Dupont Capital Management Corp Sells 16,500 Shares of Celanese Co. (CE)

Dupont Capital Management Corp lowered its holdings in shares of Celanese Co. (NYSE:CE) by 67.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,000 shares of the basic materials company’s stock after selling 16,500 shares during the period. Dupont Capital Management Corp’s holdings in Celanese were worth $720,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CE. Atria Investments LLC increased its holdings in Celanese by 30.0% during the 3rd quarter. Atria Investments LLC now owns 4,950 shares of the basic materials company’s stock valued at $564,000 after purchasing an additional 1,141 shares during the period. DNB Asset Management AS increased its holdings in Celanese by 12.1% during the 3rd quarter. DNB Asset Management AS now owns 19,980 shares of the basic materials company’s stock valued at $2,278,000 after purchasing an additional 2,156 shares during the period. Bank of Montreal Can increased its holdings in Celanese by 55.4% during the 3rd quarter. Bank of Montreal Can now owns 40,800 shares of the basic materials company’s stock valued at $4,650,000 after purchasing an additional 14,542 shares during the period. First Hawaiian Bank purchased a new position in Celanese during the 3rd quarter valued at about $787,000. Finally, Andra AP fonden increased its holdings in Celanese by 15.1% during the 3rd quarter. Andra AP fonden now owns 38,900 shares of the basic materials company’s stock valued at $4,435,000 after purchasing an additional 5,100 shares during the period. Hedge funds and other institutional investors own 96.22% of the company’s stock.

CE stock opened at $98.82 on Thursday. Celanese Co. has a fifty-two week low of $82.91 and a fifty-two week high of $119.29. The company has a current ratio of 1.62, a quick ratio of 1.03 and a debt-to-equity ratio of 0.88. The company has a market cap of $13.28 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 0.92 and a beta of 1.31.

Celanese (NYSE:CE) last issued its quarterly earnings results on Monday, January 28th. The basic materials company reported $2.38 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.02). Celanese had a return on equity of 40.37% and a net margin of 16.87%. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the firm earned $1.98 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts expect that Celanese Co. will post 10.41 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Tuesday, February 19th will be given a $0.54 dividend. The ex-dividend date of this dividend is Friday, February 15th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.19%. Celanese’s dividend payout ratio is currently 19.64%.

CE has been the topic of a number of research analyst reports. SunTrust Banks downgraded Celanese from a “buy” rating to a “hold” rating in a report on Monday, January 14th. Royal Bank of Canada reiterated a “buy” rating and set a $118.00 target price on shares of Celanese in a report on Thursday, December 20th. Vertical Research upgraded Celanese from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a report on Wednesday, October 17th. Stifel Nicolaus assumed coverage on Celanese in a report on Monday, December 10th. They set a “hold” rating and a $100.00 target price on the stock. Finally, Alembic Global Advisors reiterated a “sell” rating on shares of Celanese in a report on Thursday, December 20th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. Celanese presently has an average rating of “Hold” and a consensus target price of $115.24.

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Celanese Profile

Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide. The company operates through Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, and Acetyl Intermediates segments.

Featured Article: SEC Filing

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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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