Stephens Inc. AR raised its holdings in Celanese Co. (NYSE:CE) by 5.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 5,311 shares of the basic materials company’s stock after purchasing an additional 270 shares during the period. Stephens Inc. AR’s holdings in Celanese were worth $524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. South Dakota Investment Council acquired a new position in Celanese during the 1st quarter valued at about $1,972,000. Quantum Capital Management raised its position in shares of Celanese by 8.7% in the 1st quarter. Quantum Capital Management now owns 3,496 shares of the basic materials company’s stock valued at $345,000 after acquiring an additional 279 shares during the period. Prospera Financial Services Inc acquired a new stake in shares of Celanese in the 1st quarter valued at approximately $296,000. Avitas Wealth Management LLC raised its position in shares of Celanese by 0.4% in the 1st quarter. Avitas Wealth Management LLC now owns 27,611 shares of the basic materials company’s stock valued at $2,723,000 after acquiring an additional 103 shares during the period. Finally, Alps Advisors Inc. raised its position in shares of Celanese by 183.6% in the 1st quarter. Alps Advisors Inc. now owns 11,545 shares of the basic materials company’s stock valued at $1,138,000 after acquiring an additional 7,474 shares during the period. 96.45% of the stock is currently owned by hedge funds and other institutional investors.

CE has been the topic of a number of analyst reports. Deutsche Bank increased their price target on shares of Celanese from $110.00 to $120.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Zacks Investment Research upgraded shares of Celanese from a “sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. Barclays cut their price target on shares of Celanese from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th. KeyCorp cut their price target on shares of Celanese from $145.00 to $125.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 30th. Finally, ValuEngine upgraded shares of Celanese from a “sell” rating to a “hold” rating in a research report on Saturday, February 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $119.53.

In related news, Director John K. Wulff sold 9,175 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $108.32, for a total transaction of $993,836.00. Following the completion of the sale, the director now directly owns 19,872 shares of the company’s stock, valued at approximately $2,152,535.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.57% of the stock is currently owned by corporate insiders.

NYSE CE traded down $0.46 during trading hours on Wednesday, reaching $99.85. 9,179 shares of the company’s stock were exchanged, compared to its average volume of 1,148,322. Celanese Co. has a one year low of $82.91 and a one year high of $119.29. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.03 and a current ratio of 1.58. The stock has a market cap of $12.70 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 0.96 and a beta of 1.34.

Celanese (NYSE:CE) last posted its earnings results on Monday, April 22nd. The basic materials company reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.13. Celanese had a return on equity of 39.76% and a net margin of 16.89%. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the prior year, the business earned $2.79 EPS. Celanese’s revenue for the quarter was down 8.9% compared to the same quarter last year. On average, analysts predict that Celanese Co. will post 10.54 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Monday, April 29th were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.48%. This is a boost from Celanese’s previous quarterly dividend of $0.54. The ex-dividend date was Friday, April 26th. Celanese’s dividend payout ratio is presently 22.55%.

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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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