Headlands Technologies LLC Buys New Shares in Celanese Co. (NYSE:CE)

Headlands Technologies LLC acquired a new stake in shares of Celanese Co. (NYSE:CEFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 787 shares of the basic materials company’s stock, valued at approximately $99,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its position in shares of Celanese by 92.6% during the 1st quarter. Parkside Financial Bank & Trust now owns 181 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 87 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Celanese by 83.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 226 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 103 shares in the last quarter. Certified Advisory Corp bought a new stake in shares of Celanese during the 1st quarter worth $27,000. ORG Partners LLC purchased a new stake in shares of Celanese in the third quarter valued at $38,000. Finally, Clearstead Advisors LLC lifted its holdings in shares of Celanese by 41.7% in the third quarter. Clearstead Advisors LLC now owns 340 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Celanese Stock Performance

CE stock opened at $148.92 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.63 and a debt-to-equity ratio of 1.77. Celanese Co. has a twelve month low of $97.12 and a twelve month high of $159.06. The business’s fifty day moving average is $148.33 and its 200-day moving average is $132.17. The company has a market cap of $16.21 billion, a P/E ratio of 8.02, a price-to-earnings-growth ratio of 4.05 and a beta of 1.36.

Celanese Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 5th. Investors of record on Tuesday, February 20th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, February 16th. Celanese’s dividend payout ratio is currently 15.09%.

Analysts Set New Price Targets

Several analysts recently issued reports on CE shares. Piper Sandler upgraded Celanese from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $112.00 to $135.00 in a report on Tuesday, November 21st. Royal Bank of Canada decreased their price objective on Celanese from $145.00 to $142.00 and set an “outperform” rating on the stock in a report on Wednesday, November 8th. KeyCorp lifted their target price on shares of Celanese from $150.00 to $176.00 and gave the company an “overweight” rating in a research note on Tuesday, January 9th. Citigroup lifted their target price on shares of Celanese from $130.00 to $145.00 and gave the company a “neutral” rating in a research note on Wednesday, December 13th. Finally, Alembic Global Advisors cut shares of Celanese from an “overweight” rating to a “neutral” rating and set a $160.00 target price for the company. in a research note on Monday, January 22nd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $136.29.

Get Our Latest Analysis on CE

Celanese Profile

(Free Report)

Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. 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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