Cerity Partners LLC Has $617,000 Stock Position in Celanese Co. (NYSE:CE)

Cerity Partners LLC decreased its position in shares of Celanese Co. (NYSE:CE - Free Report) by 42.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,909 shares of the basic materials company's stock after selling 6,703 shares during the quarter. Cerity Partners LLC's holdings in Celanese were worth $617,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in shares of Celanese by 103.7% during the 4th 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. CKW Financial Group raised its stake in Celanese by 52.9% during the fourth quarter. CKW Financial Group now owns 535 shares of the basic materials company's stock worth $37,000 after acquiring an additional 185 shares in the last quarter. CENTRAL TRUST Co raised its stake in Celanese by 43.2% during the fourth quarter. CENTRAL TRUST Co now owns 670 shares of the basic materials company's stock worth $46,000 after acquiring an additional 202 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Celanese by 200.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock worth $52,000 after acquiring an additional 498 shares during the last quarter. Finally, Brooklyn Investment Group boosted its stake in shares of Celanese by 51.1% in the 4th quarter. Brooklyn Investment Group now owns 1,129 shares of the basic materials company's stock valued at $78,000 after purchasing an additional 382 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CE has been the subject of a number of research analyst reports. Bank of America lowered their price objective on shares of Celanese from $88.00 to $72.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Vertical Research upgraded Celanese from a "sell" rating to a "hold" rating and set a $66.00 price target for the company in a research note on Thursday, March 6th. Piper Sandler reissued an "underweight" rating and set a $48.00 price objective (down previously from $50.00) on shares of Celanese in a report on Monday, April 7th. Robert W. Baird lowered their target price on Celanese from $110.00 to $67.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Finally, KeyCorp cut their price target on Celanese from $76.00 to $71.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Three research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $61.33.

Celanese Trading Down 0.2 %

Shares of NYSE:CE traded down $0.07 during trading on Wednesday, reaching $41.49. The stock had a trading volume of 1,647,979 shares, compared to its average volume of 1,998,567. Celanese Co. has a 52 week low of $36.29 and a 52 week high of $169.50. The firm's fifty day moving average is $51.05 and its 200 day moving average is $73.12. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of -2.98, a P/E/G ratio of 1.05 and a beta of 1.08. 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 (NYSE:CE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. As a group, equities analysts forecast that Celanese Co. will post 8.79 EPS for the current fiscal year.

Celanese Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, April 28th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date is Monday, April 28th. 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.