Celanese Co. (CE) Holdings Reduced by Globeflex Capital L P
Globeflex Capital L P trimmed its position in shares of Celanese Co. (NYSE:CE) by 7.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,785 shares of the basic materials company’s stock after selling 560 shares during the quarter. Globeflex Capital L P’s holdings in Celanese were worth $727,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Gateway Investment Advisers LLC boosted its stake in shares of Celanese by 27.3% during the fourth quarter. Gateway Investment Advisers LLC now owns 77,739 shares of the basic materials company’s stock valued at $8,324,000 after purchasing an additional 16,668 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Celanese by 1.2% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 434,546 shares of the basic materials company’s stock valued at $45,310,000 after purchasing an additional 5,242 shares during the period. Aperio Group LLC boosted its stake in shares of Celanese by 52.1% during the third quarter. Aperio Group LLC now owns 70,114 shares of the basic materials company’s stock valued at $7,311,000 after purchasing an additional 24,011 shares during the period. Macquarie Group Ltd. boosted its stake in shares of Celanese by 10.2% during the third quarter. Macquarie Group Ltd. now owns 157,840 shares of the basic materials company’s stock valued at $16,458,000 after purchasing an additional 14,650 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Celanese by 0.5% during the third quarter. Swiss National Bank now owns 516,230 shares of the basic materials company’s stock valued at $53,827,000 after purchasing an additional 2,700 shares during the period. 96.00% of the stock is owned by hedge funds and other institutional investors.
CE has been the subject of a number of recent analyst reports. Tudor Pickering initiated coverage on shares of Celanese in a research note on Tuesday, November 14th. They set a “buy” rating for the company. Robert W. Baird restated a “buy” rating and issued a $130.00 price objective on shares of Celanese in a report on Monday, January 29th. Deutsche Bank restated a “buy” rating and issued a $128.00 price objective on shares of Celanese in a report on Monday, January 29th. Jefferies Group restated a “buy” rating and issued a $130.00 price objective on shares of Celanese in a report on Monday, January 29th. Finally, Citigroup lifted their price objective on Celanese from $123.00 to $128.00 and gave the company a “buy” rating in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $113.28.
Celanese (NYSE:CE) last announced its earnings results on Thursday, January 25th. The basic materials company reported $1.98 EPS for the quarter, topping the Zacks’ consensus estimate of $1.86 by $0.12. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.49 billion. Celanese had a net margin of 13.73% and a return on equity of 32.96%. The firm’s revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 earnings per share. equities analysts predict that Celanese Co. will post 8.52 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Tuesday, February 20th were issued a $0.46 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.84 dividend on an annualized basis and a yield of 1.76%. Celanese’s dividend payout ratio is presently 30.16%.
In other Celanese news, CFO Christopher W. Jensen sold 3,000 shares of the business’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $110.00, for a total value of $330,000.00. Following the completion of the transaction, the chief financial officer now directly owns 52,924 shares in the company, valued at $5,821,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.42% of the company’s stock.
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Celanese Corporation (Celanese) is a technology and specialty materials company. The Company’s segments include Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates and Other Activities. The Advanced Engineered Materials segment includes the Company’s engineered materials business and certain affiliates.
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