Macquarie Group Ltd. decreased its holdings in Celanese Co. (NYSE:CE) by 2.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 141,135 shares of the basic materials company’s stock after selling 3,072 shares during the quarter. Macquarie Group Ltd. owned 0.10% of Celanese worth $15,674,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Knowledge Leaders Capital LLC grew its holdings in shares of Celanese by 0.9% during the 2nd quarter. Knowledge Leaders Capital LLC now owns 48,716 shares of the basic materials company’s stock valued at $5,410,000 after purchasing an additional 447 shares during the last quarter. Sumitomo Life Insurance Co. grew its holdings in shares of Celanese by 4.1% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 11,395 shares of the basic materials company’s stock valued at $1,266,000 after purchasing an additional 451 shares during the last quarter. Xact Kapitalforvaltning AB grew its holdings in shares of Celanese by 4.3% during the 1st quarter. Xact Kapitalforvaltning AB now owns 14,266 shares of the basic materials company’s stock valued at $1,430,000 after purchasing an additional 588 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Celanese by 2.4% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 25,700 shares of the basic materials company’s stock valued at $2,575,000 after purchasing an additional 600 shares during the last quarter. Finally, DnB Asset Management AS grew its holdings in shares of Celanese by 3.5% during the 2nd quarter. DnB Asset Management AS now owns 17,824 shares of the basic materials company’s stock valued at $1,980,000 after purchasing an additional 600 shares during the last quarter. Institutional investors and hedge funds own 94.86% of the company’s stock.

Shares of NYSE:CE traded up $0.37 during trading on Friday, reaching $98.68. The stock had a trading volume of 1,006,530 shares, compared to its average volume of 878,353. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.39 and a current ratio of 1.96. Celanese Co. has a 52 week low of $95.45 and a 52 week high of $119.29. The firm has a market cap of $15.39 billion, a P/E ratio of 13.14, a P/E/G ratio of 1.08 and a beta of 1.30.

Celanese (NYSE:CE) last released its earnings results on Thursday, July 19th. The basic materials company reported $2.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.40 by $0.50. Celanese had a net margin of 16.57% and a return on equity of 37.74%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the company earned $1.79 EPS. Celanese’s quarterly revenue was up 22.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Celanese Co. will post 10.57 earnings per share for the current year.

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Celanese to $138.00 and gave the company a “buy” rating in a report on Monday, June 18th. Zacks Investment Research raised shares of Celanese from a “hold” rating to a “buy” rating and set a $128.00 price target on the stock in a report on Thursday, October 4th. Barclays lifted their price target on shares of Celanese from $140.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, July 30th. ValuEngine lowered shares of Celanese from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Finally, Citigroup reduced their target price on shares of Celanese from $134.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $123.53.

Celanese Profile

Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide. The company operates through Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, and Acetyl Intermediates segments.

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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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