6 days Ago By ABMN Staff
Franklin Resources Inc. lowered its stake in shares of Celanese Co. ( NYSE:CE – Free Report ) by 18.
1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,522 shares of the basic materials company’s stock after selling 4,084 shares during the period. Franklin Resources Inc.
’s holdings in Celanese were worth $1,282,000 as of its most recent filing with the Securities & Exchange Commission. Other hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new position in Celanese during the fourth quarter worth about $222,815,000.
Brandywine Global Investment Management LLC grew its position in shares of Celanese by 1,453.1% in the fourth quarter. Brandywine Global Investment Management LLC now owns 953,802 shares of the basic materials company’s stock valued at $66,013,000 after purchasing an additional 892,391 shares in the last quarter.
KBC Group NV lifted its position in Celanese by 139.8% during the fourth quarter. KBC Group NV now owns 512,253 shares of the basic materials company’s stock worth $35,453,000 after buying an additional 298,596 shares in the last quarter.
Prudential Financial Inc. grew its holdings in Celanese by 353.6% in the 4th quarter.
Prudential Financial Inc. now owns 327,582 shares of the basic materials company’s stock valued at $22,672,000 after buying an additional 255,367 shares in the last quarter. Finally, ING Groep NV acquired a new stake in shares of Celanese in the 4th quarter worth $14,566,000.
Institutional investors and hedge funds own 98.87% of the company’s stock. Analyst Ratings Changes Several equities research analysts recently issued reports on the stock.
Evercore ISI cut their price objective on shares of Celanese from $85.00 to $75.00 and set an “in-line” rating for the company in a research report on Monday, March 24th.
Citigroup lowered their target price on Celanese from $58.00 to $52.00 and set a “neutral” rating for the company in a research note on Friday, April 4th.
BMO Capital Markets reduced their price target on Celanese from $73.00 to $46.00 and set an “underperform” rating on the stock in a research report on Thursday, February 20th.
StockNews.com lowered shares of Celanese from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Finally, Alembic Global Advisors upgraded shares of Celanese from a “neutral” rating to an “overweight” rating and set a $70.
00 price target for the company in a research note on Monday, March 17th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $63.
61. Celanese Stock Performance Shares of CE opened at $39.17 on Tuesday.
The company’s 50 day simple moving average is $54.37 and its 200-day simple moving average is $76.71.
The firm has a market cap of $4.28 billion, a PE ratio of -2.81, a price-to-earnings-growth ratio of 1.
05 and a beta of 1.08. Celanese Co.
has a 12-month low of $36.29 and a 12-month high of $169.50.
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 ( NYSE:CE – Get Free Report ) last posted its quarterly earnings data 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 analyst estimates of $2.36 billion.
As a group, equities analysts predict that Celanese Co. will post 8.79 EPS for the current year.
Celanese Cuts Dividend The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.03 per share.
The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.12 dividend on an annualized basis and a yield of 0.
31%. Celanese’s payout ratio is -0.86%.
Celanese Company Profile ( 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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