4,058 Shares in Celanese Co. (NYSE:CE) Bought by Symmetry Investments LP

Symmetry Investments LP acquired a new stake in Celanese Co. (NYSE:CE) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,058 shares of the basic materials company’s stock, valued at approximately $281,000.

Other institutional investors have also recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new position in shares of Celanese in the fourth quarter valued at approximately $25,000. UMB Bank n.a. lifted its stake 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 valued at $26,000 after buying an additional 194 shares in the last quarter. CKW Financial Group grew its position 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 purchasing an additional 185 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in shares of Celanese by 43.2% in the fourth quarter. CENTRAL TRUST Co now owns 670 shares of the basic materials company’s stock worth $46,000 after buying an additional 202 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Celanese by 200.8% in 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 period. Institutional investors and hedge funds own 98.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. BMO Capital Markets decreased their price target on Celanese from $73.00 to $46.00 and set an “underperform” rating on the stock in a research note on Thursday, February 20th. Morgan Stanley lowered their price target on Celanese from $100.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Alembic Global Advisors upgraded Celanese from a “neutral” rating to an “overweight” rating and set a $70.00 price objective for the company in a report on Monday, March 17th. Evercore ISI reduced their price objective on Celanese from $85.00 to $75.00 and set an “in-line” rating for the company in a research report on Monday, March 24th. Finally, UBS Group lowered their target price on Celanese from $60.00 to $46.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $61.33.

Celanese Stock Up 5.5 %

Shares of NYSE:CE opened at $41.48 on Wednesday. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of -2.98, a price-to-earnings-growth ratio of 1.05 and a beta of 1.08. The company’s fifty day moving average is $51.05 and its two-hundred day moving average is $73.12. 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 Co. has a 1-year low of $36.29 and a 1-year high of $169.50.

Celanese (NYSE:CE) last announced its earnings results on Tuesday, February 18th. The basic materials company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.20. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Celanese had a positive return on equity of 12.86% and a negative net margin of 14.81%. Equities analysts anticipate that Celanese Co. will post 8.79 EPS for the current 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 $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.29%. The ex-dividend date is Monday, April 28th. Celanese’s dividend payout ratio (DPR) is presently -0.86%.

About Celanese

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.