Celanese Co. (NYSE:CE) Shares Sold by Heartland Bank & Trust Co

Heartland Bank & Trust Co reduced its stake in Celanese Co. (NYSE:CE – Get Rating) by 14.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,038 shares of the basic materials company’s stock after selling 342 shares during the period. Heartland Bank & Trust Co’s holdings in Celanese were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. CVA Family Office LLC acquired a new stake in shares of Celanese in the 4th quarter worth approximately $26,000. Mascoma Wealth Management LLC acquired a new stake in Celanese during the fourth quarter valued at approximately $26,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in Celanese by 115.4% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 168 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 90 shares during the last quarter. Baystate Wealth Management LLC lifted its stake in Celanese by 55.9% during the fourth quarter. Baystate Wealth Management LLC now owns 184 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 66 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Celanese by 355.6% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 205 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 160 shares during the last quarter. 93.81% of the stock is owned by institutional investors.

Celanese stock opened at $120.72 on Thursday. The firm has a market cap of $13.08 billion, a PE ratio of 6.45 and a beta of 1.18. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.64. The firm’s 50 day moving average price is $146.01 and its two-hundred day moving average price is $151.01. Celanese Co. has a twelve month low of $118.47 and a twelve month high of $176.50.

Celanese (NYSE:CE – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The basic materials company reported $5.54 earnings per share for the quarter, beating the consensus estimate of $4.49 by $1.05. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.26 billion. Celanese had a net margin of 22.31% and a return on equity of 50.03%. The company’s revenue for the quarter was up 41.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.46 EPS. Equities analysts anticipate that Celanese Co. will post 18.06 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 12th. Shareholders of record on Thursday, April 28th were given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Wednesday, April 27th. Celanese’s dividend payout ratio is 14.52%.

Several research firms recently commented on CE. Bank of America increased their target price on shares of Celanese from $165.00 to $174.00 and gave the company a “neutral” rating in a research note on Monday, April 18th. StockNews.com raised shares of Celanese from a “hold” rating to a “buy” rating in a research note on Thursday, March 24th. Piper Sandler boosted their price target on shares of Celanese from $140.00 to $145.00 and gave the company an “underweight” rating in a report on Wednesday, May 18th. Finally, Jefferies Financial Group lowered shares of Celanese from a “buy” rating to a “hold” rating in a report on Thursday, June 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Celanese presently has a consensus rating of “Moderate Buy” and an average target price of $189.20.

Celanese Profile (Get Rating)

Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through three segments: Engineered Materials, Acetate Tow, 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.

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