Deutsche Bank AG Decreases Stock Position in Celanese Corporation $CE

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 cut its position in Celanese Corporation (NYSE:CE - Free Report) by 96.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,245 shares of the basic materials company's stock after selling 503,354 shares during the period. Deutsche Bank AG's holdings in Celanese were worth $1,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CE. State of Wyoming increased its stake in shares of Celanese by 122.5% in the fourth quarter. State of Wyoming now owns 485 shares of the basic materials company's stock worth $34,000 after purchasing an additional 267 shares in the last quarter. Mather Group LLC. increased its stake in shares of Celanese by 127.0% in the first quarter. Mather Group LLC. now owns 622 shares of the basic materials company's stock worth $35,000 after purchasing an additional 348 shares in the last quarter. LRI Investments LLC lifted its holdings in shares of Celanese by 739.1% in the fourth quarter. LRI Investments LLC now owns 537 shares of the basic materials company's stock worth $37,000 after buying an additional 473 shares in the last quarter. American National Bank & Trust purchased a new position in shares of Celanese in the first quarter worth $40,000. Finally, Caption Management LLC purchased a new position in shares of Celanese in the fourth quarter worth $48,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on CE. Cfra Research raised shares of Celanese to a "moderate sell" rating in a report on Tuesday, August 12th. Deutsche Bank Aktiengesellschaft set a $52.00 target price on shares of Celanese and gave the stock a "buy" rating in a report on Wednesday, August 13th. Barclays boosted their target price on shares of Celanese from $59.00 to $62.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Royal Bank Of Canada lowered their target price on shares of Celanese from $63.00 to $45.00 and set a "sector perform" rating on the stock in a report on Thursday, August 14th. Finally, Alembic Global Advisors set a $60.00 target price on shares of Celanese in a report on Monday. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $59.39.

Celanese Price Performance

Shares of CE stock traded up $0.78 on Friday, reaching $47.65. The company's stock had a trading volume of 1,801,054 shares, compared to its average volume of 2,777,356. The stock's fifty day simple moving average is $53.01 and its 200-day simple moving average is $52.16. Celanese Corporation has a 1 year low of $36.29 and a 1 year high of $142.54. The company has a current ratio of 2.05, a quick ratio of 1.22 and a debt-to-equity ratio of 2.22. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of -3.22, a price-to-earnings-growth ratio of 2.03 and a beta of 1.10.

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

Celanese Announces Dividend

The business also recently declared 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 was Tuesday, July 29th. Celanese's dividend payout ratio is presently -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.