36,176 Shares in Celanese Corporation $CE Purchased by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio purchased 36,176 Celanese shares worth approximately $1.66 million in the second quarter. Institutional investors collectively own 98.87% of the company.
• Celanese reported quarterly EPS of $2.45, exceeding the $2.23 consensus estimate, while revenue reached $2.75 billion, up 8.7% year over year. The company issued third-quarter EPS guidance of $1.35 to $1.75.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $63.71, compared with the stock’s reported price of $44.81.

Public Employees Retirement System of Ohio bought a new stake in shares of Celanese Corporation (NYSE:CE - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 36,176 shares of the basic materials company's stock, valued at approximately $1,664,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Childress Capital Advisors LLC raised its stake in shares of Celanese by 3.6% during the first quarter. Childress Capital Advisors LLC now owns 5,587 shares of the basic materials company's stock worth $367,000 after buying an additional 192 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in Celanese by 14.5% during the 1st quarter. AdvisorNet Financial Inc now owns 1,815 shares of the basic materials company's stock worth $119,000 after acquiring an additional 230 shares during the last quarter. Deseret Mutual Benefit Administrators raised its holdings in Celanese by 20.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,399 shares of the basic materials company's stock worth $59,000 after purchasing an additional 240 shares during the period. Bessemer Group Inc. raised its stake in Celanese by 7.1% during the 1st quarter. Bessemer Group Inc. now owns 3,970 shares of the basic materials company's stock worth $262,000 after buying an additional 262 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in shares of Celanese by 111.1% during the second quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company's stock worth $28,000 after purchasing an additional 270 shares during the period. Institutional investors own 98.87% of the company's stock.

Celanese Stock Performance

Shares of CE opened at $44.81 on Tuesday. The company has a current ratio of 1.45, a quick ratio of 0.87 and a debt-to-equity ratio of 2.33. Celanese Corporation has a 12 month low of $35.13 and a 12 month high of $70.70. The firm has a fifty day simple moving average of $45.62 and a 200 day simple moving average of $53.01. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of -4.19, a PEG ratio of 0.29 and a beta of 0.76.

Celanese (NYSE:CE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.23 by $0.22. The firm had revenue of $2.75 billion for the quarter, compared to analysts' expectations of $2.75 billion. Celanese had a negative net margin of 12.04% and a positive return on equity of 13.04%. The company's revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.44 EPS. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. Research analysts forecast that Celanese Corporation will post 5.99 EPS for the current fiscal year.

Celanese Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 28th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. Celanese's payout ratio is -1.12%.

Insider Activity at Celanese

In related news, SVP Mark Murray acquired 2,153 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $45.52 per share, with a total value of $98,004.56. Following the acquisition, the senior vice president owned 30,432 shares in the company, valued at $1,385,264.64. This represents a 7.61% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.34% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Celanese in a report on Friday, August 21st. Citigroup lowered their price objective on shares of Celanese from $80.00 to $68.00 and set a "buy" rating for the company in a research report on Wednesday, June 24th. Morgan Stanley dropped their price objective on shares of Celanese from $72.00 to $58.00 and set an "equal weight" rating on the stock in a report on Thursday, July 16th. Wells Fargo & Company cut their price objective on shares of Celanese from $80.00 to $65.00 and set an "overweight" rating on the stock in a research report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft set a $50.00 target price on shares of Celanese in a research note on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $63.71.

Celanese Profile

Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.

In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.

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