Celanese Corporation (NYSE:CE) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its stake in Celanese Corporation (NYSE:CE) by 22.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 281,063 shares of the basic materials company’s stock after purchasing an additional 51,444 shares during the period. Teacher Retirement System of Texas owned 0.21% of Celanese Corporation worth $29,306,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CE. JPMorgan Chase & Co. raised its position in Celanese Corporation by 33.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,999,260 shares of the basic materials company’s stock worth $284,749,000 after buying an additional 752,057 shares during the last quarter. Boston Partners raised its position in Celanese Corporation by 28.0% during the 2nd quarter. Boston Partners now owns 2,850,620 shares of the basic materials company’s stock worth $270,637,000 after buying an additional 623,671 shares during the last quarter. Victory Capital Management Inc. raised its position in Celanese Corporation by 33.2% during the 2nd quarter. Victory Capital Management Inc. now owns 2,013,602 shares of the basic materials company’s stock worth $191,171,000 after buying an additional 501,469 shares during the last quarter. Nordea Investment Management AB raised its position in Celanese Corporation by 277.5% during the 2nd quarter. Nordea Investment Management AB now owns 597,713 shares of the basic materials company’s stock worth $56,747,000 after buying an additional 439,378 shares during the last quarter. Finally, Standard Life Investments LTD purchased a new position in Celanese Corporation during the 2nd quarter worth approximately $38,550,000. Institutional investors own 96.76% of the company’s stock.

Celanese Corporation (NYSE:CE) traded down $1.15 during trading hours on Thursday, hitting $105.93. 363,000 shares of the stock traded hands, compared to its average volume of 881,956. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.16 and a current ratio of 1.69. The stock has a market cap of $14,370.00, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 1.62 and a beta of 1.31. Celanese Corporation has a 52-week low of $75.79 and a 52-week high of $109.11.

Celanese Corporation (NYSE:CE) last posted its earnings results on Monday, October 16th. The basic materials company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.01. Celanese Corporation had a net margin of 13.66% and a return on equity of 31.98%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the firm earned $1.67 EPS. The business’s quarterly revenue was up 18.4% on a year-over-year basis. equities research analysts forecast that Celanese Corporation will post 7.37 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Monday, October 30th were paid a dividend of $0.46 per share. The ex-dividend date was Friday, October 27th. This represents a $1.84 annualized dividend and a yield of 1.74%. Celanese Corporation’s dividend payout ratio (DPR) is presently 31.62%.

In other news, CFO Christopher W. Jensen sold 1,000 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $104.68, for a total transaction of $104,680.00. Following the transaction, the chief financial officer now owns 60,086 shares of the company’s stock, valued at approximately $6,289,802.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John K. Wulff sold 2,500 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $105.88, for a total transaction of $264,700.00. Following the transaction, the director now directly owns 30,175 shares in the company, valued at approximately $3,194,929. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

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A number of equities analysts have issued reports on the stock. Royal Bank Of Canada raised their price target on shares of Celanese Corporation from $109.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 18th. BidaskClub lowered shares of Celanese Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Jefferies Group LLC reissued a “buy” rating and set a $122.00 price target on shares of Celanese Corporation in a research report on Thursday, October 19th. KeyCorp reissued a “buy” rating and set a $106.00 price target on shares of Celanese Corporation in a research report on Thursday, August 24th. Finally, UBS Group AG raised their price target on shares of Celanese Corporation from $100.00 to $107.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $107.74.

About Celanese Corporation

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.

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

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