock worth $701,000 after acquiring an additional 6,197 shares in the last quarter. Oak Thistle LLC acquired a new position in Celanese in the fourth quarter valued at approximately $555,000. New England Research & Management Inc. purchased a new position in Celanese during the fourth quarter worth approximately $768,000. Finally, Signal Advisors Wealth LLC increased its holdings in Celanese by 93.9% during the 4th quarter. Signal Advisors Wealth LLC now owns 16,812 shares of the basic materials company's stock worth $1,164,000 after purchasing an additional 8,142 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CE shares. BMO Capital Markets dropped their price target on shares of Celanese from $73.00 to $46.00 and set an "underperform" rating on the stock in a research note on Thursday, February 20th. Piper Sandler restated 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 cut their price target on shares of Celanese from $60.00 to $46.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Wells Fargo & Company increased their price target on shares of Celanese from $40.00 to $45.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. Finally, Barclays raised their price objective on shares of Celanese from $59.00 to $62.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Celanese has a consensus rating of "Hold" and an average target price of $61.44.

Celanese Stock Down 2.5%

Shares of Celanese stock traded down $1.36 during trading hours on Monday, reaching $52.16. The company's stock had a trading volume of 186,056 shares, compared to its average volume of 2,169,957. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.34. The company has a market capitalization of $5.70 billion, a P/E ratio of -3.73, a P/E/G ratio of 1.05 and a beta of 1.09. Celanese Co. has a one year low of $36.29 and a one year high of $157.74. The stock's fifty day simple moving average is $48.41 and its two-hundred day simple moving average is $62.15.

Celanese (NYSE:CE - Get Free Report) last announced its earnings results on Monday, May 5th. The basic materials company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.20. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.26 billion. Celanese had a negative net margin of 14.81% and a positive return on equity of 12.86%. Celanese's revenue was down 8.5% compared to the same quarter last year. During the same period last year, the firm earned $2.08 earnings per share. On average, research analysts forecast that Celanese Co. will post 8.79 earnings per share for the current year.

Celanese Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, April 28th were paid a dividend of $0.03 per share. The ex-dividend date was Monday, April 28th. This represents a $0.12 annualized dividend and a yield of 0.23%. Celanese's dividend payout ratio is presently -0.79%.

Celanese Profile

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.