Fruth Investment Management lessened its position in shares of Celanese Co. (NYSE:CE) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,850 shares of the basic materials company’s stock after selling 150 shares during the period. Fruth Investment Management’s holdings in Celanese were worth $1,571,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Rockefeller Capital Management L.P. grew its position in Celanese by 75.3% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 256 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 110 shares during the last quarter. Advisory Alpha LLC bought a new position in Celanese during the 1st quarter valued at about $27,000. Patriot Financial Group Insurance Agency LLC bought a new position in Celanese during the 2nd quarter valued at about $28,000. CSat Investment Advisory L.P. lifted its stake in Celanese by 112.4% during the 2nd quarter. CSat Investment Advisory L.P. now owns 480 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 254 shares during the period. Finally, Doyle Wealth Management bought a new position in Celanese during the 2nd quarter valued at about $53,000. 98.15% of the stock is owned by institutional investors.

CE traded up $0.89 during trading on Wednesday, reaching $118.74. 42,655 shares of the company traded hands, compared to its average volume of 1,038,310. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.32 and a current ratio of 2.04. Celanese Co. has a 12-month low of $82.91 and a 12-month high of $127.15. The firm has a fifty day simple moving average of $117.98 and a 200 day simple moving average of $108.00. The company has a market cap of $14.79 billion, a P/E ratio of 10.79, a PEG ratio of 1.67 and a beta of 1.36.

Celanese (NYSE:CE) last posted its earnings results on Monday, July 22nd. The basic materials company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.02. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.64 billion. Celanese had a net margin of 15.52% and a return on equity of 38.56%. Celanese’s revenue for the quarter was down 13.7% compared to the same quarter last year. During the same period last year, the firm posted $2.90 earnings per share. As a group, sell-side analysts expect that Celanese Co. will post 10.15 earnings per share for the current fiscal year.

Several research firms have issued reports on CE. Cowen restated a “market perform” rating and set a $110.00 target price (up previously from $105.00) on shares of Celanese in a research note on Monday, July 1st. Bank of America started coverage on shares of Celanese in a research note on Thursday, September 26th. They issued an “underperform” rating and a $110.00 price objective on the stock. They noted that the move was a valuation call. KeyCorp lowered their price objective on shares of Celanese from $125.00 to $124.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Deutsche Bank increased their price objective on shares of Celanese from $115.00 to $118.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Finally, Nomura reduced their target price on shares of Celanese from $107.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $119.06.

About Celanese

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 Engineered Materials, Acetate Tow, and Acetyl Chain segments. 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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