State of Wisconsin Investment Board grew its position in Celanese Corporation (NYSE:CE) by 4.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,769 shares of the basic materials company’s stock after purchasing an additional 4,971 shares during the period. State of Wisconsin Investment Board owned approximately 0.08% of Celanese Corporation worth $11,237,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Koch Industries Inc. bought a new stake in shares of Celanese Corporation in the second quarter valued at about $289,000. Uniplan Investment Counsel Inc. bought a new stake in shares of Celanese Corporation in the second quarter valued at about $15,843,000. Swiss National Bank lifted its holdings in shares of Celanese Corporation by 1.2% in the second quarter. Swiss National Bank now owns 513,530 shares of the basic materials company’s stock valued at $48,755,000 after purchasing an additional 6,100 shares in the last quarter. BT Investment Management Ltd bought a new stake in shares of Celanese Corporation in the second quarter valued at about $8,922,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Celanese Corporation by 166.7% in the second quarter. SG Americas Securities LLC now owns 10,683 shares of the basic materials company’s stock valued at $1,014,000 after purchasing an additional 6,677 shares in the last quarter. Institutional investors own 97.90% of the company’s stock.
A number of research firms recently issued reports on CE. Tudor Pickering began coverage on Celanese Corporation in a research report on Tuesday. They issued a “buy” rating on the stock. Cowen and Company reaffirmed a “buy” rating on shares of Celanese Corporation in a research report on Sunday, October 29th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $122.00 target price on shares of Celanese Corporation in a research report on Thursday, October 19th. Citigroup Inc. lowered their target price on Celanese Corporation from $122.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 18th. Finally, Royal Bank Of Canada lifted their target price on Celanese Corporation from $109.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $107.74.
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Celanese Corporation (CE) opened at $103.13 on Thursday. The firm has a market capitalization of $14,226.86, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 1.58 and a beta of 1.31. The company has a current ratio of 1.69, a quick ratio of 1.16 and a debt-to-equity ratio of 0.94. Celanese Corporation has a 12-month low of $75.79 and a 12-month high of $109.11.
Celanese Corporation (NYSE:CE) last announced its quarterly earnings results on Monday, October 16th. The basic materials company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.01. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.49 billion. Celanese Corporation had a return on equity of 31.98% and a net margin of 13.66%. The business’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 earnings per share. equities analysts forecast that Celanese Corporation will post 7.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Monday, October 30th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Friday, October 27th. Celanese Corporation’s dividend payout ratio (DPR) is presently 32.11%.
In other news, Director John K. Wulff sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $105.88, for a total transaction of $264,700.00. Following the completion of the sale, the director now owns 30,175 shares in the company, valued at $3,194,929. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Christopher W. Jensen sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $104.68, for a total value of $104,680.00. Following the sale, the chief financial officer now owns 60,086 shares of the company’s stock, valued at approximately $6,289,802.48. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.
Celanese Corporation Profile
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.
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