Signal Advisors Wealth LLC Acquires 282 Shares of Celanese Co. (NYSE:CE)

Signal Advisors Wealth LLC lifted its holdings in shares of Celanese Co. (NYSE:CE) by 1.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 17,094 shares of the basic materials company’s stock after acquiring an additional 282 shares during the period. Signal Advisors Wealth LLC’s holdings in Celanese were worth $971,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dodge & Cox lifted its stake in Celanese by 100.3% during the fourth quarter. Dodge & Cox now owns 13,618,062 shares of the basic materials company’s stock worth $942,506,000 after purchasing an additional 6,818,993 shares during the period. Norges Bank acquired a new position in shares of Celanese in the 4th quarter worth approximately $222,815,000. Turtle Creek Asset Management Inc. lifted its position in shares of Celanese by 266.7% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 3,506,440 shares of the basic materials company’s stock worth $242,681,000 after buying an additional 2,550,334 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in Celanese by 4,506.7% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,344,661 shares of the basic materials company’s stock valued at $162,274,000 after buying an additional 2,293,764 shares in the last quarter. Finally, Invesco Ltd. grew its position in Celanese by 105.0% in the fourth quarter. Invesco Ltd. now owns 3,969,284 shares of the basic materials company’s stock valued at $274,714,000 after acquiring an additional 2,033,025 shares during the period. 98.87% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Mark Christopher Murray purchased 1,479 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average cost of $52.18 per share, for a total transaction of $77,174.22. Following the transaction, the senior vice president now directly owns 15,468 shares of the company’s stock, valued at approximately $807,120.24. The trade was a 10.57% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.33% of the stock is owned by insiders.

Celanese Stock Performance

Celanese stock opened at $55.40 on Friday. The company has a market cap of $6.06 billion, a PE ratio of -3.98, a PEG ratio of 1.05 and a beta of 1.13. The company has a current ratio of 1.34, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. Celanese Co. has a 1 year low of $36.29 and a 1 year high of $150.31. The company’s 50-day moving average is $47.37 and its two-hundred day moving average is $59.06.

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

Celanese Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, April 28th were given a $0.03 dividend. The ex-dividend date of this dividend was Monday, April 28th. This represents a $0.12 annualized dividend and a dividend yield of 0.22%. Celanese’s dividend payout ratio is currently -0.79%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. KeyCorp lifted their price objective on Celanese from $71.00 to $76.00 and gave the company an “overweight” rating in a report on Wednesday, May 7th. Royal Bank of Canada lowered shares of Celanese from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $84.00 to $56.00 in a research report on Thursday, February 20th. Piper Sandler reaffirmed an “underweight” rating and set a $48.00 price objective (down previously from $50.00) on shares of Celanese in a report on Monday, April 7th. UBS Group reduced their target price on Celanese from $60.00 to $46.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. decreased their price target on Celanese from $92.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. One investment 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 MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.94.

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.