Stephens Inc. AR Acquires 741 Shares of Celanese Co. (CE)
Stephens Inc. AR increased its holdings in shares of Celanese Co. (NYSE:CE) by 13.0% in the 4th quarter, Holdings Channel reports. The firm owned 6,436 shares of the basic materials company’s stock after acquiring an additional 741 shares during the period. Stephens Inc. AR’s holdings in Celanese were worth $689,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Advisor Group Inc. lifted its stake in Celanese by 46.9% in the second quarter. Advisor Group Inc. now owns 2,241 shares of the basic materials company’s stock valued at $212,000 after acquiring an additional 715 shares during the last quarter. Balyasny Asset Management LLC lifted its stake in Celanese by 147.3% in the second quarter. Balyasny Asset Management LLC now owns 11,200 shares of the basic materials company’s stock valued at $1,063,000 after acquiring an additional 6,671 shares during the last quarter. HighTower Advisors LLC lifted its stake in Celanese by 55.8% in the second quarter. HighTower Advisors LLC now owns 4,676 shares of the basic materials company’s stock valued at $441,000 after acquiring an additional 1,674 shares during the last quarter. Royal Bank of Canada lifted its stake in Celanese by 15.7% in the second quarter. Royal Bank of Canada now owns 91,967 shares of the basic materials company’s stock valued at $8,733,000 after acquiring an additional 12,495 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Celanese by 901.6% in the second quarter. Janus Henderson Group PLC now owns 198,524 shares of the basic materials company’s stock valued at $18,848,000 after acquiring an additional 178,704 shares during the last quarter. Institutional investors and hedge funds own 95.77% of the company’s stock.
In related news, CFO Christopher W. Jensen sold 3,000 shares of the firm’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $110.00, for a total transaction of $330,000.00. Following the transaction, the chief financial officer now directly owns 52,924 shares of the company’s stock, valued at $5,821,640. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.42% of the stock is currently owned by company insiders.
Celanese Co. (CE) opened at $101.04 on Tuesday. The firm has a market cap of $13,592.08, a PE ratio of 16.56, a PEG ratio of 1.32 and a beta of 1.27. Celanese Co. has a 1 year low of $83.34 and a 1 year high of $114.00. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.69 and a quick ratio of 1.16.
Celanese (NYSE:CE) last issued its quarterly earnings data on Thursday, January 25th. The basic materials company reported $1.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.86 by $0.12. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.49 billion. Celanese had a net margin of 12.87% and a return on equity of 29.21%. The company’s revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 earnings per share. sell-side analysts predict that Celanese Co. will post 8.52 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Tuesday, February 20th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Friday, February 16th. Celanese’s dividend payout ratio is 30.16%.
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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