Algert Global LLC Has $1.71 Million Stock Holdings in Celanese Corporation $CE

Key Points

• Algert Global cut its Celanese position by 49.2% in the second quarter, selling 36,050 shares and retaining 37,150 shares valued at approximately $1.71 million. Institutional investors collectively own 98.87% of the company.
• Celanese reported quarterly EPS of $2.45, exceeding analyst expectations of $2.23, while revenue reached $2.75 billion, up 8.7% year over year. The company issued third-quarter 2026 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 versus the stock’s reported price near $44.95. Celanese also paid a quarterly dividend of $0.03 per share, representing a 0.3% annualized yield.

Algert Global LLC reduced its position in shares of Celanese Corporation (NYSE:CE - Free Report) by 49.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,150 shares of the basic materials company's stock after selling 36,050 shares during the period. Algert Global LLC's holdings in Celanese were worth $1,709,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cibc World Market Inc. acquired a new position in shares of Celanese during the 2nd quarter worth $23,382,000. Sanctuary Advisors LLC acquired a new stake in Celanese in the second quarter valued at about $263,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Celanese in the second quarter valued at about $44,564,000. First Nebraska Trust Co bought a new position in shares of Celanese in the second quarter worth about $226,000. Finally, Bank of Nova Scotia acquired a new stake in shares of Celanese in the 2nd quarter valued at approximately $2,431,000. 98.87% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Mark Christopher Murray bought 2,153 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $45.52 per share, with a total value of $98,004.56. Following the completion of the purchase, the senior vice president directly owned 30,432 shares of the company's stock, valued at approximately $1,385,264.64. This represents a 7.61% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.34% of the stock is owned by corporate insiders.

Celanese Stock Performance

Shares of CE stock opened at $44.95 on Friday. The stock has a market capitalization of $4.93 billion, a PE ratio of -4.20, a PEG ratio of 0.29 and a beta of 0.76. The business's 50 day simple moving average is $46.00 and its 200 day simple moving average is $53.58. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.45 and a quick ratio of 0.87. Celanese Corporation has a one year low of $35.13 and a one year high of $70.70.

Celanese (NYSE:CE - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.22. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates 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 was up 8.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.44 EPS. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. As a group, research analysts forecast that Celanese Corporation will post 5.99 earnings per share for the current year.

Celanese Announces Dividend

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

Wall Street Analyst Weigh In

CE has been the subject of several research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Celanese in a research note on Friday, August 21st. Morgan Stanley dropped their target price on Celanese from $72.00 to $58.00 and set an "equal weight" rating for the company in a research report on Thursday, July 16th. Wells Fargo & Company reduced their price target on Celanese from $80.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $50.00 price objective on Celanese in a research note on Thursday, August 6th. Finally, Bank of America cut their target price on shares of Celanese from $72.00 to $63.00 and set a "buy" rating on the stock in a research report on Tuesday, June 30th. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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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