BI Asset Management Fondsmaeglerselskab A S Has $1.03 Million Stock Holdings in Celanese Co. (NYSE:CE)

BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Celanese Co. (NYSE:CE - Free Report) by 316.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,869 shares of the basic materials company's stock after buying an additional 11,300 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Celanese were worth $1,029,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CE. United Capital Financial Advisors LLC raised its stake in Celanese by 2.9% in the 4th quarter. United Capital Financial Advisors LLC now owns 6,167 shares of the basic materials company's stock worth $427,000 after purchasing an additional 172 shares in the last quarter. CKW Financial Group raised its position in shares of Celanese by 52.9% in the fourth quarter. CKW Financial Group now owns 535 shares of the basic materials company's stock valued at $37,000 after buying an additional 185 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Celanese by 15.0% in the fourth quarter. Blue Trust Inc. now owns 1,476 shares of the basic materials company's stock valued at $102,000 after buying an additional 192 shares during the period. UMB Bank n.a. grew its position in Celanese by 103.7% during the fourth quarter. UMB Bank n.a. now owns 381 shares of the basic materials company's stock worth $26,000 after buying an additional 194 shares in the last quarter. Finally, CENTRAL TRUST Co increased its stake in Celanese by 43.2% during the 4th quarter. CENTRAL TRUST Co now owns 670 shares of the basic materials company's stock worth $46,000 after acquiring an additional 202 shares during the period. Institutional investors own 98.87% of the company's stock.

Celanese Trading Up 5.5 %

Shares of NYSE CE opened at $41.48 on Wednesday. The stock has a market cap of $4.53 billion, a P/E ratio of -2.98, a price-to-earnings-growth ratio of 1.05 and a beta of 1.08. The firm has a 50 day moving average price of $51.05 and a two-hundred day moving average price of $73.12. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.34. Celanese Co. has a 52-week low of $36.29 and a 52-week high of $169.50.

Celanese (NYSE:CE - Get Free Report) last announced its earnings results on Tuesday, February 18th. The basic materials company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.20. Celanese had a positive return on equity of 12.86% and a negative net margin of 14.81%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. As a group, equities analysts forecast that Celanese Co. will post 8.79 EPS for the current year.

Celanese Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, April 28th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Monday, April 28th. Celanese's dividend payout ratio is presently -0.86%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CE. JPMorgan Chase & Co. reduced their target price on Celanese from $92.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. Barclays reduced their price objective on shares of Celanese from $75.00 to $59.00 and set an "equal weight" rating on the stock in a research note on Monday, February 24th. Piper Sandler restated an "underweight" rating and issued a $48.00 target price (down from $50.00) on shares of Celanese in a research report on Monday, April 7th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Celanese from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Finally, Robert W. Baird lowered their price objective on shares of Celanese from $110.00 to $67.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $61.33.

Celanese Profile

Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. 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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