Engineers Gate Manager LP acquired a new position in shares of Celanese Co. (NYSE:CE) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 2,844 shares of the basic materials company’s stock, valued at approximately $305,000.

Several other large investors also recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Celanese by 13.4% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,150,894 shares of the basic materials company’s stock worth $224,274,000 after purchasing an additional 253,809 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in shares of Celanese by 5.5% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,683,032 shares of the basic materials company’s stock worth $175,490,000 after purchasing an additional 88,311 shares during the period. Westfield Capital Management Co. LP boosted its position in shares of Celanese by 15.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,048,124 shares of the basic materials company’s stock worth $109,288,000 after purchasing an additional 140,148 shares during the period. Amundi Pioneer Asset Management Inc. boosted its position in shares of Celanese by 0.3% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 812,483 shares of the basic materials company’s stock worth $84,718,000 after purchasing an additional 2,188 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of Celanese by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 674,674 shares of the basic materials company’s stock worth $70,346,000 after purchasing an additional 18,378 shares during the period. 95.77% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on CE shares. 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 set a “buy” rating for the company. Wells Fargo & Co reaffirmed a “market perform” rating and set a $110.00 price objective (up previously from $104.00) on shares of Celanese in a research report on Wednesday, January 17th. Citigroup lowered their price objective on shares of Celanese from $122.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 18th. Finally, Cowen reaffirmed a “buy” rating on shares of Celanese in a research report on Sunday, October 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $113.28.

In other news, CFO Christopher W. Jensen sold 3,000 shares of Celanese stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $110.00, for a total transaction of $330,000.00. Following the completion of the sale, the chief financial officer now directly owns 52,924 shares of the company’s stock, valued at approximately $5,821,640. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.42% of the stock is currently owned by insiders.

Celanese Co. (CE) opened at $102.78 on Thursday. 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 Co. has a 1 year low of $83.34 and a 1 year high of $114.00. The company has a market cap of $13,960.00, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 1.33 and a beta of 1.27.

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. Celanese had a net margin of 13.73% and a return on equity of 33.49%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the company posted $1.52 EPS. The firm’s revenue was up 21.5% compared to the same quarter last year. 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 given a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.84 annualized dividend and a dividend yield of 1.79%. Celanese’s dividend payout ratio (DPR) is currently 29.73%.

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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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