Marshall Wace North America L.P. trimmed its holdings in shares of Celanese Co. (NYSE:CE) by 42.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 239,834 shares of the basic materials company’s stock after selling 173,767 shares during the period. Marshall Wace North America L.P. owned approximately 0.18% of Celanese worth $27,341,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. New York State Teachers Retirement System acquired a new position in Celanese in the 2nd quarter valued at approximately $100,000. First Bank & Trust boosted its position in Celanese by 106.4% in the 3rd quarter. First Bank & Trust now owns 1,092 shares of the basic materials company’s stock valued at $127,000 after buying an additional 563 shares during the last quarter. Parallel Advisors LLC boosted its position in Celanese by 875.0% in the 3rd quarter. Parallel Advisors LLC now owns 1,170 shares of the basic materials company’s stock valued at $133,000 after buying an additional 1,050 shares during the last quarter. Capital Guardian Trust Co. bought a new position in shares of Celanese in the 3rd quarter worth $189,000. Finally, Quantum Capital Management bought a new position in shares of Celanese in the 2nd quarter worth $208,000. 96.46% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have issued reports on CE shares. Zacks Investment Research raised Celanese from a “hold” rating to a “buy” rating and set a $112.00 price target on the stock in a research note on Tuesday, October 23rd. Alembic Global Advisors set a $103.00 price target on Celanese and gave the stock a “sell” rating in a report on Thursday, October 18th. Barclays reduced their price target on Celanese from $145.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, October 22nd. Robert W. Baird reduced their price objective on Celanese from $130.00 to $125.00 and set an “outperform” rating for the company in a report on Monday, October 22nd. Finally, Cowen boosted their price objective on Celanese from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, October 26th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company’s stock. Celanese currently has a consensus rating of “Buy” and an average target price of $121.67.
Celanese (NYSE:CE) last posted its quarterly earnings data on Thursday, October 18th. The basic materials company reported $2.96 EPS for the quarter, topping the consensus estimate of $2.74 by $0.22. Celanese had a net margin of 18.57% and a return on equity of 39.39%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.81 billion. Celanese’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.93 earnings per share. Equities analysts predict that Celanese Co. will post 11.1 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 8th. Stockholders of record on Monday, October 29th were issued a dividend of $0.54 per share. The ex-dividend date was Friday, October 26th. This represents a $2.16 annualized dividend and a dividend yield of 2.28%. Celanese’s payout ratio is 28.76%.
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Celanese Company Profile
Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide. The company operates through Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, and Acetyl Intermediates segments.
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