Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Celanese Co. (NYSE:CE) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,202,996 shares of the basic materials company’s stock after purchasing an additional 52,102 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Celanese were worth $235,897,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of CE. First PREMIER Bank lifted its stake in shares of Celanese by 900.0% in the 4th quarter. First PREMIER Bank now owns 1,000 shares of the basic materials company’s stock worth $107,000 after acquiring an additional 900 shares during the period. Cerebellum GP LLC acquired a new stake in shares of Celanese in the 4th quarter worth approximately $129,000. Toronto Dominion Bank lifted its stake in Celanese by 8.4% during the second quarter. Toronto Dominion Bank now owns 1,731 shares of the basic materials company’s stock valued at $164,000 after purchasing an additional 134 shares during the last quarter. Wellington Shields & Co. LLC acquired a new stake in Celanese during the fourth quarter valued at approximately $203,000. Finally, IBM Retirement Fund acquired a new stake in Celanese during the third quarter valued at approximately $217,000. 95.77% of the stock is owned by institutional investors.
Several research firms recently commented on CE. UBS Group increased their target price on shares of Celanese from $107.00 to $113.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. SunTrust Banks reissued a “buy” rating on shares of Celanese in a research note on Wednesday, January 17th. Zacks Investment Research lowered shares of Celanese from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Tudor Pickering began coverage on shares of Celanese in a research note on Tuesday, November 14th. They set a “buy” rating for the company. Finally, Robert W. Baird reissued a “buy” rating and set a $130.00 target price on shares of Celanese in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Celanese has an average rating of “Buy” and a consensus target price of $113.28.
Shares of Celanese Co. (NYSE:CE) opened at $102.49 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.79 and a quick ratio of 1.16. The company has a market cap of $13,920.00, a P/E ratio of 16.56, a P/E/G ratio of 1.36 and a beta of 1.27. Celanese Co. has a 12-month low of $83.34 and a 12-month high of $114.00.
Celanese (NYSE:CE) last issued its quarterly earnings results on Thursday, January 25th. The basic materials company reported $1.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.86 by $0.12. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.49 billion. Celanese had a net margin of 13.73% and a return on equity of 32.96%. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.52 EPS. research analysts forecast that Celanese Co. will post 8.52 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Tuesday, February 20th will be given a $0.46 dividend. The ex-dividend date is Friday, February 16th. This represents a $1.84 annualized dividend and a dividend yield of 1.80%. Celanese’s dividend payout ratio (DPR) is presently 29.73%.
In related news, CFO Christopher W. Jensen sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $110.00, for a total value of $330,000.00. Following the completion of the sale, the chief financial officer now owns 52,924 shares in the company, valued at approximately $5,821,640. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.42% of the stock is currently owned by corporate insiders.
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Celanese Company Profile
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.
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