Allianz Asset Management GmbH increased its stake in shares of Celanese Co. (NYSE:CE) by 35.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 177,247 shares of the basic materials company’s stock after buying an additional 46,166 shares during the quarter. Allianz Asset Management GmbH owned 0.13% of Celanese worth $18,481,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Uniplan Investment Counsel Inc. bought a new position in Celanese in the 2nd quarter valued at $15,843,000. Koch Industries Inc. bought a new position in Celanese in the 2nd quarter valued at $289,000. Swiss National Bank raised its position in Celanese by 1.2% in the 2nd quarter. Swiss National Bank now owns 513,530 shares of the basic materials company’s stock valued at $48,755,000 after purchasing an additional 6,100 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Celanese by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 434,546 shares of the basic materials company’s stock valued at $45,310,000 after purchasing an additional 5,242 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in Celanese by 10.2% in the 3rd quarter. Macquarie Group Ltd. now owns 157,840 shares of the basic materials company’s stock valued at $16,458,000 after purchasing an additional 14,650 shares during the last quarter. Institutional investors and hedge funds own 96.16% of the company’s stock.

Shares of Celanese Co. (NYSE:CE) opened at $106.97 on Wednesday. The company has a market capitalization of $14,331.30, a price-to-earnings ratio of 14.99, a PEG ratio of 1.59 and a beta of 1.32. Celanese Co. has a 52 week low of $78.38 and a 52 week high of $109.11. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.69 and a quick ratio of 1.16.

Celanese (NYSE:CE) last released its earnings results on Monday, October 16th. The basic materials company reported $1.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.01. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Celanese had a return on equity of 31.98% and a net margin of 13.66%. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period last year, the firm earned $1.67 EPS. sell-side analysts predict that Celanese Co. will post 7.37 earnings per share for the current fiscal year.

In related news, Director John K. Wulff sold 2,500 shares of Celanese stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $105.88, for a total transaction of $264,700.00. Following the completion of the sale, the director now directly owns 30,175 shares of the company’s stock, valued at $3,194,929. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Christopher W. Jensen sold 1,000 shares of Celanese stock in a transaction on Monday, October 30th. The stock was sold at an average price of $104.68, for a total value of $104,680.00. Following the sale, the chief financial officer now directly owns 60,086 shares of the company’s stock, valued at $6,289,802.48. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

CE has been the subject of several research analyst reports. ValuEngine downgraded Celanese from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 6th. Nomura lifted their price objective on Celanese from $97.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, October 10th. BidaskClub upgraded Celanese from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. UBS lifted their price objective on Celanese from $100.00 to $107.00 and gave the company a “neutral” rating in a research report on Tuesday, October 17th. Finally, Cowen reiterated a “buy” rating on shares of Celanese in a research report on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $107.74.

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About Celanese

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.

Institutional Ownership by Quarter for Celanese (NYSE:CE)

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