Celanese Co. (CE) Shares Sold by Fruth Investment Management
Fruth Investment Management trimmed its stake in shares of Celanese Co. (NYSE:CE) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,300 shares of the basic materials company’s stock after selling 600 shares during the period. Fruth Investment Management’s holdings in Celanese were worth $1,424,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Pacer Advisors Inc. grew its position in Celanese by 8.4% in the second quarter. Pacer Advisors Inc. now owns 2,980 shares of the basic materials company’s stock valued at $283,000 after purchasing an additional 232 shares in the last quarter. Neuberger Berman Group LLC grew its position in Celanese by 2,221.4% in the second quarter. Neuberger Berman Group LLC now owns 56,178 shares of the basic materials company’s stock valued at $5,334,000 after purchasing an additional 53,758 shares in the last quarter. Principal Financial Group Inc. grew its position in Celanese by 3.7% in the second quarter. Principal Financial Group Inc. now owns 33,322 shares of the basic materials company’s stock valued at $3,164,000 after purchasing an additional 1,197 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in Celanese by 4.9% in the second quarter. Oppenheimer & Co. Inc. now owns 4,200 shares of the basic materials company’s stock valued at $399,000 after purchasing an additional 196 shares in the last quarter. Finally, Fiduciary Trust Co. bought a new position in Celanese in the second quarter valued at $150,000. Institutional investors and hedge funds own 96.01% of the company’s stock.
In related news, CFO Christopher W. Jensen sold 1,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 60,086 shares in the company, valued at approximately $6,289,802.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John K. Wulff sold 2,500 shares of the company’s stock in a transaction that occurred 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 transaction, the director now 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 currently owned by insiders.
Shares of Celanese Co. (NYSE CE) traded up $0.05 during trading on Tuesday, reaching $108.78. 238,230 shares of the company’s stock traded hands, compared to its average volume of 542,621. Celanese Co. has a twelve month low of $80.12 and a twelve month high of $109.70. The company has a quick ratio of 1.16, a current ratio of 1.69 and a debt-to-equity ratio of 0.94. The firm has a market cap of $14,760.00, a PE ratio of 18.69, a price-to-earnings-growth ratio of 1.46 and a beta of 1.32.
Celanese (NYSE:CE) last issued its quarterly earnings data on Monday, October 16th. The basic materials company reported $1.93 earnings per share for the quarter, topping the 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 business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the company earned $1.67 EPS. The business’s revenue was up 18.4% on a year-over-year basis. equities analysts forecast that Celanese Co. will post 7.37 EPS for the current year.
CE has been the subject of a number of analyst reports. Tudor Pickering initiated coverage on shares of Celanese in a research report on Tuesday, November 14th. They issued a “buy” rating for the company. Cowen reissued a “buy” rating on shares of Celanese in a research report on Sunday, October 29th. Jefferies Group reissued a “buy” rating and issued a $122.00 price objective on shares of Celanese in a research report on Thursday, October 19th. Citigroup decreased their price objective on shares of Celanese from $122.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 18th. Finally, ValuEngine downgraded shares of Celanese from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 6th. One 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 assigned a strong buy rating to the company’s stock. Celanese presently has an average rating of “Buy” and an average target price of $108.17.
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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.
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