Celanese Co. (CE) Shares Bought by LSV Asset Management

LSV Asset Management raised its holdings in Celanese Co. (NYSE:CE) by 14.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,824,214 shares of the basic materials company’s stock after buying an additional 350,175 shares during the quarter. LSV Asset Management’s holdings in Celanese were worth $254,094,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CE. Atria Investments LLC raised its stake in Celanese by 30.0% in the third quarter. Atria Investments LLC now owns 4,950 shares of the basic materials company’s stock valued at $564,000 after buying an additional 1,141 shares during the last quarter. Lourd Capital LLC purchased a new position in shares of Celanese in the third quarter worth about $241,000. DNB Asset Management AS raised its stake in shares of Celanese by 12.1% in the third quarter. DNB Asset Management AS now owns 19,980 shares of the basic materials company’s stock worth $2,278,000 after purchasing an additional 2,156 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Celanese by 55.4% in the third quarter. Bank of Montreal Can now owns 40,800 shares of the basic materials company’s stock worth $4,650,000 after purchasing an additional 14,542 shares during the last quarter. Finally, Polianta Ltd purchased a new position in shares of Celanese in the third quarter worth about $1,162,000. Institutional investors own 96.22% of the company’s stock.

Several research analysts have recently issued reports on the company. Zacks Investment Research cut Celanese from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Vertical Research upgraded Celanese from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a research note on Wednesday, October 17th. Cowen cut Celanese from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $122.00 to $108.00 in a research note on Wednesday, February 6th. ValuEngine upgraded Celanese from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. Finally, Barclays reduced their price objective on Celanese from $145.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, October 22nd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. Celanese presently has an average rating of “Hold” and an average price target of $115.24.

Celanese stock opened at $96.03 on Monday. The stock has a market cap of $12.84 billion, a P/E ratio of 8.73, a P/E/G ratio of 0.92 and a beta of 1.31. Celanese Co. has a 52 week low of $82.91 and a 52 week high of $119.29. The company has a current ratio of 1.62, a quick ratio of 1.03 and a debt-to-equity ratio of 0.88.

Celanese (NYSE:CE) last posted its earnings results on Monday, January 28th. The basic materials company reported $2.38 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.02). The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.72 billion. Celanese had a return on equity of 40.37% and a net margin of 16.87%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the business earned $1.98 earnings per share. Research analysts anticipate that Celanese Co. will post 10.41 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Tuesday, February 19th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Friday, February 15th. Celanese’s dividend payout ratio (DPR) is 19.64%.

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Celanese 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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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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