Stifel Financial Corp boosted its position in Celanese Co. (NYSE:CE) by 10.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,748 shares of the basic materials company’s stock after buying an additional 5,032 shares during the period. Stifel Financial Corp’s holdings in Celanese were worth $5,598,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Alps Advisors Inc. boosted its position in Celanese by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,276 shares of the basic materials company’s stock worth $501,000 after purchasing an additional 14 shares in the last quarter. Toronto Dominion Bank boosted its position in Celanese by 8.4% in the 2nd quarter. Toronto Dominion Bank now owns 1,731 shares of the basic materials company’s stock worth $164,000 after purchasing an additional 134 shares in the last quarter. Pittenger & Anderson Inc. boosted its position in Celanese by 1.9% in the 2nd quarter. Pittenger & Anderson Inc. now owns 7,165 shares of the basic materials company’s stock worth $680,000 after purchasing an additional 135 shares in the last quarter. Stanley Laman Group Ltd. boosted its position in Celanese by 2.3% in the 2nd quarter. Stanley Laman Group Ltd. now owns 6,576 shares of the basic materials company’s stock worth $624,000 after purchasing an additional 148 shares in the last quarter. Finally, Synovus Financial Corp boosted its position in Celanese by 4.2% in the 2nd quarter. Synovus Financial Corp now owns 4,076 shares of the basic materials company’s stock worth $382,000 after purchasing an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 96.16% of the company’s stock.

Celanese Co. (CE) opened at $105.73 on Friday. Celanese Co. has a 52 week low of $78.38 and a 52 week high of $109.11. 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 company has a market capitalization of $14,690.74, a price-to-earnings ratio of 15.36, a P/E/G ratio of 1.63 and a beta of 1.32.

Celanese (NYSE:CE) last posted its quarterly earnings data on Monday, October 16th. The basic materials company reported $1.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.01. Celanese had a return on equity of 31.98% and a net margin of 13.66%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the company earned $1.67 EPS. The firm’s revenue was up 18.4% compared to the same quarter last year. equities analysts predict that Celanese Co. will post 7.37 earnings per share for the current year.

Several research analysts have recently weighed in on the company. Royal Bank of Canada upped their target price on Celanese from $109.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 18th. Jefferies Group reaffirmed a “buy” rating and set a $122.00 target price on shares of Celanese in a research note on Thursday, October 19th. KeyCorp reaffirmed a “buy” rating and set a $106.00 target price on shares of Celanese in a research note on Thursday, August 24th. Citigroup reduced their target price on Celanese from $122.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, October 18th. Finally, Nomura upped their target price on Celanese from $97.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Celanese currently has an average rating of “Buy” and an average target price of $107.74.

In related news, Director John K. Wulff sold 2,500 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $105.88, for a total value of $264,700.00. Following the completion of the transaction, the director now directly owns 30,175 shares of the company’s stock, valued at approximately $3,194,929. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Christopher W. Jensen sold 1,000 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $104.68, for a total value of $104,680.00. Following the completion of the transaction, the chief financial officer now directly owns 60,086 shares of the company’s stock, valued at $6,289,802.48. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

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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.

Institutional Ownership by Quarter for Celanese (NYSE:CE)

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