Jacobs Levy Equity Management Inc. Grows Stake in Celanese Corporation $CE

Jacobs Levy Equity Management Inc. grew its holdings in shares of Celanese Corporation (NYSE:CE - Free Report) by 141.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,419 shares of the basic materials company's stock after acquiring an additional 71,231 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.11% of Celanese worth $6,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of CE. Strengthening Families & Communities LLC boosted its holdings in Celanese by 73.2% in the 1st quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company's stock worth $25,000 after buying an additional 186 shares during the period. Summit Securities Group LLC bought a new position in shares of Celanese during the 1st quarter valued at about $30,000. State of Wyoming boosted its holdings in shares of 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 purchasing an additional 267 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of 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 purchasing an additional 348 shares during the last quarter. Finally, LRI Investments LLC boosted its holdings in shares of 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 purchasing an additional 473 shares during the last quarter. Institutional investors own 98.87% of the company's stock.

Wall Street Analysts Forecast Growth

CE has been the subject of several research reports. KeyCorp dropped their price objective on shares of Celanese from $77.00 to $70.00 and set an "overweight" rating for the company in a report on Wednesday, August 13th. Alembic Global Advisors set a $60.00 price target on shares of Celanese in a report on Monday, August 25th. Mizuho increased their price target on shares of Celanese from $50.00 to $59.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Citigroup increased their price target on shares of Celanese from $52.00 to $65.00 and gave the company a "neutral" rating in a report on Thursday, July 10th. Finally, Cfra Research raised shares of 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 given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $57.22.

Celanese Trading Down 2.5%

Shares of NYSE:CE traded down $1.17 during trading on Friday, reaching $45.70. 1,014,011 shares of the company were exchanged, compared to its average volume of 1,897,838. The firm 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 business's fifty day simple moving average is $50.72 and its 200-day simple moving average is $51.16. Celanese Corporation has a 12-month low of $36.29 and a 12-month high of $142.54. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.05 and a quick ratio of 1.22.

Celanese (NYSE:CE - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Celanese had a negative net margin of 16.30% and a positive return on equity of 10.48%. Celanese's revenue was down 4.5% compared to the same quarter last year. During the same period last year, the company posted $2.38 earnings per share. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. On average, research analysts anticipate that Celanese Corporation will post 8.79 EPS for the current year.

Celanese Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Tuesday, July 29th were issued 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 (DPR) is presently -0.81%.

Insider Transactions at Celanese

In other Celanese 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 bought at an average cost of $46.25 per share, with a total value of $48,053.75. Following the completion of the acquisition, the director directly owned 4,415 shares in the company, valued at $204,193.75. This represents a 30.78% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is currently owned by 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.