Northeast Financial Consultants Inc Takes $341,000 Position in Celanese Corporation $CE

Key Points

• Northeast Financial Consultants Inc acquired 6,000 shares of Celanese Corporation in Q1, totaling approximately $341,000 according to their 13F filing with the SEC.
• Celanese's stock recently experienced a decrease of 4.7%, opening at $46.44 with a market capitalization of $5.08 billion.
• The company reported $1.44 EPS for the last quarter, exceeding expectations, while its revenue of $2.53 billion showed a 4.5% year-over-year decline.

Northeast Financial Consultants Inc bought a new position in shares of Celanese Corporation (NYSE:CE - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 6,000 shares of the basic materials company's stock, valued at approximately $341,000.

A number of other large investors also recently bought and sold shares of CE. Mercer Global Advisors Inc. ADV lifted its holdings in Celanese by 27.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,369 shares of the basic materials company's stock worth $579,000 after buying an additional 1,817 shares during the last quarter. Bank of America Corp DE lifted its holdings in Celanese by 8.8% during the 4th quarter. Bank of America Corp DE now owns 597,557 shares of the basic materials company's stock worth $41,357,000 after buying an additional 48,115 shares during the last quarter. Deutsche Bank AG lifted its holdings in Celanese by 106.2% during the 4th quarter. Deutsche Bank AG now owns 522,599 shares of the basic materials company's stock worth $36,169,000 after buying an additional 269,121 shares during the last quarter. Ethic Inc. lifted its holdings in Celanese by 12.6% during the 4th quarter. Ethic Inc. now owns 9,858 shares of the basic materials company's stock worth $682,000 after buying an additional 1,102 shares during the last quarter. Finally, Focus Partners Wealth lifted its holdings in Celanese by 3.9% during the 4th quarter. Focus Partners Wealth now owns 4,197 shares of the basic materials company's stock worth $291,000 after buying an additional 156 shares during the last quarter. Institutional investors own 98.87% of the company's stock.

Insider Buying and Selling

In other Celanese news, Director Timothy Go bought 1,039 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were purchased at an average cost of $46.25 per share, for a total transaction of $48,053.75. Following the transaction, the director directly owned 4,415 shares in the company, valued at $204,193.75. The trade was a 30.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CE has been the topic of several recent research reports. KeyCorp cut their price target on Celanese from $77.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, August 13th. Robert W. Baird cut their price target on Celanese from $67.00 to $50.00 and set an "outperform" rating on the stock in a report on Wednesday, August 13th. Mizuho raised their price target on Celanese from $50.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. JPMorgan Chase & Co. cut their price target on Celanese from $47.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, August 14th. Finally, Bank of America cut their price target on Celanese from $65.00 to $59.00 and set a "buy" rating on the stock in a report on Wednesday, August 13th. Six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Celanese presently has a consensus rating of "Hold" and an average price target of $57.22.

Celanese Stock Performance

CE traded down $1.17 during trading hours on Friday, hitting $45.70. The company's stock had a trading volume of 1,014,011 shares, compared to its average volume of 1,859,887. Celanese Corporation has a fifty-two week low of $36.29 and a fifty-two week high of $142.54. The company has a current ratio of 2.05, a quick ratio of 1.22 and a debt-to-equity ratio of 2.22. The firm has a market capitalization of $5.00 billion, a PE ratio of -3.08, a PEG ratio of 2.06 and a beta of 1.11. The company has a 50-day simple moving average of $50.72 and a 200 day simple moving average of $51.16.

Celanese (NYSE:CE - Get Free Report) last posted its earnings results on Monday, August 11th. The basic materials company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.38 by $0.06. Celanese had a positive return on equity of 10.48% and a negative net margin of 16.30%.The firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same period last year, the firm earned $2.38 EPS. The firm's revenue was down 4.5% compared to the same quarter last year. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. As a group, sell-side analysts expect that Celanese Corporation will post 8.79 EPS for the current year.

Celanese Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Tuesday, July 29th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.3%. The ex-dividend date was Tuesday, July 29th. Celanese's dividend payout ratio (DPR) is currently -0.81%.

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.