Aigen Investment Management LP Has $2.03 Million Holdings in Celanese Co. (NYSE:CE)

Aigen Investment Management LP boosted its position in shares of Celanese Co. (NYSE:CE) by 34.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 14,920 shares of the basic materials company’s stock after purchasing an additional 3,845 shares during the period. Aigen Investment Management LP’s holdings in Celanese were worth $2,029,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bleakley Financial Group LLC raised its stake in Celanese by 2.8% during the first quarter. Bleakley Financial Group LLC now owns 2,866 shares of the basic materials company’s stock worth $492,000 after acquiring an additional 79 shares in the last quarter. Legacy Capital Group California Inc. lifted its stake in Celanese by 2.7% in the 2nd quarter. Legacy Capital Group California Inc. now owns 3,441 shares of the basic materials company’s stock valued at $464,000 after purchasing an additional 91 shares during the last quarter. Jacobi Capital Management LLC boosted its position in Celanese by 3.1% in the first quarter. Jacobi Capital Management LLC now owns 3,188 shares of the basic materials company’s stock valued at $548,000 after buying an additional 96 shares in the last quarter. Rosenberg Matthew Hamilton grew its stake in shares of Celanese by 13.4% during the second quarter. Rosenberg Matthew Hamilton now owns 839 shares of the basic materials company’s stock worth $110,000 after buying an additional 99 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Celanese by 20.4% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 585 shares of the basic materials company’s stock worth $79,000 after buying an additional 99 shares in the last quarter. 98.87% of the stock is owned by institutional investors.

Celanese Stock Performance

NYSE CE traded down $1.16 on Tuesday, hitting $77.45. 250,673 shares of the stock traded hands, compared to its average volume of 882,946. The firm has a market capitalization of $8.46 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 0.79 and a beta of 1.31. The business’s fifty day moving average is $125.29 and its two-hundred day moving average is $135.87. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.74 and a current ratio of 1.37. Celanese Co. has a 12 month low of $76.37 and a 12 month high of $172.16.

Celanese (NYSE:CE) last announced 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 net margin of 10.40% and a return on equity of 13.17%. The company’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.50 earnings per share. As a group, equities analysts anticipate that Celanese Co. will post 8.9 EPS for the current fiscal year.

Celanese Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $2.80 dividend on an annualized basis and a yield of 3.62%. Celanese’s dividend payout ratio is 28.17%.

Analysts Set New Price Targets

CE has been the topic of a number of recent research reports. Bank of America cut their price target on Celanese from $137.00 to $128.00 and set an “underperform” rating on the stock in a research note on Monday, August 12th. UBS Group cut shares of Celanese from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $161.00 to $97.00 in a report on Monday. BMO Capital Markets lowered shares of Celanese from a “market perform” rating to an “underperform” rating and dropped their price objective for the company from $138.00 to $76.00 in a report on Monday. JPMorgan Chase & Co. raised shares of Celanese from an “underweight” rating to a “neutral” rating and cut their price objective for the stock from $156.00 to $130.00 in a research report on Monday, August 5th. Finally, Robert W. Baird lowered their target price on Celanese from $150.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $121.35.

Insiders Place Their Bets

In other news, COO Scott A. Richardson sold 4,675 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $129.51, for a total transaction of $605,459.25. Following the sale, the chief operating officer now directly owns 69,754 shares in the company, valued at $9,033,840.54. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.33% of the company’s stock.

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.