Csenge Advisory Group lessened its stake in shares of Celanese Co. (NYSE:CE) by 45.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 5,082 shares of the basic materials company’s stock after selling 4,152 shares during the quarter. Csenge Advisory Group’s holdings in Celanese were worth $501,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CE. Acima Private Wealth LLC purchased a new stake in shares of Celanese during the 4th quarter worth approximately $31,000. Baystate Wealth Management LLC raised its position in Celanese by 200.9% in the 4th quarter. Baystate Wealth Management LLC now owns 331 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 221 shares during the last quarter. Pearl River Capital LLC purchased a new stake in Celanese in the 4th quarter valued at $36,000. Prime Capital Investment Advisors LLC purchased a new stake in Celanese in the 4th quarter valued at $37,000. Finally, Investors Research Corp purchased a new stake in Celanese in the 1st quarter valued at $41,000. Institutional investors and hedge funds own 96.45% of the company’s stock.

Shares of CE opened at $101.64 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.03 and a current ratio of 1.58. The firm has a market capitalization of $12.87 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 0.96 and a beta of 1.34. Celanese Co. has a 1 year low of $82.91 and a 1 year high of $119.29.

Celanese (NYSE:CE) last announced its quarterly earnings data on Monday, April 22nd. The basic materials company reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.13. The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Celanese had a net margin of 16.89% and a return on equity of 39.76%. Celanese’s revenue was down 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.79 EPS. As a group, equities research analysts expect that Celanese Co. will post 10.54 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Monday, April 29th were paid a $0.62 dividend. This is a boost from Celanese’s previous quarterly dividend of $0.54. This represents a $2.48 annualized dividend and a yield of 2.44%. The ex-dividend date was Friday, April 26th. Celanese’s payout ratio is currently 22.55%.

CE has been the subject of several research reports. Robert W. Baird upped their price target on shares of Celanese from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Deutsche Bank upped their price target on shares of Celanese from $110.00 to $120.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. UBS Group set a $126.00 price target on shares of Celanese and gave the company a “buy” rating in a research report on Tuesday, January 29th. Zacks Investment Research upgraded shares of Celanese from a “sell” rating to a “hold” rating and set a $114.00 price target for the company in a research report on Monday, April 8th. Finally, Alembic Global Advisors upgraded shares of Celanese from an “underweight” rating to a “neutral” rating and upped their price target for the company from $95.00 to $115.00 in a research report on Monday, April 29th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $119.53.

In other Celanese news, Director John K. Wulff sold 9,175 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $108.32, for a total value of $993,836.00. Following the transaction, the director now directly owns 19,872 shares of the company’s stock, valued at approximately $2,152,535.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.57% of the company’s stock.

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About Celanese

Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through Engineered Materials, Acetate Tow, and Acetyl Chain segments. 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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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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