Quantinno Capital Management LP Has $775,000 Stock Holdings in Celanese Co. (NYSE:CE)

Quantinno Capital Management LP lifted its position in Celanese Co. (NYSE:CE) by 21.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,204 shares of the basic materials company’s stock after acquiring an additional 1,955 shares during the period. Quantinno Capital Management LP’s holdings in Celanese were worth $775,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mufg Securities Americas Inc. bought a new position in shares of Celanese during the 4th quarter worth approximately $112,000. Nissay Asset Management Corp Japan ADV boosted its position in Celanese by 1.8% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 13,442 shares of the basic materials company’s stock worth $924,000 after purchasing an additional 242 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of Celanese during the fourth quarter worth $956,000. OMERS ADMINISTRATION Corp lifted its holdings in shares of Celanese by 21.3% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 4,373 shares of the basic materials company’s stock worth $303,000 after buying an additional 769 shares in the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of Celanese during the fourth quarter worth $812,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CE shares. Wells Fargo & Company lifted their target price on Celanese from $40.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 7th. Mizuho set a $45.00 price target on Celanese in a research report on Tuesday, April 15th. Piper Sandler reissued an “underweight” rating and set a $48.00 price target (down previously from $50.00) on shares of Celanese in a research report on Monday, April 7th. BMO Capital Markets raised Celanese from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $46.00 to $55.00 in a research note on Tuesday. Finally, UBS Group dropped their price target on Celanese from $60.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $61.94.

Celanese Stock Performance

Celanese stock opened at $52.46 on Friday. Celanese Co. has a 12-month low of $36.29 and a 12-month high of $153.71. The company has a quick ratio of 0.76, a current ratio of 1.34 and a debt-to-equity ratio of 1.98. The business’s 50-day moving average price is $48.11 and its two-hundred day moving average price is $60.78. The stock has a market cap of $5.74 billion, a PE ratio of -3.77, a P/E/G ratio of 1.05 and a beta of 1.09.

Celanese (NYSE:CE) last released its quarterly earnings results on Monday, May 5th. The basic materials company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.20. The company had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Celanese had a positive return on equity of 12.86% and a negative net margin of 14.81%. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.08 earnings per share. As a group, analysts expect that Celanese Co. will post 8.79 earnings per share for the current fiscal year.

Celanese Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, April 28th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.23%. The ex-dividend date was Monday, April 28th. Celanese’s dividend payout ratio (DPR) is currently -0.79%.

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.