Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Celanese Co. (NYSE:CE) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,700 shares of the basic materials company’s stock after purchasing an additional 600 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Celanese were worth $3,215,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC grew its stake in Celanese by 276.6% in the 2nd quarter. Acadian Asset Management LLC now owns 2,399 shares of the basic materials company’s stock valued at $227,000 after buying an additional 1,762 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Celanese by 7.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,200 shares of the basic materials company’s stock valued at $399,000 after buying an additional 300 shares in the last quarter. Candriam Luxembourg S.C.A. purchased a new position in Celanese in the 2nd quarter valued at approximately $829,000. First Trust Advisors LP grew its stake in Celanese by 78.3% in the 2nd quarter. First Trust Advisors LP now owns 201,223 shares of the basic materials company’s stock valued at $19,104,000 after buying an additional 88,375 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in Celanese by 28.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 20,388 shares of the basic materials company’s stock valued at $1,974,000 after buying an additional 4,514 shares in the last quarter. Institutional investors own 96.16% of the company’s stock.

In other news, CFO Christopher W. Jensen sold 1,000 shares of Celanese stock in a transaction on Monday, October 30th. The shares were sold at an average price of $104.68, for a total transaction of $104,680.00. Following the completion of the sale, the chief financial officer now directly owns 60,086 shares of the company’s stock, valued at approximately $6,289,802.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John K. Wulff sold 2,500 shares of Celanese stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $105.88, for a total transaction of $264,700.00. Following the sale, the director now directly owns 30,175 shares of the company’s stock, valued at $3,194,929. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.

Shares of Celanese Co. (CE) traded down $0.88 during trading hours on Tuesday, reaching $105.66. 323,300 shares of the company’s stock traded hands, compared to its average volume of 864,826. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.16 and a current ratio of 1.69. Celanese Co. has a 1 year low of $78.38 and a 1 year high of $109.11. The company has a market cap of $14,450.66, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 1.61 and a beta of 1.32.

Celanese (NYSE:CE) last announced its quarterly earnings results on Monday, October 16th. The basic materials company reported $1.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.01. Celanese had a net margin of 13.66% and a return on equity of 31.98%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the firm earned $1.67 EPS. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. sell-side analysts forecast that Celanese Co. will post 7.37 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on CE shares. BidaskClub upgraded shares of Celanese from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. KeyCorp reiterated a “buy” rating and issued a $106.00 price objective on shares of Celanese in a research note on Thursday, August 24th. Royal Bank of Canada reiterated a “buy” rating and issued a $109.00 price objective on shares of Celanese in a research note on Wednesday, September 6th. ValuEngine lowered shares of Celanese from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 6th. Finally, Jefferies Group reiterated a “buy” rating and issued a $122.00 price objective on shares of Celanese in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. Celanese presently has a consensus rating of “Buy” and a consensus target price of $107.74.

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Celanese Company Profile

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.

Institutional Ownership by Quarter for Celanese (NYSE:CE)

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