Brandywine Global Investment Management LLC Has $66.01 Million Stock Holdings in Celanese Co. (NYSE:CE)

Brandywine Global Investment Management LLC raised its stake in Celanese Co. (NYSE:CE - Free Report) by 1,453.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 953,802 shares of the basic materials company's stock after acquiring an additional 892,391 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.87% of Celanese worth $66,013,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. grew its stake in shares of Celanese by 103.7% in the fourth quarter. UMB Bank n.a. now owns 381 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 194 shares in the last quarter. CKW Financial Group boosted its holdings in Celanese by 52.9% in the 4th quarter. CKW Financial Group now owns 535 shares of the basic materials company's stock valued at $37,000 after purchasing an additional 185 shares during the period. CENTRAL TRUST Co grew its position in shares of 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 purchasing an additional 202 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Celanese by 200.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock worth $52,000 after purchasing an additional 498 shares during the period. Finally, Brooklyn Investment Group boosted its stake in shares of Celanese by 51.1% in the fourth quarter. Brooklyn Investment Group now owns 1,129 shares of the basic materials company's stock valued at $78,000 after buying an additional 382 shares during the period. Institutional investors own 98.87% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. BMO Capital Markets reduced their price objective on shares of Celanese from $73.00 to $46.00 and set an "underperform" rating on the stock in a research note on Thursday, February 20th. Wells Fargo & Company decreased their price objective on shares of Celanese from $75.00 to $55.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 20th. Royal Bank of Canada cut Celanese from an "outperform" rating to a "sector perform" rating and cut their target price for the stock from $84.00 to $56.00 in a research note on Thursday, February 20th. Bank of America reduced their price objective on Celanese from $88.00 to $72.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Finally, UBS Group dropped their target price on shares of Celanese from $72.00 to $60.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Celanese currently has a consensus rating of "Hold" and a consensus price target of $66.94.

Celanese Trading Up 2.0 %

Celanese stock traded up $1.11 during mid-day trading on Wednesday, hitting $56.79. 1,803,016 shares of the stock were exchanged, compared to its average volume of 1,818,471. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of -4.08, a PEG ratio of 1.05 and a beta of 1.23. Celanese Co. has a 12 month low of $45.94 and a 12 month high of $171.68. The company has a quick ratio of 0.76, a current ratio of 1.34 and a debt-to-equity ratio of 1.98. The firm's fifty day simple moving average is $61.31 and its two-hundred day simple moving average is $83.64.

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

Celanese Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.12 annualized dividend and a dividend yield of 0.21%. Celanese's payout ratio is -0.86%.

Celanese Company 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.