Fmr LLC boosted its holdings in Celanese Co. (NYSE:CE) by 3.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,442,485 shares of the basic materials company’s stock after purchasing an additional 54,265 shares during the quarter. Fmr LLC’s holdings in Celanese were worth $164,443,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Aperio Group LLC boosted its stake in Celanese by 1.7% during the second quarter. Aperio Group LLC now owns 75,702 shares of the basic materials company’s stock worth $8,407,000 after buying an additional 1,257 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Celanese by 60.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 14,223 shares of the basic materials company’s stock worth $1,579,000 after buying an additional 5,333 shares during the last quarter. Smith Asset Management Group LP boosted its stake in Celanese by 6.6% during the second quarter. Smith Asset Management Group LP now owns 279,336 shares of the basic materials company’s stock worth $30,060,000 after buying an additional 17,279 shares during the last quarter. New York State Teachers Retirement System acquired a new position in Celanese during the second quarter worth $100,000. Finally, KBC Group NV boosted its stake in Celanese by 24.2% during the second quarter. KBC Group NV now owns 92,857 shares of the basic materials company’s stock worth $10,313,000 after buying an additional 18,066 shares during the last quarter. Institutional investors and hedge funds own 96.46% of the company’s stock.

NYSE:CE opened at $91.26 on Friday. Celanese Co. has a 52 week low of $91.20 and a 52 week high of $119.29. The company has a current ratio of 2.08, a quick ratio of 1.40 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $12.84 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 0.87 and a beta of 1.41.

Celanese (NYSE:CE) last posted its earnings results on Thursday, October 18th. The basic materials company reported $2.96 EPS for the quarter, beating the Zacks’ consensus estimate of $2.74 by $0.22. Celanese had a return on equity of 39.39% and a net margin of 18.57%. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the business earned $1.93 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, research analysts predict that Celanese Co. will post 11.1 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 8th. Investors of record on Monday, October 29th were issued a $0.54 dividend. The ex-dividend date was Friday, October 26th. This represents a $2.16 annualized dividend and a dividend yield of 2.37%. Celanese’s dividend payout ratio is presently 28.76%.

CE has been the topic of a number of recent research reports. Zacks Investment Research raised Celanese from a “hold” rating to a “buy” rating and set a $112.00 price objective on the stock in a research note on Tuesday, October 23rd. Alembic Global Advisors set a $103.00 price objective on Celanese and gave the stock a “sell” rating in a research note on Thursday, October 18th. Barclays lowered their price objective on Celanese from $145.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, October 22nd. Robert W. Baird reduced their target price on Celanese from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Monday, October 22nd. Finally, Nomura reduced their target price on Celanese from $120.00 to $108.00 and set a “neutral” rating on the stock in a research report on Monday, October 15th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $121.67.

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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.

Further Reading: Return on Equity (ROE)

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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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