Celanese Co. (NYSE:CE) Shares Purchased by Aigen Investment Management LP

Aigen Investment Management LP boosted its holdings in Celanese Co. (NYSE:CE) by 46.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,777 shares of the basic materials company’s stock after acquiring an additional 6,857 shares during the quarter. Aigen Investment Management LP’s holdings in Celanese were worth $1,507,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Louisiana State Employees Retirement System boosted its holdings in shares of Celanese by 8.8% in the third quarter. Louisiana State Employees Retirement System now owns 6,200 shares of the basic materials company’s stock valued at $843,000 after acquiring an additional 500 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in Celanese by 5.2% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,265 shares of the basic materials company’s stock valued at $308,000 after purchasing an additional 111 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Celanese by 18.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,641 shares of the basic materials company’s stock valued at $223,000 after purchasing an additional 255 shares during the period. Van ECK Associates Corp raised its stake in shares of Celanese by 30.5% in the 3rd quarter. Van ECK Associates Corp now owns 21,009 shares of the basic materials company’s stock worth $2,709,000 after buying an additional 4,905 shares in the last quarter. Finally, National Pension Service lifted its holdings in shares of Celanese by 21.7% in the third quarter. National Pension Service now owns 233,480 shares of the basic materials company’s stock valued at $31,744,000 after buying an additional 41,598 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

Celanese Trading Up 2.5 %

NYSE:CE opened at $48.19 on Wednesday. The stock has a market cap of $5.27 billion, a PE ratio of -3.46, a price-to-earnings-growth ratio of 1.05 and a beta of 1.17. Celanese Co. has a fifty-two week low of $45.94 and a fifty-two week high of $172.16. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.34 and a quick ratio of 0.76. The stock’s 50-day moving average is $66.25 and its two-hundred day moving average is $93.57.

Celanese (NYSE:CE) last announced its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.20. Celanese had a negative net margin of 14.81% and a positive return on equity of 12.86%. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. As a group, equities research analysts forecast that Celanese Co. will post 8.79 earnings per share for the current fiscal year.

Celanese Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.03 per share. The ex-dividend date is Tuesday, February 25th. This represents a $0.12 annualized dividend and a dividend yield of 0.25%. Celanese’s dividend payout ratio is -0.86%.

Wall Street Analysts Forecast Growth

CE has been the topic of a number of research analyst reports. Bank of America lowered their target price on Celanese from $88.00 to $72.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Robert W. Baird dropped their target price on shares of Celanese from $110.00 to $67.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Mizuho reduced their target price on shares of Celanese from $120.00 to $86.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. StockNews.com cut Celanese from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Finally, Piper Sandler reduced their price objective on Celanese from $77.00 to $50.00 and set an “underweight” rating for the company in a research note on Tuesday, February 25th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $76.31.

Celanese Company Profile

Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials 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.