Schwab Charles Investment Management Inc. lowered its stake in shares of Celanese Co. (NYSE:CE) by 9.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 285,567 shares of the basic materials company’s stock after selling 28,908 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Celanese were worth $30,579,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Gateway Investment Advisers LLC boosted its position in shares of Celanese by 27.3% during the 4th quarter. Gateway Investment Advisers LLC now owns 77,739 shares of the basic materials company’s stock worth $8,324,000 after purchasing an additional 16,668 shares during the period. Koch Industries Inc. purchased a new position in shares of Celanese during the 2nd quarter worth approximately $289,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Celanese by 1.2% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 434,546 shares of the basic materials company’s stock worth $45,310,000 after purchasing an additional 5,242 shares during the period. Macquarie Group Ltd. boosted its position in shares of Celanese by 10.2% during the 3rd quarter. Macquarie Group Ltd. now owns 157,840 shares of the basic materials company’s stock worth $16,458,000 after purchasing an additional 14,650 shares during the period. Finally, Aperio Group LLC boosted its position in shares of Celanese by 52.1% during the 3rd quarter. Aperio Group LLC now owns 70,114 shares of the basic materials company’s stock worth $7,311,000 after purchasing an additional 24,011 shares during the period. 95.77% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Christopher W. Jensen sold 3,000 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now directly owns 52,924 shares in the company, valued at approximately $5,821,640. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.42% of the stock is currently owned by company insiders.

A number of equities analysts recently weighed in on the stock. UBS Group increased their price objective on shares of Celanese from $107.00 to $113.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. SunTrust Banks reissued a “buy” rating on shares of Celanese in a research report on Wednesday, January 17th. Zacks Investment Research cut shares of Celanese from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Tudor Pickering started coverage on shares of Celanese in a research report on Tuesday, November 14th. They issued a “buy” rating for the company. Finally, Royal Bank of Canada raised their price target on shares of Celanese from $109.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Celanese currently has a consensus rating of “Buy” and an average price target of $113.28.

Celanese Co. (NYSE:CE) opened at $101.04 on Tuesday. Celanese Co. has a 1 year low of $83.34 and a 1 year high of $114.00. The company has a market cap of $13,592.08, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 1.32 and a beta of 1.27. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.69 and a quick ratio of 1.16.

Celanese (NYSE:CE) last announced its quarterly earnings data on Thursday, January 25th. The basic materials company reported $1.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.86 by $0.12. Celanese had a net margin of 13.73% and a return on equity of 33.49%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the business earned $1.52 EPS. The company’s revenue was up 21.5% on a year-over-year basis. equities research analysts forecast that Celanese Co. will post 8.52 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Tuesday, February 20th will be issued a $0.46 dividend. The ex-dividend date is Friday, February 16th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.82%. Celanese’s payout ratio is 30.16%.

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About Celanese

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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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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