California State Teachers Retirement System grew its holdings in Celanese Co. (NYSE:CE) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 247,824 shares of the basic materials company’s stock after acquiring an additional 13,037 shares during the quarter. California State Teachers Retirement System owned 0.18% of Celanese worth $26,537,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the business. GSA Capital Partners LLP increased its holdings in shares of Celanese by 6.4% in the third quarter. GSA Capital Partners LLP now owns 8,449 shares of the basic materials company’s stock worth $881,000 after acquiring an additional 505 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Celanese by 20.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 3,014 shares of the basic materials company’s stock worth $314,000 after buying an additional 506 shares in the last quarter. Muhlenkamp & Co. Inc. grew its holdings in shares of Celanese by 0.5% during the fourth quarter. Muhlenkamp & Co. Inc. now owns 109,880 shares of the basic materials company’s stock worth $11,766,000 after buying an additional 545 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Celanese by 1.4% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 42,829 shares of the basic materials company’s stock worth $4,466,000 after buying an additional 573 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Celanese by 11.8% during the second quarter. The Manufacturers Life Insurance Company now owns 5,531 shares of the basic materials company’s stock worth $525,000 after buying an additional 582 shares in the last quarter. Institutional investors own 95.83% of the company’s stock.
In related news, CFO Christopher W. Jensen sold 3,000 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $110.00, for a total transaction of $330,000.00. Following the completion of the transaction, the chief financial officer now directly owns 52,924 shares of the company’s stock, valued at $5,821,640. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.42% of the company’s stock.
Celanese Co. (NYSE:CE) opened at $106.73 on Friday. Celanese Co. has a 52-week low of $83.34 and a 52-week high of $114.00. The company has a current ratio of 1.79, a quick ratio of 1.21 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $14,359.93, a P/E ratio of 17.50, a P/E/G ratio of 1.38 and a beta of 1.29.
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 consensus estimate of $1.86 by $0.12. Celanese had a return on equity of 32.96% and a net margin of 13.73%. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. equities analysts predict that Celanese Co. will post 8.58 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Tuesday, February 20th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.84 annualized dividend and a yield of 1.72%. Celanese’s dividend payout ratio (DPR) is presently 30.16%.
Celanese Company Profile
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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