Worldquant Millennium Quantitative Strategies LLC raised its position in shares of Celanese Co. (NYSE:CE) by 84.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 167,135 shares of the basic materials company’s stock after purchasing an additional 76,696 shares during the quarter. Worldquant Millennium Quantitative Strategies LLC owned 0.12% of Celanese worth $15,037,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Celanese by 29.0% in the 4th quarter. BlackRock Inc. now owns 9,467,199 shares of the basic materials company’s stock valued at $851,766,000 after buying an additional 2,127,883 shares during the period. Lyrical Asset Management LP lifted its holdings in shares of Celanese by 3.6% in the 3rd quarter. Lyrical Asset Management LP now owns 3,470,638 shares of the basic materials company’s stock valued at $395,653,000 after buying an additional 122,213 shares during the period. LSV Asset Management lifted its holdings in shares of Celanese by 14.2% in the 4th quarter. LSV Asset Management now owns 2,824,214 shares of the basic materials company’s stock valued at $254,094,000 after buying an additional 350,175 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Celanese by 30.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,454,977 shares of the basic materials company’s stock valued at $220,874,000 after buying an additional 569,316 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Celanese by 21.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,084,382 shares of the basic materials company’s stock valued at $237,621,000 after buying an additional 369,361 shares during the period. Institutional investors and hedge funds own 96.45% of the company’s stock.
CE has been the subject of a number of analyst reports. SunTrust Banks cut Celanese from a “buy” rating to a “hold” rating in a report on Monday, January 14th. Zacks Investment Research cut Celanese from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $118.00 price target on shares of Celanese in a report on Thursday, December 20th. Stifel Nicolaus initiated coverage on Celanese in a report on Monday, December 10th. They issued a “hold” rating and a $100.00 price target for the company. Finally, Alembic Global Advisors reaffirmed a “sell” rating on shares of Celanese in a report on Thursday, December 20th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $115.24.
NYSE:CE traded up $1.78 during trading hours on Thursday, reaching $102.78. 7,131 shares of the stock were exchanged, compared to its average volume of 975,139. The company has a quick ratio of 1.03, a current ratio of 1.62 and a debt-to-equity ratio of 0.88. Celanese Co. has a twelve month low of $82.91 and a twelve month high of $119.29. The stock has a market capitalization of $12.94 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 0.97 and a beta of 1.33.
Celanese (NYSE:CE) last released its quarterly earnings results on Monday, January 28th. The basic materials company reported $2.38 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.02). Celanese had a return on equity of 40.37% and a net margin of 16.87%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the company earned $1.98 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, sell-side analysts expect that Celanese Co. will post 10.41 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 19th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, February 15th. Celanese’s payout ratio is currently 19.64%.
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Celanese Company Profile
Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through Engineered Materials, Acetate Tow, and Acetyl Chain segments. 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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