Winch Advisory Services LLC Cuts Stake in Celanese Co. (CE)

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Winch Advisory Services LLC lowered its holdings in Celanese Co. (NYSE:CE) by 12.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,625 shares of the basic materials company’s stock after selling 499 shares during the quarter. Winch Advisory Services LLC’s holdings in Celanese were worth $326,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CE. DNB Asset Management AS grew its position in Celanese by 20.1% during the fourth quarter. DNB Asset Management AS now owns 23,991 shares of the basic materials company’s stock valued at $2,158,000 after buying an additional 4,011 shares during the period. GSA Capital Partners LLP lifted its holdings in Celanese by 106.6% during the third quarter. GSA Capital Partners LLP now owns 21,318 shares of the basic materials company’s stock valued at $2,430,000 after purchasing an additional 11,002 shares in the last quarter. BP PLC lifted its holdings in Celanese by 6.3% during the third quarter. BP PLC now owns 17,000 shares of the basic materials company’s stock valued at $1,938,000 after purchasing an additional 1,000 shares in the last quarter. Coastline Trust Co lifted its holdings in Celanese by 2.8% during the fourth quarter. Coastline Trust Co now owns 9,255 shares of the basic materials company’s stock valued at $833,000 after purchasing an additional 255 shares in the last quarter. Finally, Daiwa SB Investments Ltd. lifted its holdings in Celanese by 121.8% during the fourth quarter. Daiwa SB Investments Ltd. now owns 1,730 shares of the basic materials company’s stock valued at $156,000 after purchasing an additional 950 shares in the last quarter. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Shares of NYSE:CE traded down $0.06 during midday trading on Monday, hitting $95.97. The company’s stock had a trading volume of 11,482 shares, compared to its average volume of 1,330,571. The company has a current ratio of 1.62, a quick ratio of 1.03 and a debt-to-equity ratio of 0.88. The company has a market cap of $12.85 billion, a P/E ratio of 8.74, a P/E/G ratio of 0.92 and a beta of 1.31. Celanese Co. has a 12-month low of $82.91 and a 12-month high of $119.29.

Celanese (NYSE:CE) last posted its quarterly earnings results on Monday, January 28th. The basic materials company reported $2.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.40 by ($0.02). The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Celanese had a return on equity of 40.37% and a net margin of 16.87%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.98 earnings per share. On average, analysts expect that Celanese Co. will post 10.41 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Tuesday, February 19th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Friday, February 15th. Celanese’s dividend payout ratio (DPR) is presently 19.64%.

Several research firms have issued reports on CE. Zacks Investment Research downgraded shares of Celanese from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. ValuEngine raised shares of Celanese from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $120.00 price objective on shares of Celanese in a report on Wednesday, January 30th. Cowen downgraded shares of Celanese from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $122.00 to $108.00 in a report on Wednesday, February 6th. Finally, KeyCorp decreased their price objective on shares of Celanese from $145.00 to $125.00 and set an “overweight” rating on the stock in a report on Wednesday, January 30th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $115.24.

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Celanese Company Profile

Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide. The company operates through Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, and Acetyl Intermediates segments.

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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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