Algert Global LLC Invests $6.03 Million in Celanese Corporation $CE

Key Points

• Algert Global LLC has invested approximately $6.03 million in Celanese Corporation, acquiring 106,288 shares during the first quarter.
• Multiple large investors, including Sequoia Financial Advisors and Teacher Retirement System of Texas, have also increased their stakes in Celanese recently, reflecting strong institutional interest.
• Analyst ratings for Celanese show a mixed outlook, with price targets ranging from $45.00 to $72.00, and a consensus rating of "Hold" with a target price of approximately $59.94.

Algert Global LLC purchased a new position in Celanese Corporation (NYSE:CE - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 106,288 shares of the basic materials company's stock, valued at approximately $6,034,000. Algert Global LLC owned about 0.10% of Celanese as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Focus Partners Wealth lifted its position in Celanese by 3.9% in the 4th quarter. Focus Partners Wealth now owns 4,197 shares of the basic materials company's stock valued at $291,000 after purchasing an additional 156 shares during the last quarter. United Capital Financial Advisors LLC lifted its position in Celanese by 2.9% in the 4th quarter. United Capital Financial Advisors LLC now owns 6,167 shares of the basic materials company's stock valued at $427,000 after purchasing an additional 172 shares during the last quarter. Strengthening Families & Communities LLC lifted its position in Celanese by 73.2% in the 1st quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 186 shares during the last quarter. Tidal Investments LLC lifted its position in Celanese by 6.8% in the 4th quarter. Tidal Investments LLC now owns 3,263 shares of the basic materials company's stock valued at $226,000 after purchasing an additional 209 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV lifted its position in Celanese by 1.8% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 13,442 shares of the basic materials company's stock valued at $924,000 after purchasing an additional 242 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on CE shares. JPMorgan Chase & Co. cut their price objective on shares of Celanese from $47.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, August 14th. Citigroup lifted their price objective on shares of Celanese from $52.00 to $65.00 and gave the company a "neutral" rating in a research report on Thursday, July 10th. KeyCorp cut their price objective on shares of Celanese from $77.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 13th. Wall Street Zen raised shares of Celanese from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Bank of America lowered their target price on shares of Celanese from $65.00 to $59.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Six research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Celanese presently has a consensus rating of "Hold" and a consensus price target of $59.94.

Celanese Price Performance

Celanese stock traded up $3.7580 during trading hours on Friday, hitting $48.4380. 2,787,210 shares of the company traded hands, compared to its average volume of 2,759,174. The firm has a market cap of $5.30 billion, a P/E ratio of -3.27, a P/E/G ratio of 1.93 and a beta of 1.10. The company has a quick ratio of 1.22, a current ratio of 2.05 and a debt-to-equity ratio of 2.22. The firm's 50-day simple moving average is $53.75 and its two-hundred day simple moving average is $52.88. Celanese Corporation has a 1-year low of $36.29 and a 1-year high of $142.54.

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

Celanese Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Tuesday, July 29th were paid a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, July 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.2%. Celanese's payout ratio 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.