Stoneridge Investment Partners LLC bought a new position in Celanese Co. (NYSE:CE) in the fourth quarter, Holdings Channel reports. The fund bought 14,008 shares of the basic materials company’s stock, valued at approximately $1,260,000.

A number of other large investors have also modified their holdings of CE. Baystate Wealth Management LLC increased its position in shares of Celanese by 200.9% during the 4th quarter. Baystate Wealth Management LLC now owns 331 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 221 shares during the last quarter. Strategic Wealth Partners Ltd. increased its position in shares of Celanese by 472.8% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 716 shares of the basic materials company’s stock valued at $68,000 after purchasing an additional 591 shares during the last quarter. CWM LLC increased its position in shares of Celanese by 18.4% during the 4th quarter. CWM LLC now owns 895 shares of the basic materials company’s stock valued at $81,000 after purchasing an additional 139 shares during the last quarter. First PREMIER Bank increased its position in shares of Celanese by 13.8% during the 4th quarter. First PREMIER Bank now owns 910 shares of the basic materials company’s stock valued at $82,000 after purchasing an additional 110 shares during the last quarter. Finally, IFP Advisors Inc increased its position in shares of Celanese by 38.0% during the 4th quarter. IFP Advisors Inc now owns 1,173 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 323 shares during the last quarter. 96.22% of the stock is owned by institutional investors and hedge funds.

CE stock opened at $95.98 on Tuesday. Celanese Co. has a 1-year low of $82.91 and a 1-year high of $119.29. The company has a quick ratio of 1.03, a current ratio of 1.62 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $12.85 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 0.92 and a beta of 1.31.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Tuesday, February 19th will be paid a $0.54 dividend. The ex-dividend date is Friday, February 15th. This represents a $2.16 annualized dividend and a yield of 2.25%. Celanese’s payout ratio is 19.64%.

Several equities research analysts recently issued reports on CE shares. Nomura reduced their target price on shares of Celanese from $120.00 to $108.00 and set a “neutral” rating for the company in a report on Monday, October 15th. Zacks Investment Research lowered shares of Celanese from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Vertical Research raised shares of Celanese from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a report on Wednesday, October 17th. Alembic Global Advisors set a $103.00 target price on shares of Celanese and gave the stock a “sell” rating in a report on Thursday, October 18th. Finally, Robert W. Baird reduced their target price on shares of Celanese from $130.00 to $125.00 and set an “outperform” rating for the company in a report on Monday, October 22nd. Four analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $115.24.

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Celanese Company Profile

Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide. The company operates through Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, and Acetyl Intermediates segments.

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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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