Celanese Co. (NYSE:CE) Shares Bought by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. raised its stake in Celanese Co. (NYSE:CEGet Rating) by 19.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,220 shares of the basic materials company’s stock after acquiring an additional 364 shares during the period. GW Henssler & Associates Ltd.’s holdings in Celanese were worth $201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of CE. Parkside Financial Bank & Trust boosted its stake in shares of Celanese by 92.6% during the first quarter. Parkside Financial Bank & Trust now owns 181 shares of the basic materials company’s stock worth $25,000 after buying an additional 87 shares during the period. Ronald Blue Trust Inc. acquired a new stake in shares of Celanese during the second quarter worth about $27,000. Clear Street Markets LLC boosted its stake in shares of Celanese by 415.9% during the second quarter. Clear Street Markets LLC now owns 227 shares of the basic materials company’s stock worth $27,000 after buying an additional 183 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in shares of Celanese during the second quarter worth about $33,000. Finally, Capital Analysts LLC acquired a new stake in shares of Celanese during the second quarter worth about $48,000. Institutional investors and hedge funds own 92.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CE shares. Mizuho decreased their target price on shares of Celanese from $108.00 to $107.00 and set a “neutral” rating for the company in a research note on Thursday, January 12th. Piper Sandler reduced their price objective on shares of Celanese from $120.00 to $100.00 and set an “underweight” rating for the company in a research report on Monday, October 10th. BMO Capital Markets reduced their price objective on shares of Celanese from $150.00 to $130.00 and set an “outperform” rating for the company in a research report on Wednesday, November 9th. Credit Suisse Group reduced their price objective on shares of Celanese from $86.00 to $83.00 and set an “underperform” rating for the company in a research report on Friday, November 4th. Finally, StockNews.com assumed coverage on shares of Celanese in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Celanese has a consensus rating of “Hold” and a consensus price target of $116.00.

Celanese Stock Performance

NYSE:CE opened at $122.33 on Wednesday. Celanese Co. has a 1-year low of $86.71 and a 1-year high of $165.48. The firm has a 50 day simple moving average of $107.89 and a 200-day simple moving average of $105.66. The firm has a market cap of $13.26 billion, a PE ratio of 8.09 and a beta of 1.26. The company has a debt-to-equity ratio of 2.15, a current ratio of 4.73 and a quick ratio of 4.11.

Celanese (NYSE:CEGet Rating) last posted its quarterly earnings data on Thursday, November 3rd. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.98 by ($0.04). The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.26 billion. Celanese had a return on equity of 42.26% and a net margin of 17.20%. Celanese’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the business earned $4.82 EPS. On average, equities analysts expect that Celanese Co. will post 16.08 EPS for the current year.

About Celanese

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Celanese Corp. engages in the provision of technology and specialty materials businesses. It operates through the following segments: Engineered Materials, Acetate Tow, Acetyl Chain and Other Activities. The Engineered Materials segment includes the engineered materials business, food ingredients business and certain strategic affiliates.

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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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