Huntington National Bank Has $298,000 Holdings in Celanese Co. (NYSE:CE)

Huntington National Bank decreased its position in shares of Celanese Co. (NYSE:CE) by 14.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,300 shares of the basic materials company’s stock after selling 750 shares during the period. Huntington National Bank’s holdings in Celanese were worth $298,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. UMB Bank n.a. raised its position in Celanese by 103.7% in the 4th quarter. UMB Bank n.a. now owns 381 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 194 shares during the last quarter. CKW Financial Group raised its holdings in shares of Celanese by 52.9% in the fourth quarter. CKW Financial Group now owns 535 shares of the basic materials company’s stock valued at $37,000 after buying an additional 185 shares during the last quarter. CENTRAL TRUST Co lifted its position in Celanese by 43.2% during the 4th quarter. CENTRAL TRUST Co now owns 670 shares of the basic materials company’s stock worth $46,000 after buying an additional 202 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Celanese by 200.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 498 shares during the last quarter. Finally, Brooklyn Investment Group increased its position in Celanese by 51.1% in the 4th quarter. Brooklyn Investment Group now owns 1,129 shares of the basic materials company’s stock valued at $78,000 after acquiring an additional 382 shares in the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on CE. Bank of America decreased their price target on shares of Celanese from $88.00 to $72.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Citigroup decreased their price target on Celanese from $58.00 to $52.00 and set a “neutral” rating on the stock in a report on Friday. Barclays dropped their price objective on Celanese from $75.00 to $59.00 and set an “equal weight” rating for the company in a report on Monday, February 24th. StockNews.com lowered shares of Celanese from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Finally, Vertical Research raised shares of Celanese from a “sell” rating to a “hold” rating and set a $66.00 target price for the company in a report on Thursday, March 6th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $65.61.

Celanese Price Performance

Shares of CE opened at $40.83 on Friday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.34. The firm has a market capitalization of $4.46 billion, a PE ratio of -2.93, a P/E/G ratio of 1.05 and a beta of 1.23. The stock has a 50 day simple moving average of $59.42 and a 200 day simple moving average of $82.15. Celanese Co. has a 52-week low of $39.62 and a 52-week high of $169.50.

Celanese (NYSE:CE) last issued its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.20. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. Celanese had a negative net margin of 14.81% and a positive return on equity of 12.86%. Sell-side analysts predict that Celanese Co. will post 8.79 EPS for the current fiscal year.

Celanese Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.12 annualized dividend and a dividend yield of 0.29%. Celanese’s dividend payout ratio is currently -0.86%.

Celanese Profile

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.