Celanese Co. (NYSE:CE) Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd raised its position in shares of Celanese Co. (NYSE:CE - Free Report) by 87.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,276 shares of the basic materials company's stock after acquiring an additional 12,248 shares during the period. UniSuper Management Pty Ltd's holdings in Celanese were worth $1,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. grew its position in Celanese by 103.7% in the fourth quarter. UMB Bank n.a. now owns 381 shares of the basic materials company's stock worth $26,000 after acquiring an additional 194 shares in the last quarter. CKW Financial Group lifted its stake in shares of 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 last quarter. CENTRAL TRUST Co boosted its holdings in shares of Celanese by 43.2% in 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 during the period. EverSource Wealth Advisors LLC increased its position in shares of Celanese by 200.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock valued at $52,000 after purchasing an additional 498 shares during the last quarter. Finally, Brooklyn Investment Group raised its holdings in Celanese by 51.1% during the 4th 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. 98.87% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several research analysts have commented on the stock. Mizuho dropped their price objective on shares of Celanese from $120.00 to $86.00 and set a "neutral" rating for the company in a research note on Thursday, December 5th. Royal Bank of Canada cut shares of Celanese from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from $84.00 to $56.00 in a research note on Thursday, February 20th. Morgan Stanley decreased their price objective on shares of Celanese from $100.00 to $80.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Vertical Research raised Celanese from a "sell" rating to a "hold" rating and set a $66.00 target price on the stock in a research note on Thursday, March 6th. Finally, Jefferies Financial Group decreased their price target on Celanese from $102.00 to $82.00 in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $65.61.

Celanese Stock Down 13.5 %

Shares of NYSE:CE traded down $6.37 during trading on Friday, reaching $40.83. The stock had a trading volume of 5,313,870 shares, compared to its average volume of 1,853,054. The firm's 50-day simple moving average is $59.42 and its 200 day simple moving average is $82.15. The company has a current ratio of 1.34, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. Celanese Co. has a one year low of $39.65 and a one year high of $169.50. The company has a market capitalization of $4.46 billion, a P/E ratio of -2.93, a PEG ratio of 1.05 and a beta of 1.23.

Celanese (NYSE:CE - Get Free Report) last released its quarterly 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 negative net margin of 14.81% and a positive return on equity of 12.86%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. As a group, research analysts expect that Celanese Co. will post 8.79 EPS for the current fiscal year.

Celanese Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.03 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.12 annualized dividend and a dividend yield of 0.29%. Celanese's dividend payout ratio (DPR) is currently -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.