Pacer Advisors Inc. Grows Holdings in Celanese Co. (NYSE:CE)

Pacer Advisors Inc. raised its position in Celanese Co. (NYSE:CEGet Rating) by 45.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,785 shares of the basic materials company’s stock after buying an additional 4,954 shares during the period. Pacer Advisors Inc.’s holdings in Celanese were worth $2,255,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. increased its stake in shares of Celanese by 24.2% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 17,606 shares of the basic materials company’s stock worth $2,959,000 after purchasing an additional 3,432 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Celanese by 15.9% during the third quarter. UBS Asset Management Americas Inc. now owns 581,386 shares of the basic materials company’s stock worth $87,580,000 after purchasing an additional 79,726 shares in the last quarter. Balyasny Asset Management LLC increased its stake in shares of Celanese by 2,095.4% during the third quarter. Balyasny Asset Management LLC now owns 74,820 shares of the basic materials company’s stock worth $11,271,000 after purchasing an additional 71,412 shares in the last quarter. PDT Partners LLC purchased a new stake in shares of Celanese during the fourth quarter worth about $218,000. Finally, Summit Global Investments increased its stake in shares of Celanese by 0.6% during the fourth quarter. Summit Global Investments now owns 25,011 shares of the basic materials company’s stock worth $4,203,000 after purchasing an additional 151 shares in the last quarter. 93.81% of the stock is owned by institutional investors.

CE has been the subject of a number of research reports. StockNews.com raised shares of Celanese from a “hold” rating to a “buy” rating in a research note on Thursday, March 24th. Jefferies Financial Group lowered shares of Celanese from a “buy” rating to a “hold” rating in a research report on Thursday, June 16th. Piper Sandler boosted their price target on shares of Celanese from $140.00 to $145.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 18th. Finally, Bank of America boosted their price target on shares of Celanese from $165.00 to $174.00 and gave the stock a “neutral” rating in a research report on Monday, April 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Celanese has an average rating of “Moderate Buy” and an average target price of $189.20.

Shares of CE stock opened at $120.32 on Friday. The firm’s 50 day moving average price is $145.51 and its 200-day moving average price is $150.75. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.64. Celanese Co. has a one year low of $118.13 and a one year high of $176.50. The firm has a market cap of $13.03 billion, a P/E ratio of 6.42 and a beta of 1.18.

Celanese (NYSE:CEGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The basic materials company reported $5.54 EPS for the quarter, topping the consensus estimate of $4.49 by $1.05. Celanese had a net margin of 22.31% and a return on equity of 50.03%. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the business posted $3.46 EPS. The business’s revenue for the quarter was up 41.2% compared to the same quarter last year. As a group, research analysts predict that Celanese Co. will post 18.06 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 12th. Investors of record on Thursday, April 28th were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.26%. The ex-dividend date was Wednesday, April 27th. Celanese’s payout ratio is currently 14.52%.

Celanese Profile (Get Rating)

Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through three segments: Engineered Materials, Acetate Tow, 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.

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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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