Celanese Co. (NYSE:CE) Holdings Decreased by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC trimmed its position in Celanese Co. (NYSE:CE) by 64.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,028 shares of the basic materials company’s stock after selling 78,286 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Celanese were worth $3,047,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Adage Capital Partners GP L.L.C. grew its position in Celanese by 38.0% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 142,100 shares of the basic materials company’s stock worth $9,835,000 after buying an additional 39,100 shares during the last quarter. Symmetry Investments LP purchased a new stake in Celanese in the 4th quarter worth about $281,000. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Celanese by 4,506.7% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,344,661 shares of the basic materials company’s stock worth $162,274,000 after purchasing an additional 2,293,764 shares during the period. Price T Rowe Associates Inc. MD grew its position in Celanese by 891.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,521,564 shares of the basic materials company’s stock valued at $105,308,000 after purchasing an additional 1,368,104 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Celanese by 12.2% during the 4th quarter. Hsbc Holdings PLC now owns 213,820 shares of the basic materials company’s stock valued at $14,792,000 after acquiring an additional 23,184 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Celanese Trading Down 0.3 %

CE stock opened at $43.56 on Monday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.34 and a quick ratio of 0.76. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of -3.13, a P/E/G ratio of 1.05 and a beta of 1.08. The business has a fifty day moving average price of $49.50 and a 200 day moving average price of $70.81. Celanese Co. has a fifty-two week low of $36.29 and a fifty-two week high of $169.50.

Celanese (NYSE:CE) last announced its earnings results on Tuesday, February 18th. The basic materials company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.20. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. Celanese had a negative net margin of 14.81% and a positive return on equity of 12.86%. Analysts expect that Celanese Co. will post 8.79 EPS for the current fiscal year.

Celanese Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, April 28th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Monday, April 28th. Celanese’s dividend payout ratio (DPR) is -0.86%.

Wall Street Analysts Forecast Growth

CE has been the topic of a number of research reports. BMO Capital Markets dropped their price objective on Celanese from $73.00 to $46.00 and set an “underperform” rating on the stock in a report on Thursday, February 20th. StockNews.com downgraded Celanese from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Robert W. Baird cut their target price on shares of Celanese from $110.00 to $67.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. KeyCorp cut their price target on Celanese from $76.00 to $71.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Finally, Piper Sandler reiterated an “underweight” rating and set a $48.00 price target (down previously from $50.00) on shares of Celanese in a research note on Monday, April 7th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Celanese has an average rating of “Hold” and an average price target of $61.33.

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.