Northern Trust Corp Sells 408,370 Shares of Celanese Corporation $CE

Key Points

• Northern Trust Corp reduced its holdings in Celanese Corporation by 39.0% in the first quarter, selling 408,370 shares and holding a total of 637,967 shares post-sale.
• Celanese's most recent earnings report showed $1.44 EPS, beating estimates, with revenue down 4.5% year-over-year at $2.53 billion.
• The company declared a quarterly dividend of $0.03, resulting in a dividend yield of 0.3%, with a negative payout ratio of -0.81%.

Northern Trust Corp decreased its position in Celanese Corporation (NYSE:CE - Free Report) by 39.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 637,967 shares of the basic materials company's stock after selling 408,370 shares during the quarter. Northern Trust Corp owned 0.58% of Celanese worth $36,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Strengthening Families & Communities LLC increased its holdings in shares of Celanese by 73.2% in the first quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 186 shares during the period. Summit Securities Group LLC purchased a new stake in Celanese during the 1st quarter worth approximately $30,000. State of Wyoming grew its position in shares of Celanese by 122.5% in the 4th quarter. State of Wyoming now owns 485 shares of the basic materials company's stock valued at $34,000 after buying an additional 267 shares during the last quarter. Mather Group LLC. increased its stake in Celanese by 127.0% in the first 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 period. Finally, LRI Investments LLC grew its position in Celanese by 739.1% in the 4th quarter. LRI Investments LLC now owns 537 shares of the basic materials company's stock valued at $37,000 after buying an additional 473 shares during the last quarter. Institutional investors own 98.87% of the company's stock.

Celanese Stock Performance

Shares of CE stock traded down $1.35 during trading on Wednesday, reaching $44.72. The company had a trading volume of 749,460 shares, compared to its average volume of 2,773,417. The company has a market capitalization of $4.90 billion, a PE ratio of -3.02, a PEG ratio of 2.06 and a beta of 1.11. Celanese Corporation has a one year low of $36.29 and a one year high of $142.54. The firm's 50 day simple moving average is $52.67 and its two-hundred day simple moving average is $51.78. 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 announced its quarterly earnings data on Monday, August 11th. The basic materials company reported $1.44 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the company earned $2.38 EPS. 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. Sell-side analysts forecast that Celanese Corporation will post 8.79 earnings per share for the current year.

Celanese Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Tuesday, July 29th were paid a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, July 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. Celanese's dividend payout ratio is -0.81%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $52.00 price target on Celanese and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Bank of America cut their target price on Celanese from $65.00 to $59.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. KeyCorp reduced their price target on shares of Celanese from $77.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 13th. Wall Street Zen raised shares of Celanese from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Citigroup lifted their price objective on shares of Celanese from $52.00 to $65.00 and gave the company a "neutral" rating in a research note on Thursday, July 10th. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Celanese presently has an average rating of "Hold" and a consensus price target of $59.39.

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.