Sciencast Management LP bought a new position in Celanese Co. (NYSE:CE) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,788 shares of the basic materials company’s stock, valued at approximately $754,000.
Other hedge funds have also recently modified their holdings of the company. Gateway Investment Advisers LLC raised its stake in Celanese by 27.3% in the 4th quarter. Gateway Investment Advisers LLC now owns 77,739 shares of the basic materials company’s stock worth $8,324,000 after acquiring an additional 16,668 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in Celanese by 1.2% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 434,546 shares of the basic materials company’s stock worth $45,310,000 after purchasing an additional 5,242 shares during the period. Macquarie Group Ltd. grew its position in Celanese by 10.2% during the 3rd quarter. Macquarie Group Ltd. now owns 157,840 shares of the basic materials company’s stock worth $16,458,000 after purchasing an additional 14,650 shares during the period. Swiss National Bank grew its position in Celanese by 0.5% during the 3rd quarter. Swiss National Bank now owns 516,230 shares of the basic materials company’s stock worth $53,827,000 after purchasing an additional 2,700 shares during the period. Finally, Caxton Associates LP acquired a new stake in Celanese during the 3rd quarter worth about $532,000. Institutional investors own 95.83% of the company’s stock.
Shares of Celanese Co. (NYSE:CE) opened at $107.83 on Wednesday. Celanese Co. has a 12-month low of $83.34 and a 12-month high of $114.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.21 and a current ratio of 1.79. The company has a market capitalization of $14,615.27, a PE ratio of 14.33, a PEG ratio of 1.40 and a beta of 1.29.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Tuesday, February 20th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Friday, February 16th. Celanese’s dividend payout ratio (DPR) is presently 30.16%.
In other news, CFO Christopher W. Jensen sold 3,000 shares of the firm’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $110.00, for a total transaction of $330,000.00. Following the sale, the chief financial officer now directly owns 52,924 shares in the company, valued at approximately $5,821,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is owned by company insiders.
Several equities research analysts have weighed in on the company. Jefferies Group reaffirmed a “buy” rating and set a $130.00 price target on shares of Celanese in a research report on Monday, January 29th. UBS Group increased their price target on Celanese from $107.00 to $113.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. SunTrust Banks reaffirmed a “buy” rating on shares of Celanese in a research report on Wednesday, January 17th. Robert W. Baird reaffirmed a “buy” rating and set a $130.00 price target on shares of Celanese in a research report on Monday, January 29th. Finally, Zacks Investment Research raised Celanese from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Celanese presently has an average rating of “Buy” and an average price target of $113.28.
ILLEGAL ACTIVITY NOTICE: “Sciencast Management LP Takes Position in Celanese Co. (CE)” was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://stocknewstimes.com/2018/03/14/sciencast-management-lp-takes-position-in-celanese-co-ce.html.
Celanese Corporation (Celanese) is a technology and specialty materials company. The Company’s segments include Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates and Other Activities. The Advanced Engineered Materials segment includes the Company’s engineered materials business and certain affiliates.
Want to see what other hedge funds are holding CE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Celanese Co. (NYSE:CE).
Receive News & Ratings for Celanese Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celanese and related companies with MarketBeat.com's FREE daily email newsletter.