Celanese Corporation $CE Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. increased its position in shares of Celanese Corporation (NYSE:CE - Free Report) by 141.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,419 shares of the basic materials company's stock after buying an additional 71,231 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.11% of Celanese worth $6,893,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CE. Mercer Global Advisors Inc. ADV increased its stake in shares of Celanese by 27.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,369 shares of the basic materials company's stock valued at $579,000 after buying an additional 1,817 shares during the period. Bank of America Corp DE increased its stake in shares of Celanese by 8.8% during the fourth quarter. Bank of America Corp DE now owns 597,557 shares of the basic materials company's stock valued at $41,357,000 after buying an additional 48,115 shares during the period. Deutsche Bank AG increased its stake in shares of Celanese by 106.2% during the fourth quarter. Deutsche Bank AG now owns 522,599 shares of the basic materials company's stock valued at $36,169,000 after buying an additional 269,121 shares during the period. Ethic Inc. increased its stake in shares of Celanese by 12.6% during the fourth quarter. Ethic Inc. now owns 9,858 shares of the basic materials company's stock valued at $682,000 after buying an additional 1,102 shares during the period. Finally, Focus Partners Wealth increased its stake in shares of Celanese by 3.9% during the fourth quarter. Focus Partners Wealth now owns 4,197 shares of the basic materials company's stock valued at $291,000 after buying an additional 156 shares during the period. Hedge funds and other institutional investors own 98.87% of the company's stock.

Celanese Stock Down 2.5%

NYSE CE traded down $1.17 during trading on Friday, hitting $45.70. The company's stock had a trading volume of 1,014,011 shares, compared to its average volume of 1,897,838. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.05 and a quick ratio of 1.22. The company has a market cap 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 business's 50 day simple moving average is $50.72 and its 200-day simple moving average is $51.17. Celanese Corporation has a fifty-two week low of $36.29 and a fifty-two week high of $142.54.

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

Celanese Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Tuesday, July 29th were issued a $0.03 dividend. 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 (DPR) is currently -0.81%.

Insiders Place Their Bets

In other Celanese news, Director Timothy Go purchased 1,039 shares of the stock in a transaction on Monday, September 8th. The stock was acquired at an average price of $46.25 per share, with a total value of $48,053.75. Following the completion of the acquisition, the director 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.33% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on CE shares. Jefferies Financial Group cut their target price on Celanese from $47.00 to $43.00 and set a "hold" rating on the stock in a research note on Monday, September 8th. BMO Capital Markets cut their target price on Celanese from $55.00 to $47.00 and set a "market perform" rating on the stock in a research note on Thursday, August 14th. Deutsche Bank Aktiengesellschaft set a $52.00 target price on Celanese and gave the company a "buy" rating in a research note on Wednesday, August 13th. Citigroup lifted their target price on Celanese from $52.00 to $65.00 and gave the company a "neutral" rating in a research note on Thursday, July 10th. Finally, Royal Bank Of Canada cut their target price on Celanese from $63.00 to $45.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 14th. Six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $57.22.

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.