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

Other large investors also recently bought and sold shares of the company. Strengthening Families & Communities LLC boosted its holdings in 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 acquiring an additional 186 shares during the period. Summit Securities Group LLC purchased a new position in Celanese during the 1st quarter valued at $30,000. State of Wyoming boosted its holdings in Celanese by 122.5% during the 4th quarter. State of Wyoming now owns 485 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 267 shares during the period. Mather Group LLC. boosted its holdings in Celanese by 127.0% during the 1st quarter. Mather Group LLC. now owns 622 shares of the basic materials company's stock valued at $35,000 after acquiring an additional 348 shares during the period. Finally, LRI Investments LLC boosted its holdings in Celanese by 739.1% during the 4th quarter. LRI Investments LLC now owns 537 shares of the basic materials company's stock valued at $37,000 after acquiring an additional 473 shares during the period. Hedge funds and other institutional investors own 98.87% of the company's stock.

Insider Transactions at Celanese

In other Celanese news, Director Timothy Go bought 1,039 shares of Celanese stock in a transaction that occurred on Monday, September 8th. The shares were bought at an average cost of $46.25 per share, with a total value of $48,053.75. Following the transaction, the director directly owned 4,415 shares of the company's stock, valued at approximately $204,193.75. This represents a 30.78% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CE has been the subject of a number of research analyst reports. Bank of America decreased their target price on Celanese from $65.00 to $59.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Cfra Research raised Celanese to a "moderate sell" rating in a research report on Tuesday, August 12th. Jefferies Financial Group decreased their target price on Celanese from $47.00 to $43.00 and set a "hold" rating for the company in a research report on Monday, September 8th. Robert W. Baird decreased their target price on Celanese from $67.00 to $50.00 and set an "outperform" rating for the company in a research report on Wednesday, August 13th. Finally, UBS Group decreased their target price on Celanese from $66.00 to $49.00 and set a "neutral" rating for the company in a research report on Tuesday, August 12th. Six investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $57.22.

Celanese Stock Down 1.7%

Shares of NYSE CE traded down $0.77 during mid-day trading on Monday, reaching $44.83. 1,352,578 shares of the company were exchanged, compared to its average volume of 1,859,887. 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 stock has a market cap of $4.91 billion, a price-to-earnings ratio of -3.03, a P/E/G ratio of 2.06 and a beta of 1.11. Celanese Corporation has a 1 year low of $36.29 and a 1 year high of $142.54. The firm has a 50-day moving average of $50.46 and a 200 day moving average of $51.12.

Celanese (NYSE:CE - Get Free Report) last announced its earnings results on Monday, August 11th. The basic materials company reported $1.44 earnings per share (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 company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the company posted $2.38 EPS. The firm'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, research analysts expect that Celanese Corporation will post 8.79 earnings per share for the current year.

Celanese Dividend Announcement

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 dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, July 29th. Celanese's dividend payout ratio is currently -0.81%.

Celanese Company 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.