California Public Employees Retirement System Grows Stake in Celanese Co. (CE)

California Public Employees Retirement System lifted its position in shares of Celanese Co. (NYSE:CE) by 3.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 414,201 shares of the basic materials company’s stock after buying an additional 12,881 shares during the quarter. California Public Employees Retirement System’s holdings in Celanese were worth $44,353,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CE. First PREMIER Bank raised its stake in shares of Celanese by 900.0% during the 4th quarter. First PREMIER Bank now owns 1,000 shares of the basic materials company’s stock worth $107,000 after buying an additional 900 shares during the last quarter. Cerebellum GP LLC acquired a new position in shares of Celanese during the 4th quarter worth $129,000. Toronto Dominion Bank raised its stake in shares of Celanese by 8.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,731 shares of the basic materials company’s stock worth $164,000 after buying an additional 134 shares during the last quarter. Wellington Shields & Co. LLC acquired a new position in shares of Celanese during the 4th quarter worth $203,000. Finally, Advisor Group Inc. increased its position in Celanese by 46.9% during the 2nd quarter. Advisor Group Inc. now owns 2,241 shares of the basic materials company’s stock worth $212,000 after purchasing an additional 715 shares in the last quarter. 95.77% of the stock is owned by institutional investors and hedge funds.

Shares of Celanese Co. (NYSE CE) opened at $102.78 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.79 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $13,719.58, a PE ratio of 13.47, a price-to-earnings-growth ratio of 1.33 and a beta of 1.27. Celanese Co. has a fifty-two week low of $83.34 and a fifty-two week high of $114.00.

Celanese (NYSE:CE) last posted its quarterly earnings results on Thursday, January 25th. The basic materials company reported $1.98 EPS for the quarter, beating the consensus estimate of $1.86 by $0.12. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Celanese had a return on equity of 32.96% and a net margin of 13.73%. The firm’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.52 EPS. equities research analysts forecast that Celanese Co. will post 8.52 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Tuesday, February 20th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Friday, February 16th. Celanese’s dividend payout ratio (DPR) is 30.16%.

CE has been the subject of a number of recent research reports. Cowen reiterated a “buy” rating on shares of Celanese in a research report on Sunday, October 29th. Zacks Investment Research upgraded Celanese from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research report on Monday, December 18th. Tudor Pickering initiated coverage on Celanese in a research report on Tuesday, November 14th. They set a “buy” rating for the company. SunTrust Banks reiterated a “buy” rating on shares of Celanese in a research report on Wednesday, January 17th. Finally, Citigroup dropped their price objective on Celanese from $122.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Celanese currently has an average rating of “Buy” and an average price target of $113.28.

In other Celanese news, CFO Christopher W. Jensen sold 3,000 shares of Celanese stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $110.00, for a total value of $330,000.00. Following the completion of the sale, the chief financial officer now owns 52,924 shares in the company, valued at approximately $5,821,640. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.42% of the stock is owned by insiders.

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Celanese Company 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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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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