Celanese Corporation $CE Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its stake in Celanese Corporation by 96.3%, selling over 500,000 shares and ending with a holding worth approximately $1.1 million.
• Several institutional investors, including Turtle Creek Asset Management and Federated Hermes, significantly increased their holdings in Celanese with percentage increases as high as 9,132.0%.
• Celanese's stock has received mixed ratings from analysts, resulting in a current consensus rating of "Hold" and a consensus price target of approximately $59.94.

Deutsche Bank AG lessened its stake in Celanese Corporation (NYSE:CE - Free Report) by 96.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,245 shares of the basic materials company's stock after selling 503,354 shares during the quarter. Deutsche Bank AG's holdings in Celanese were worth $1,093,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Turtle Creek Asset Management Inc. increased its holdings in shares of Celanese by 266.7% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 3,506,440 shares of the basic materials company's stock valued at $242,681,000 after purchasing an additional 2,550,334 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Celanese by 9,132.0% in the first quarter. Federated Hermes Inc. now owns 1,801,349 shares of the basic materials company's stock valued at $102,263,000 after purchasing an additional 1,781,837 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Celanese by 20.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,599,615 shares of the basic materials company's stock valued at $110,704,000 after purchasing an additional 275,488 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Celanese by 891.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,521,564 shares of the basic materials company's stock valued at $105,308,000 after purchasing an additional 1,368,104 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Celanese by 13.7% in the fourth quarter. Northern Trust Corp now owns 1,046,337 shares of the basic materials company's stock valued at $72,417,000 after purchasing an additional 126,058 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Zacks Research cut Celanese from a "hold" rating to a "strong sell" rating in a report on Thursday, August 14th. Robert W. Baird cut their price target on Celanese from $67.00 to $50.00 and set an "outperform" rating for the company in a report on Wednesday, August 13th. Barclays increased their price objective on Celanese from $59.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Wall Street Zen upgraded Celanese from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Royal Bank Of Canada lowered their price objective on Celanese from $63.00 to $45.00 and set a "sector perform" rating for the company in a research report on Thursday, August 14th. Six research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $59.94.

Celanese Trading Up 8.4%

CE opened at $48.4380 on Friday. Celanese Corporation has a 52 week low of $36.29 and a 52 week high of $142.54. The business has a fifty day simple moving average of $53.75 and a 200-day simple moving average of $52.76. The firm has a market cap of $5.30 billion, a P/E ratio of -3.27, a P/E/G ratio of 2.10 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.

Celanese (NYSE:CE - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The basic materials company reported $1.44 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the business posted $2.38 earnings per share. The company's quarterly revenue was down 4.5% on a year-over-year basis. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. On average, equities analysts expect that Celanese Corporation will post 8.79 earnings per share for the current year.

Celanese Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Tuesday, July 29th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Tuesday, July 29th. Celanese's dividend payout ratio (DPR) is currently -0.81%.

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.

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