Robeco Institutional Asset Management B.V. increased its holdings in shares of Celanese Co. (NYSE:CE) by 740.4% in the fourth quarter, HoldingsChannel reports. The firm owned 51,876 shares of the basic materials company’s stock after purchasing an additional 45,703 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Celanese were worth $5,555,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CE. Toronto Dominion Bank grew its stake in shares of Celanese by 8.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,731 shares of the basic materials company’s stock worth $164,000 after acquiring an additional 134 shares in the last quarter. First Allied Advisory Services Inc. grew its stake in shares of Celanese by 10.9% during the 2nd quarter. First Allied Advisory Services Inc. now owns 3,245 shares of the basic materials company’s stock worth $309,000 after acquiring an additional 319 shares in the last quarter. GSA Capital Partners LLP grew its stake in shares of Celanese by 6.4% during the 3rd quarter. GSA Capital Partners LLP now owns 8,449 shares of the basic materials company’s stock worth $881,000 after acquiring an additional 505 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Celanese by 20.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,014 shares of the basic materials company’s stock worth $314,000 after acquiring an additional 506 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Celanese by 1.4% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 42,829 shares of the basic materials company’s stock worth $4,466,000 after acquiring an additional 573 shares in the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Christopher W. Jensen sold 3,000 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $110.00, for a total value of $330,000.00. Following the completion of the sale, the chief financial officer now owns 52,924 shares of the company’s stock, valued at approximately $5,821,640. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.42% of the company’s stock.

Several equities analysts have recently weighed in on the stock. UBS Group raised their price target on shares of Celanese from $107.00 to $113.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Jefferies Group reaffirmed a “buy” rating and set a $130.00 price target on shares of Celanese in a research note on Monday, January 29th. Deutsche Bank reaffirmed a “buy” rating and set a $128.00 price target on shares of Celanese in a research note on Monday, January 29th. Zacks Investment Research raised shares of Celanese from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a research note on Tuesday, January 23rd. Finally, ValuEngine cut shares of Celanese from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Celanese has an average rating of “Buy” and an average target price of $113.28.

Shares of Celanese Co. (CE) opened at $105.09 on Friday. The company has a market capitalization of $14,487.28, a P/E ratio of 14.22, a PEG ratio of 1.40 and a beta of 1.27. The company has a quick ratio of 1.16, a current ratio of 1.69 and a debt-to-equity ratio of 0.94. Celanese Co. has a twelve month low of $83.34 and a twelve month high of $114.00.

Celanese (NYSE:CE) last released its quarterly earnings data on Thursday, January 25th. The basic materials company reported $1.98 EPS for the quarter, beating the consensus estimate of $1.86 by $0.12. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.49 billion. Celanese had a return on equity of 33.49% and a net margin of 13.73%. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 EPS. analysts forecast that Celanese Co. will post 8.52 earnings per share for the current year.

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About Celanese

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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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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