Celanese Co. (NYSE:CE) Stock Holdings Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Celanese Co. (NYSE:CE) by 6.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 472,919 shares of the basic materials company’s stock after buying an additional 28,901 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Celanese were worth $64,298,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Atria Investments Inc purchased a new stake in Celanese during the first quarter valued at about $1,229,000. Cetera Investment Advisers boosted its stake in Celanese by 64.1% in the 1st quarter. Cetera Investment Advisers now owns 27,107 shares of the basic materials company’s stock worth $4,659,000 after purchasing an additional 10,587 shares during the period. Cetera Advisors LLC grew its position in Celanese by 447.8% during the 1st quarter. Cetera Advisors LLC now owns 7,072 shares of the basic materials company’s stock worth $1,215,000 after purchasing an additional 5,781 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in Celanese by 2.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 17,177 shares of the basic materials company’s stock valued at $2,911,000 after purchasing an additional 356 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Celanese by 17.4% in the second quarter. GAMMA Investing LLC now owns 1,536 shares of the basic materials company’s stock valued at $207,000 after purchasing an additional 228 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on CE shares. Barclays dropped their price target on Celanese from $101.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 19th. Mizuho reduced their price target on shares of Celanese from $132.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Wells Fargo & Company downgraded shares of Celanese from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $165.00 to $115.00 in a research report on Tuesday, November 5th. Piper Sandler downgraded shares of Celanese from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $150.00 to $98.00 in a research report on Friday, November 8th. Finally, Royal Bank of Canada lowered their price target on shares of Celanese from $163.00 to $122.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $120.59.

Celanese Stock Up 1.3 %

Shares of Celanese stock opened at $74.17 on Tuesday. Celanese Co. has a 12-month low of $71.38 and a 12-month high of $172.16. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 1.47. The stock has a 50 day moving average price of $110.36 and a two-hundred day moving average price of $126.97. The stock has a market capitalization of $8.11 billion, a P/E ratio of 7.46, a PEG ratio of 0.78 and a beta of 1.31.

Celanese (NYSE:CE) last posted its earnings results on Monday, November 4th. The basic materials company reported $2.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.41). The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.70 billion. Celanese had a net margin of 10.40% and a return on equity of 13.17%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.50 earnings per share. Equities analysts expect that Celanese Co. will post 8.38 earnings per share for the current year.

Celanese Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $2.80 annualized dividend and a dividend yield of 3.78%. Celanese’s dividend payout ratio is presently 28.17%.

Celanese 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.