DoubleLine ETF Adviser LP bought a new position in Celanese Co. (NYSE:CE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,590 shares of the basic materials company's stock, valued at approximately $871,000.
A number of other institutional investors have also modified their holdings of the stock. United Capital Financial Advisors LLC raised its holdings in shares of Celanese by 2.9% during the fourth quarter. United Capital Financial Advisors LLC now owns 6,167 shares of the basic materials company's stock valued at $427,000 after buying an additional 172 shares during the last quarter. CKW Financial Group raised its stake in Celanese by 52.9% during the 4th quarter. CKW Financial Group now owns 535 shares of the basic materials company's stock valued at $37,000 after acquiring an additional 185 shares in the last quarter. Blue Trust Inc. boosted its position in Celanese by 15.0% during the 4th quarter. Blue Trust Inc. now owns 1,476 shares of the basic materials company's stock worth $102,000 after acquiring an additional 192 shares during the period. UMB Bank n.a. grew its stake in shares of Celanese by 103.7% in the fourth quarter. UMB Bank n.a. now owns 381 shares of the basic materials company's stock worth $26,000 after purchasing an additional 194 shares in the last quarter. Finally, CENTRAL TRUST Co grew its stake in shares of Celanese by 43.2% in the fourth quarter. CENTRAL TRUST Co now owns 670 shares of the basic materials company's stock worth $46,000 after purchasing an additional 202 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company's stock.
Celanese Price Performance
NYSE:CE traded up $4.47 during trading hours on Tuesday, reaching $49.24. The company had a trading volume of 6,100,675 shares, compared to its average volume of 2,113,008. The firm has a market capitalization of $5.38 billion, a PE ratio of -3.53, a PEG ratio of 1.05 and a beta of 1.09. The stock has a 50-day moving average of $48.47 and a two-hundred day moving average of $67.01. Celanese Co. has a one year low of $36.29 and a one year high of $169.50. 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 (NYSE:CE - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The basic materials company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.20. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.26 billion. Celanese had a negative net margin of 14.81% and a positive return on equity of 12.86%. The company's revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.08 earnings per share. Analysts forecast that Celanese Co. will post 8.79 earnings per share for the current year.
Celanese Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, April 28th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Monday, April 28th. Celanese's dividend payout ratio (DPR) is presently -0.86%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on CE shares. Mizuho set a $45.00 price objective on shares of Celanese in a report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price objective on shares of Celanese from $92.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Evercore ISI cut their target price on Celanese from $85.00 to $75.00 and set an "in-line" rating for the company in a research report on Monday, March 24th. Barclays dropped their price objective on Celanese from $75.00 to $59.00 and set an "equal weight" rating on the stock in a research note on Monday, February 24th. Finally, Wells Fargo & Company lowered their target price on Celanese from $55.00 to $40.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $61.33.
Read Our Latest Analysis on Celanese
About Celanese
(
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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