Mather Group LLC. Purchases 348 Shares of Celanese Corporation (NYSE:CE)

Mather Group LLC. lifted its position in Celanese Corporation (NYSE:CE) by 127.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 622 shares of the basic materials company’s stock after acquiring an additional 348 shares during the quarter. Mather Group LLC.’s holdings in Celanese were worth $35,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Focus Partners Wealth increased its stake in Celanese by 3.9% in the 4th quarter. Focus Partners Wealth now owns 4,197 shares of the basic materials company’s stock worth $291,000 after buying an additional 156 shares during the period. United Capital Financial Advisors LLC increased its position in Celanese by 2.9% during the 4th quarter. United Capital Financial Advisors LLC now owns 6,167 shares of the basic materials company’s stock valued at $427,000 after purchasing an additional 172 shares during the period. Tidal Investments LLC increased its position in Celanese by 6.8% during the 4th quarter. Tidal Investments LLC now owns 3,263 shares of the basic materials company’s stock valued at $226,000 after purchasing an additional 209 shares during the period. Nissay Asset Management Corp Japan ADV increased its position in Celanese by 1.8% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 13,442 shares of the basic materials company’s stock valued at $924,000 after purchasing an additional 242 shares during the period. Finally, Janus Henderson Group PLC increased its position in Celanese by 1.8% during the 4th quarter. Janus Henderson Group PLC now owns 14,024 shares of the basic materials company’s stock valued at $971,000 after purchasing an additional 251 shares during the period. Institutional investors own 98.87% of the company’s stock.

Celanese Stock Performance

Shares of NYSE CE opened at $60.88 on Monday. The company has a current ratio of 1.94, a quick ratio of 1.11 and a debt-to-equity ratio of 2.20. Celanese Corporation has a 12 month low of $36.29 and a 12 month high of $147.86. The company has a 50 day simple moving average of $53.51 and a two-hundred day simple moving average of $56.86. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of -4.00, a PEG ratio of 2.29 and a beta of 1.14.

Celanese (NYSE:CE) last announced its quarterly earnings data on Monday, May 5th. The basic materials company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.37 by $0.20. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Celanese had a negative net margin of 16.54% and a positive return on equity of 11.28%. 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 EPS. As a group, analysts predict that Celanese Corporation will post 8.79 earnings per share for the current year.

Celanese Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend was Monday, April 28th. Celanese’s payout ratio is -0.79%.

Wall Street Analyst Weigh In

CE has been the topic of a number of research reports. Mizuho set a $45.00 target price on shares of Celanese in a research report on Tuesday, April 15th. Barclays raised their target price on shares of Celanese from $59.00 to $62.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 14th. Citigroup lowered their price target on shares of Celanese from $58.00 to $52.00 and set a “neutral” rating on the stock in a report on Friday, April 4th. Royal Bank Of Canada restated a “sector perform” rating and issued a $63.00 price target (up from $53.00) on shares of Celanese in a report on Thursday. Finally, Alembic Global Advisors upgraded shares of Celanese from a “neutral” rating to an “overweight” rating and set a $70.00 price target on the stock in a report on Monday, March 17th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Celanese currently has a consensus rating of “Hold” and a consensus price target of $63.50.

Insider Activity

In other Celanese news, SVP Mark Christopher Murray bought 1,479 shares of the company’s stock in a transaction dated Friday, May 23rd. The stock was acquired at an average price of $52.18 per share, with a total value of $77,174.22. Following the completion of the acquisition, the senior vice president directly owned 15,468 shares of the company’s stock, valued at $807,120.24. This represents a 10.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is owned by insiders.

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.