Raymond James & Associates boosted its position in shares of Celanese Co. (NYSE:CE – Get Rating) by 37.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 39,542 shares of the basic materials company’s stock after purchasing an additional 10,804 shares during the period. Raymond James & Associates’ holdings in Celanese were worth $4,043,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its stake in Celanese by 92.6% during the first quarter. Parkside Financial Bank & Trust now owns 181 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 87 shares in the last quarter. Czech National Bank grew its stake in shares of Celanese by 0.8% during the fourth quarter. Czech National Bank now owns 11,676 shares of the basic materials company’s stock worth $1,194,000 after buying an additional 92 shares during the last quarter. First Commonwealth Financial Corp PA grew its stake in shares of Celanese by 2.9% during the first quarter. First Commonwealth Financial Corp PA now owns 3,424 shares of the basic materials company’s stock worth $489,000 after buying an additional 97 shares during the last quarter. MV Capital Management Inc. grew its stake in shares of Celanese by 24.3% during the fourth quarter. MV Capital Management Inc. now owns 543 shares of the basic materials company’s stock worth $56,000 after buying an additional 106 shares during the last quarter. Finally, Global Assets Advisory LLC grew its stake in shares of Celanese by 4.3% during the fourth quarter. Global Assets Advisory LLC now owns 2,568 shares of the basic materials company’s stock worth $263,000 after buying an additional 107 shares during the last quarter. 92.54% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Celanese
In other Celanese news, SVP Mark Christopher Murray acquired 1,008 shares of the company’s stock in a transaction on Friday, May 12th. The shares were purchased at an average cost of $101.69 per share, with a total value of $102,503.52. Following the completion of the purchase, the senior vice president now owns 11,597 shares of the company’s stock, valued at $1,179,298.93. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Thomas Francis Kelly acquired 2,000 shares of the company’s stock in a transaction on Friday, May 19th. The shares were acquired at an average cost of $107.29 per share, for a total transaction of $214,580.00. Following the purchase, the senior vice president now owns 47,165 shares in the company, valued at $5,060,332.85. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Mark Christopher Murray bought 1,008 shares of Celanese stock in a transaction dated Friday, May 12th. The stock was purchased at an average price of $101.69 per share, with a total value of $102,503.52. Following the purchase, the senior vice president now owns 11,597 shares in the company, valued at $1,179,298.93. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 4,208 shares of company stock worth $457,664. 0.33% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Celanese Trading Down 1.2 %
NYSE:CE opened at $106.90 on Thursday. The firm has a fifty day simple moving average of $105.32 and a two-hundred day simple moving average of $109.34. Celanese Co. has a 12 month low of $86.71 and a 12 month high of $161.37. The stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 6.02 and a beta of 1.31. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 2.19.
Celanese (NYSE:CE – Get Rating) last issued its earnings results on Tuesday, May 9th. The basic materials company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.35. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.88 billion. Celanese had a return on equity of 23.75% and a net margin of 14.85%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the company posted $5.54 EPS. Analysts expect that Celanese Co. will post 11.26 EPS for the current fiscal year.
Celanese Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.62%. The ex-dividend date was Friday, April 28th. Celanese’s payout ratio is currently 20.60%.
Celanese Profile
Celanese Corp. engages in the provision of technology and specialty materials businesses. It operates through the following segments: Engineered Materials, Acetate Tow, Acetyl Chain and Other Activities. The Engineered Materials segment includes the engineered materials business, food ingredients business and certain strategic affiliates.
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