The Russell Investments Group Ltd. Invests $17,537,000 in Celanese Corporation (CE), Report finds

Other institutional investors also recently bought and sold shares of the company. Acrospire Investment Management LLC boosted its position in Celanese Corporation by 114.3% in the third quarter. Acrospire Investment Management LLC now owns 1,500 shares of the company’s stock valued at $100,000 after buying an additional 800 shares during the last quarter. Penserra Capital Management LLC boosted its position in Celanese Corporation by 97.2% in the third quarter. Penserra Capital Management LLC now owns 1,710 shares of the company’s stock valued at $112,000 after buying an additional 843 shares during the last quarter. Creative Planning boosted its position in Celanese Corporation by 261.1% in the third quarter. Creative Planning now owns 1,755 shares of the company’s stock valued at $117,000 after buying an additional 1,269 shares during the last quarter. Lazard Asset Management LLC boosted its position in Celanese Corporation by 953.9% in the third quarter. Lazard Asset Management LLC now owns 2,034 shares of the company’s stock valued at $135,000 after buying an additional 1,841 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in Celanese Corporation during the third quarter valued at $201,000. 98.08% of the stock is owned by institutional investors.

Russell Investments Group Ltd. bought a new stake in shares of Celanese Corporation (NYSE:CE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 221,226 shares of the company’s stock, valued at approximately $17,537,000.

Celanese Corporation (NYSE:CE) traded down 0.16% on Monday, reaching $88.12. 360,500 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $83.53 and a 200-day moving average of $73.25. Celanese Corporation has a one year low of $55.67 and a one year high of $88.92. The stock has a market cap of $12.50 billion, a price-to-earnings ratio of 14.27 and a beta of 1.23.

Celanese Corporation (NYSE:CE) last posted its quarterly earnings data on Wednesday, February 1st. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.01. Celanese Corporation had a net margin of 16.70% and a return on equity of 31.09%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the firm posted $1.25 EPS. Celanese Corporation’s quarterly revenue was down 1.7% on a year-over-year basis. Equities research analysts forecast that Celanese Corporation will post $7.25 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 3rd. Investors of record on Tuesday, February 21st will be given a $0.36 dividend. The ex-dividend date of this dividend is Thursday, February 16th. This represents a $1.44 dividend on an annualized basis and a yield of 1.63%. Celanese Corporation’s dividend payout ratio (DPR) is 23.38%.

Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Celanese Corporation from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Friday, October 21st. Nomura set a $77.00 price objective on shares of Celanese Corporation and gave the stock a “hold” rating in a research note on Wednesday, October 19th. Cowen and Company lifted their price objective on shares of Celanese Corporation from $80.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, December 1st. Goldman Sachs Group, Inc. (The) raised shares of Celanese Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $83.00 to $92.00 in a research note on Wednesday, November 30th. Finally, RBC Capital Markets raised shares of Celanese Corporation from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $76.00 to $100.00 in a research note on Tuesday, December 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $81.39.

Celanese Corporation Company Profile

Celanese Corporation (Celanese) is a technology and specialty materials company. The Company operates through four segments: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties and Acetyl Intermediates. Its business involves processing chemical raw materials, such as methanol, carbon monoxide, ethylene and natural products, including wood pulp, into chemicals, thermoplastic polymers and other chemical-based products.

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