Public Employees Retirement System of Ohio Sells 13,906 Shares of Celanese Co. (NYSE:CE)

Public Employees Retirement System of Ohio lessened its holdings in shares of Celanese Co. (NYSE:CE - Free Report) by 24.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 42,408 shares of the basic materials company's stock after selling 13,906 shares during the period. Public Employees Retirement System of Ohio's holdings in Celanese were worth $5,766,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. DT Investment Partners LLC grew its holdings in shares of Celanese by 128.8% in the 3rd quarter. DT Investment Partners LLC now owns 183 shares of the basic materials company's stock valued at $25,000 after buying an additional 103 shares during the period. Fairscale Capital LLC acquired a new position in Celanese in the 2nd quarter valued at about $28,000. Key Financial Inc grew its stake in Celanese by 3,933.3% in the 2nd quarter. Key Financial Inc now owns 242 shares of the basic materials company's stock valued at $33,000 after buying an additional 236 shares during the last quarter. ORG Partners LLC acquired a new position in Celanese in the 2nd quarter valued at about $40,000. Finally, Rothschild Investment LLC acquired a new position in shares of Celanese during the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 98.87% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. UBS Group lowered shares of Celanese from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $161.00 to $97.00 in a research report on Monday, November 11th. Piper Sandler cut shares of Celanese from a "neutral" rating to an "underweight" rating and decreased their target price for the stock from $150.00 to $98.00 in a research note on Friday, November 8th. Royal Bank of Canada decreased their target price on shares of Celanese from $163.00 to $122.00 and set an "outperform" rating on the stock in a research note on Thursday, November 7th. BMO Capital Markets cut shares of Celanese from a "market perform" rating to an "underperform" rating and reduced their price objective for the stock from $138.00 to $76.00 in a research note on Monday, November 11th. Finally, KeyCorp cut shares of Celanese from an "overweight" rating to a "sector weight" rating in a research report on Monday, October 7th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $116.56.

Celanese Stock Down 0.4 %

Shares of CE traded down $0.27 on Friday, reaching $68.58. The company's stock had a trading volume of 2,360,283 shares, compared to its average volume of 1,091,241. Celanese Co. has a twelve month low of $67.03 and a twelve month high of $172.16. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 1.47. The firm has a fifty day moving average of $98.61 and a 200-day moving average of $121.89. The stock has a market capitalization of $7.50 billion, a PE ratio of 6.90, a PEG ratio of 0.72 and a beta of 1.17.

Celanese (NYSE:CE - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The basic materials company reported $2.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.85 by ($0.41). Celanese had a return on equity of 13.17% and a net margin of 10.40%. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the company posted $2.50 earnings per share. The company's revenue for the quarter was down 2.8% on a year-over-year basis. Equities analysts predict that Celanese Co. will post 8.38 EPS for the current year.

Celanese Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date was Wednesday, October 30th. Celanese's dividend payout ratio is currently 28.17%.

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.