New Age Alpha Advisors LLC purchased a new stake in shares of Celanese Co. (NYSE:CE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 25,088 shares of the basic materials company's stock, valued at approximately $1,736,000.
Other large investors have also recently modified their holdings of the company. UMB Bank n.a. raised its position in 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 purchasing an additional 194 shares during the last quarter. CKW Financial Group increased its stake 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 during the period. CENTRAL TRUST Co raised its position in shares of 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 during the last quarter. EverSource Wealth Advisors LLC lifted its stake 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 period. Finally, Brooklyn Investment Group boosted its holdings in 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 acquiring an additional 382 shares during the last quarter. Institutional investors own 98.87% of the company's stock.
Analyst Ratings Changes
A number of analysts have commented on the stock. Vertical Research raised shares of Celanese from a "sell" rating to a "hold" rating and set a $66.00 price target on the stock in a research report on Thursday, March 6th. BMO Capital Markets cut their price objective on shares of Celanese from $73.00 to $46.00 and set an "underperform" rating on the stock in a research report on Thursday, February 20th. Barclays cut their price target on Celanese from $75.00 to $59.00 and set an "equal weight" rating on the stock in a report on Monday, February 24th. UBS Group decreased their price objective on Celanese from $72.00 to $60.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Finally, StockNews.com lowered shares of Celanese from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Celanese has a consensus rating of "Hold" and a consensus target price of $65.61.
View Our Latest Stock Report on Celanese
Celanese Stock Performance
NYSE CE traded down $6.37 during trading on Friday, hitting $40.83. 5,313,870 shares of the company's stock traded hands, compared to its average volume of 1,853,054. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.34. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of -2.93, a PEG ratio of 1.05 and a beta of 1.23. Celanese Co. has a 12-month low of $39.65 and a 12-month high of $169.50. The business has a 50 day moving average of $59.42 and a 200-day moving average of $82.15.
Celanese (NYSE:CE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.20. Celanese had a negative net margin of 14.81% and a positive return on equity of 12.86%. The company had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.36 billion. As a group, equities research analysts anticipate that Celanese Co. will post 8.79 earnings per share for the current fiscal year.
Celanese Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.29%. The ex-dividend date was Tuesday, February 25th. Celanese's dividend payout ratio (DPR) is presently -0.86%.
About Celanese
(
Free Report)
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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