Great West Life Assurance Co. Can grew its stake in shares of Celanese Co. (NYSE:CE) by 23.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 82,585 shares of the basic materials company’s stock after acquiring an additional 15,638 shares during the quarter. Great West Life Assurance Co. Can owned about 0.06% of Celanese worth $7,084,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. DNB Asset Management AS increased its holdings in Celanese by 20.1% in the 4th quarter. DNB Asset Management AS now owns 23,991 shares of the basic materials company’s stock worth $2,158,000 after purchasing an additional 4,011 shares in the last quarter. GSA Capital Partners LLP increased its holdings in Celanese by 106.6% in the 3rd quarter. GSA Capital Partners LLP now owns 21,318 shares of the basic materials company’s stock worth $2,430,000 after purchasing an additional 11,002 shares in the last quarter. Daiwa SB Investments Ltd. increased its holdings in Celanese by 121.8% in the 4th quarter. Daiwa SB Investments Ltd. now owns 1,730 shares of the basic materials company’s stock worth $156,000 after purchasing an additional 950 shares in the last quarter. Coastline Trust Co increased its stake in shares of Celanese by 2.8% in the fourth quarter. Coastline Trust Co now owns 9,255 shares of the basic materials company’s stock valued at $833,000 after buying an additional 255 shares during the period. Finally, Steigerwald Gordon & Koch Inc. increased its stake in shares of Celanese by 0.6% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 97,172 shares of the basic materials company’s stock valued at $8,743,000 after buying an additional 592 shares during the period. Hedge funds and other institutional investors own 96.45% of the company’s stock.

CE stock opened at $100.37 on Friday. Celanese Co. has a twelve month low of $82.91 and a twelve month high of $119.29. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.03 and a current ratio of 1.62. The company has a market capitalization of $13.04 billion, a PE ratio of 9.12, a P/E/G ratio of 0.97 and a beta of 1.33.

Celanese (NYSE:CE) last posted its earnings results on Monday, January 28th. The basic materials company reported $2.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.40 by ($0.02). Celanese had a net margin of 16.87% and a return on equity of 40.37%. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the business earned $1.98 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities research analysts anticipate that Celanese Co. will post 10.41 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 19th were issued a $0.54 dividend. The ex-dividend date of this dividend was Friday, February 15th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.15%. Celanese’s dividend payout ratio is presently 19.64%.

Several brokerages have recently weighed in on CE. ValuEngine raised Celanese from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. Zacks Investment Research cut Celanese from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. Cowen cut Celanese from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $122.00 to $108.00 in a research note on Wednesday, February 6th. SunTrust Banks cut Celanese from a “buy” rating to a “hold” rating in a research note on Monday, January 14th. Finally, Alembic Global Advisors reissued a “sell” rating on shares of Celanese in a research note on Thursday, December 20th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $115.24.

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Celanese Profile

Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through Engineered Materials, Acetate Tow, and Acetyl Chain segments. 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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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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