Crossmark Global Holdings Inc. Cuts Stock Holdings in Celanese Co. (NYSE:CE)

Crossmark Global Holdings Inc. lowered its position in Celanese Co. (NYSE:CE) by 41.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,476 shares of the basic materials company’s stock after selling 3,105 shares during the period. Crossmark Global Holdings Inc.’s holdings in Celanese were worth $310,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CE. DT Investment Partners LLC lifted its position in shares of Celanese by 128.8% during the 3rd quarter. DT Investment Partners LLC now owns 183 shares of the basic materials company’s stock worth $25,000 after buying an additional 103 shares in the last quarter. UMB Bank n.a. lifted its holdings in Celanese by 103.7% during the fourth quarter. UMB Bank n.a. now owns 381 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 194 shares during the period. Mather Group LLC. boosted its position in Celanese by 124.0% in the third quarter. Mather Group LLC. now owns 401 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 222 shares during the last quarter. Brooklyn Investment Group grew its stake in Celanese by 51.1% in the 4th quarter. Brooklyn Investment Group now owns 1,129 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 382 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Celanese by 1,395.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 643 shares of the basic materials company’s stock valued at $87,000 after purchasing an additional 600 shares during the last quarter. 98.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CE shares. Royal Bank of Canada reduced their price objective on Celanese from $122.00 to $88.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Robert W. Baird cut their price target on Celanese from $150.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Piper Sandler decreased their price objective on Celanese from $98.00 to $77.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th. Bank of America raised shares of Celanese from an “underperform” rating to a “buy” rating and dropped their price objective for the company from $95.00 to $88.00 in a report on Tuesday, January 14th. Finally, UBS Group downgraded shares of Celanese from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $161.00 to $97.00 in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $102.82.

Celanese Trading Up 0.6 %

Shares of Celanese stock opened at $74.17 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 1.47. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of 7.46, a PEG ratio of 1.46 and a beta of 1.18. Celanese Co. has a twelve month low of $64.05 and a twelve month high of $172.16. The business has a 50-day moving average price of $70.30 and a 200-day moving average price of $106.74.

Celanese (NYSE:CE) last released its quarterly earnings data on Monday, November 4th. The basic materials company reported $2.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.41). The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.70 billion. Celanese had a return on equity of 13.17% and a net margin of 10.40%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.50 EPS. Equities research analysts anticipate that Celanese Co. will post 8.11 EPS for the current fiscal year.

Celanese Company 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.