OLD National Bancorp IN Has $235,000 Holdings in Celanese Co. (NYSE:CE)

OLD National Bancorp IN lifted its position in shares of Celanese Co. (NYSE:CE) by 112.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,390 shares of the basic materials company’s stock after acquiring an additional 1,793 shares during the quarter. OLD National Bancorp IN’s holdings in Celanese were worth $235,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp increased its stake in shares of Celanese by 3.1% in the third quarter. State Street Corp now owns 4,500,813 shares of the basic materials company’s stock valued at $611,931,000 after buying an additional 136,994 shares during the period. KBC Group NV increased its position in Celanese by 155.5% in the 3rd quarter. KBC Group NV now owns 213,657 shares of the basic materials company’s stock valued at $29,049,000 after acquiring an additional 130,037 shares during the period. Zacks Investment Management increased its position in Celanese by 6.5% in the 3rd quarter. Zacks Investment Management now owns 160,443 shares of the basic materials company’s stock valued at $21,814,000 after acquiring an additional 9,782 shares during the period. National Pension Service lifted its holdings in shares of Celanese by 21.7% during the third quarter. National Pension Service now owns 233,480 shares of the basic materials company’s stock worth $31,744,000 after purchasing an additional 41,598 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Celanese by 7.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 990,901 shares of the basic materials company’s stock worth $134,723,000 after purchasing an additional 69,606 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CE. Robert W. Baird reduced their price target on Celanese from $150.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised shares of Celanese from a “hold” rating to a “buy” rating and decreased their target price for the company from $135.00 to $110.00 in a research report on Wednesday, November 6th. Bank of America upgraded shares of Celanese from an “underperform” rating to a “buy” rating and dropped their price target for the stock from $95.00 to $88.00 in a research report on Tuesday, January 14th. Morgan Stanley decreased their price objective on shares of Celanese from $100.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, Barclays dropped their target price on shares of Celanese from $101.00 to $88.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $102.82.

Celanese Stock Down 1.6 %

Shares of NYSE:CE opened at $70.99 on Monday. The firm has a market cap of $7.76 billion, a P/E ratio of 7.14, a PEG ratio of 1.42 and a beta of 1.18. Celanese Co. has a 52-week low of $64.05 and a 52-week high of $172.16. The business’s 50 day simple moving average is $70.15 and its two-hundred day simple moving average is $104.22. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.76 and a current ratio of 1.37.

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

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.