Comerica Bank Buys 20,595 Shares of Celanese Corporation $CE

Key Points

• Comerica Bank raised its stake in Celanese Corporation by 56.2% in the first quarter, acquiring an additional 20,595 shares, bringing its total holdings to 57,246 shares valued at $3.25 million.
• Several large investors significantly increased their positions in Celanese, with Turtle Creek Asset Management increasing by 266.7% and Federated Hermes raising its stake by a staggering 9,132.0%.
• Celanese recently reported $1.44 EPS for the quarter, beating expectations and announced a quarterly dividend of $0.03, reflecting a 0.3% yield for shareholders.

Comerica Bank increased its position in Celanese Corporation (NYSE:CE - Free Report) by 56.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,246 shares of the basic materials company's stock after purchasing an additional 20,595 shares during the period. Comerica Bank owned approximately 0.05% of Celanese worth $3,250,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CE. Strengthening Families & Communities LLC lifted its holdings in shares of 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 purchasing an additional 186 shares in the last quarter. Summit Securities Group LLC purchased a new stake in Celanese in the 1st quarter valued at $30,000. State of Wyoming raised its position in 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. raised its position in Celanese by 127.0% in the 1st quarter. Mather Group LLC. now owns 622 shares of the basic materials company's stock valued at $35,000 after buying an additional 348 shares during the last quarter. Finally, LRI Investments LLC increased its position 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. 98.87% of the stock is currently owned by institutional investors.

Celanese Stock Performance

CE traded up $1.31 during trading hours on Thursday, hitting $45.95. The stock had a trading volume of 624,310 shares, compared to its average volume of 2,766,659. The company's fifty day simple moving average is $52.45 and its 200 day simple moving average is $51.73. Celanese Corporation has a 1 year low of $36.29 and a 1 year high of $142.54. The stock has a market cap of $5.03 billion, a PE ratio of -3.10, a price-to-earnings-growth ratio of 2.06 and a beta of 1.11. 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 issued its 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 the consensus estimate of $2.50 billion. During the same quarter last year, the company earned $2.38 EPS. The firm's revenue was down 4.5% compared to the same quarter last year. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. Equities analysts anticipate that Celanese Corporation will post 8.79 earnings per share for the current year.

Celanese Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Tuesday, July 29th were paid a $0.03 dividend. The ex-dividend date was Tuesday, July 29th. This represents a $0.12 annualized dividend and a yield of 0.3%. Celanese's dividend payout ratio (DPR) is currently -0.81%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CE shares. Bank of America decreased their target price on Celanese from $65.00 to $59.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft set a $52.00 target price on Celanese and gave the company a "buy" rating in a research report on Wednesday, August 13th. UBS Group decreased their target price on Celanese from $66.00 to $49.00 and set a "neutral" rating for the company in a research report on Tuesday, August 12th. Zacks Research lowered Celanese from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 14th. Finally, Citigroup raised their target price on Celanese from $52.00 to $65.00 and gave the company a "neutral" rating in a research report on Thursday, July 10th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Celanese has a consensus rating of "Hold" and an average target price of $59.39.

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.