Signaturefd LLC Has $342,000 Stock Holdings in Celanese Co. (NYSE:CE)

Signaturefd LLC lowered its position in Celanese Co. (NYSE:CE) by 3.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,536 shares of the basic materials company’s stock after selling 78 shares during the quarter. Signaturefd LLC’s holdings in Celanese were worth $342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Capital World Investors increased its position in Celanese by 43.2% in the 4th quarter. Capital World Investors now owns 6,137,688 shares of the basic materials company’s stock valued at $953,653,000 after acquiring an additional 1,852,099 shares during the period. Wellington Management Group LLP grew its stake in shares of Celanese by 18.0% in the fourth quarter. Wellington Management Group LLP now owns 8,529,064 shares of the basic materials company’s stock worth $1,325,161,000 after purchasing an additional 1,302,758 shares during the last quarter. Capital Research Global Investors increased its holdings in Celanese by 3.3% in the fourth quarter. Capital Research Global Investors now owns 14,809,178 shares of the basic materials company’s stock valued at $2,300,907,000 after purchasing an additional 468,003 shares during the period. Vanguard Group Inc. raised its position in Celanese by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 13,077,014 shares of the basic materials company’s stock worth $2,031,776,000 after purchasing an additional 354,367 shares during the last quarter. Finally, Capital International Investors lifted its holdings in Celanese by 3.0% during the 4th quarter. Capital International Investors now owns 11,337,115 shares of the basic materials company’s stock worth $1,761,567,000 after buying an additional 329,740 shares during the period. Institutional investors own 98.87% of the company’s stock.

Insider Activity at Celanese

In other Celanese news, COO Scott A. Richardson sold 4,675 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $129.51, for a total transaction of $605,459.25. Following the transaction, the chief operating officer now directly owns 69,754 shares in the company, valued at approximately $9,033,840.54. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.33% of the stock is owned by insiders.

Celanese Stock Performance

NYSE CE opened at $130.60 on Friday. The company has a market cap of $14.26 billion, a P/E ratio of 7.19, a PEG ratio of 0.59 and a beta of 1.30. The company has a fifty day simple moving average of $133.97 and a 200 day simple moving average of $147.72. The company has a current ratio of 1.21, a quick ratio of 0.73 and a debt-to-equity ratio of 1.46. Celanese Co. has a 12-month low of $110.76 and a 12-month high of $172.16.

Celanese (NYSE:CE) last issued its quarterly earnings data on Thursday, August 1st. The basic materials company reported $2.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.33). Celanese had a net margin of 18.24% and a return on equity of 13.73%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the prior year, the business earned $2.17 earnings per share. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. Sell-side analysts predict that Celanese Co. will post 11.26 earnings per share for the current fiscal year.

Celanese Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Tuesday, July 30th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.14%. Celanese’s dividend payout ratio is presently 15.41%.

Wall Street Analyst Weigh In

CE has been the subject of a number of analyst reports. Citigroup lowered their price objective on Celanese from $167.00 to $148.00 and set a “neutral” rating for the company in a research report on Thursday, June 27th. Piper Sandler boosted their price target on shares of Celanese from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Barclays decreased their price objective on shares of Celanese from $170.00 to $151.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. Robert W. Baird dropped their target price on shares of Celanese from $180.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Finally, Bank of America decreased their price target on Celanese from $137.00 to $128.00 and set an “underperform” rating for the company in a report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $155.13.

About Celanese

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.