Charles Schwab Funding Administration Inc. boosted its holdings in Celanese Co. (NYSE:CE – Free Report) by 7.6% within the third quarter, in response to its most up-to-date Type 13F submitting with the Securities & Trade Fee. The fund owned 990,901 shares of the essential supplies firm’s inventory after buying a further 69,606 shares in the course of the interval. Charles Schwab Funding Administration Inc. owned roughly 0.91% of Celanese value $134,723,000 on the finish of the latest reporting interval.
A variety of different institutional buyers and hedge funds have additionally not too long ago modified their holdings of CE. Dimensional Fund Advisors LP boosted its holdings in Celanese by 14.9% in the course of the 2nd quarter. Dimensional Fund Advisors LP now owns 1,161,298 shares of the essential supplies firm’s inventory valued at $156,663,000 after buying a further 150,201 shares in the course of the interval. Financial institution of New York Mellon Corp boosted its stake in shares of Celanese by 0.8% in the course of the second quarter. Financial institution of New York Mellon Corp now owns 1,085,522 shares of the essential supplies firm’s inventory valued at $146,426,000 after buying a further 8,700 shares in the course of the interval. Thrivent Monetary for Lutherans grew its holdings in shares of Celanese by 608.2% within the third quarter. Thrivent Monetary for Lutherans now owns 689,570 shares of the essential supplies firm’s inventory value $93,754,000 after buying a further 592,196 shares over the past quarter. Epoch Funding Companions Inc. elevated its stake in shares of Celanese by 14.1% within the second quarter. Epoch Funding Companions Inc. now owns 378,507 shares of the essential supplies firm’s inventory value $51,057,000 after shopping for a further 46,732 shares in the course of the interval. Lastly, LPL Monetary LLC raised its holdings in Celanese by 528.9% in the course of the 2nd quarter. LPL Monetary LLC now owns 260,523 shares of the essential supplies firm’s inventory valued at $35,142,000 after shopping for a further 219,095 shares over the past quarter. 98.87% of the inventory is owned by institutional buyers.
Analysts Set New Value Targets
A variety of analysis corporations have issued experiences on CE. Piper Sandler reduce shares of Celanese from a “impartial” ranking to an “underweight” ranking and decreased their worth goal for the corporate from $150.00 to $98.00 in a analysis report on Friday, November eighth. Wells Fargo & Firm lowered Celanese from an “obese” ranking to an “equal weight” ranking and lowered their worth goal for the corporate from $165.00 to $115.00 in a analysis report on Tuesday, November fifth. Mizuho dropped their worth goal on Celanese from $132.00 to $120.00 and set a “impartial” ranking for the corporate in a report on Tuesday, November fifth. JPMorgan Chase & Co. raised Celanese from an “underweight” ranking to a “impartial” ranking and lowered their goal worth for the corporate from $156.00 to $130.00 in a analysis be aware on Monday, August fifth. Lastly, UBS Group lowered Celanese from a “purchase” ranking to a “impartial” ranking and dropped their worth goal for the inventory from $161.00 to $97.00 in a analysis be aware on Monday, November eleventh. 5 analysts have rated the inventory with a promote ranking, ten have assigned a maintain ranking and three have issued a purchase ranking to the corporate. Based mostly on knowledge from MarketBeat.com, the inventory at the moment has a consensus ranking of “Maintain” and a mean goal worth of $120.59.
View Our Newest Analysis Report on Celanese
Celanese Value Efficiency
Shares of CE opened at $74.70 on Monday. Celanese Co. has a fifty-two week low of $71.38 and a fifty-two week excessive of $172.16. The agency’s 50-day easy shifting common is $116.72 and its two-hundred day easy shifting common is $130.56. The inventory has a market cap of $8.17 billion, a PE ratio of seven.52, a price-to-earnings-growth ratio of 0.77 and a beta of 1.31. The corporate has a debt-to-equity ratio of 1.47, a fast ratio of 0.76 and a present ratio of 1.37.
Celanese (NYSE:CE – Get Free Report) final posted its quarterly earnings outcomes on Monday, November 4th. The essential supplies firm reported $2.44 earnings per share for the quarter, lacking the consensus estimate of $2.85 by ($0.41). The corporate had income of $2.65 billion in the course of the quarter, in comparison with analysts’ expectations of $2.70 billion. Celanese had a return on fairness of 13.17% and a internet margin of 10.40%. The enterprise’s quarterly income was down 2.8% on a year-over-year foundation. Throughout the identical quarter within the earlier 12 months, the corporate earned $2.50 EPS. Analysts anticipate that Celanese Co. will publish 8.67 earnings per share for the present fiscal 12 months.
Celanese Dividend Announcement
The corporate additionally not too long ago declared a quarterly dividend, which was paid on Wednesday, November thirteenth. Buyers of file on Wednesday, October thirtieth had been paid a $0.70 dividend. This represents a $2.80 dividend on an annualized foundation and a yield of three.75%. The ex-dividend date was Wednesday, October thirtieth. Celanese’s payout ratio is 28.17%.
About Celanese
Celanese Company, a chemical and specialty supplies firm, manufactures and sells excessive efficiency engineered polymers in america and internationally. It operates by Engineered Supplies and Acetyl Chain. The Engineered Supplies phase develops, produces, and provides specialty polymers for automotive and medical purposes, in addition to to be used in industrial merchandise and client electronics.
Additional Studying
Need to see what different hedge funds are holding CE? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Celanese Co. (NYSE:CE – Free Report).
Obtain Information & Rankings for Celanese Day by day – Enter your electronic mail handle beneath to obtain a concise each day abstract of the most recent information and analysts’ rankings for Celanese and associated corporations with MarketBeat.com’s FREE each day electronic mail publication.
