Celanese Corporation $CE Shares Sold by Amundi

Key Points

• Amundi has reduced its stake in Celanese Corporation by 41.3% to 210,554 shares, valued at approximately $11.95 million.
• Institutional investors dominate Celanese's ownership, holding 98.87% of the company's stock with significant increases in holdings from firms like Turtle Creek Asset Management and Federated Hermes.
• Celanese's quarterly results showed an EPS of $1.44, beating expectations, but revenue declined by 4.5% year-over-year to $2.53 billion.

Amundi reduced its position in Celanese Corporation (NYSE:CE - Free Report) by 41.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 210,554 shares of the basic materials company's stock after selling 148,140 shares during the period. Amundi owned 0.19% of Celanese worth $11,953,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Focus Partners Wealth boosted its position in Celanese by 3.9% in the fourth quarter. Focus Partners Wealth now owns 4,197 shares of the basic materials company's stock worth $291,000 after purchasing an additional 156 shares during the last quarter. Strengthening Families & Communities LLC lifted its position in shares of Celanese by 73.2% during the 1st quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company's stock valued at $25,000 after buying an additional 186 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Celanese by 6.8% during the 4th quarter. Tidal Investments LLC now owns 3,263 shares of the basic materials company's stock valued at $226,000 after buying an additional 209 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in Celanese by 1.8% during 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 period. Finally, Janus Henderson Group PLC raised its stake in Celanese by 1.8% during the 4th quarter. Janus Henderson Group PLC now owns 14,024 shares of the basic materials company's stock valued at $971,000 after purchasing an additional 251 shares during the period. 98.87% of the stock is currently owned by institutional investors.

Celanese Price Performance

Shares of NYSE CE traded down $1.17 during midday trading on Friday, hitting $45.70. The stock had a trading volume of 1,014,011 shares, compared to its average volume of 1,897,838. The company has a market capitalization of $5.00 billion, a PE ratio of -3.08, a P/E/G ratio of 2.12 and a beta of 1.11. The stock has a 50 day simple moving average of $50.72 and a 200-day simple moving average of $51.17. Celanese Corporation has a 1 year low of $36.29 and a 1 year high of $142.54. The company has a quick ratio of 1.22, a current ratio of 2.05 and a debt-to-equity ratio of 2.22.

Celanese (NYSE:CE - Get Free Report) last released its earnings results on Monday, August 11th. The basic materials company reported $1.44 earnings per share 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 business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the business posted $2.38 earnings per share. The business's quarterly 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. On average, sell-side analysts expect that Celanese Corporation will post 8.79 EPS for the current fiscal year.

Celanese Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CE shares. JPMorgan Chase & Co. reduced their price objective on Celanese from $47.00 to $40.00 and set a "neutral" rating on the stock in a research note on Thursday, August 14th. Alembic Global Advisors set a $60.00 price objective on Celanese in a research note on Monday, August 25th. UBS Group reduced their price objective on Celanese from $66.00 to $49.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 12th. Wells Fargo & Company cut their target price on Celanese from $72.00 to $60.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 13th. Finally, Cfra Research upgraded Celanese to a "moderate sell" rating in a report on Tuesday, August 12th. Six research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Celanese presently has a consensus rating of "Hold" and an average price target of $57.22.

Insider Buying and Selling

In other news, Director Timothy Go acquired 1,039 shares of the business's stock in a transaction that occurred on Monday, September 8th. The shares were purchased at an average price of $46.25 per share, for a total transaction of $48,053.75. Following the acquisition, the director owned 4,415 shares of the company's stock, valued at $204,193.75. This represents a 30.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is owned by corporate insiders.

About Celanese

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.