FORA Capital LLC Reduces Position in Celanese Corporation $CE

Key Points

• FORA Capital LLC reduced its holdings in Celanese Corporation by 16.9%, selling 12,805 shares, and currently owns 62,940 shares valued at approximately $3.57 million.
• Notable institutional investors, including Dodge & Cox and Price T Rowe Associates, increased their stakes in Celanese, highlighting a significant interest from hedge funds, which collectively own 98.87% of the stock.
• Celanese recently announced a quarterly dividend of $0.03 per share, with a current annualized yield of 0.3%, amidst a challenging financial performance where revenue is down 4.5% year-over-year.

FORA Capital LLC lowered its stake in shares of Celanese Corporation (NYSE:CE - Free Report) by 16.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,940 shares of the basic materials company's stock after selling 12,805 shares during the period. FORA Capital LLC owned 0.06% of Celanese worth $3,573,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Celanese by 169.9% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 21,387 shares of the basic materials company's stock valued at $1,214,000 after purchasing an additional 13,462 shares in the last quarter. Comerica Bank boosted its stake in Celanese by 56.2% during the first quarter. Comerica Bank now owns 57,246 shares of the basic materials company's stock valued at $3,250,000 after buying an additional 20,595 shares during the period. Dodge & Cox grew its position in Celanese by 13.0% during the first quarter. Dodge & Cox now owns 15,391,416 shares of the basic materials company's stock worth $873,771,000 after buying an additional 1,773,354 shares in the last quarter. Jump Financial LLC increased its stake in Celanese by 6,533.5% in the 1st quarter. Jump Financial LLC now owns 392,238 shares of the basic materials company's stock worth $22,267,000 after acquiring an additional 386,325 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Celanese by 59.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 9,879 shares of the basic materials company's stock valued at $561,000 after acquiring an additional 3,680 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.

Wall Street Analysts Forecast Growth

CE has been the subject of a number of research reports. Royal Bank Of Canada cut their price target on shares of Celanese from $63.00 to $45.00 and set a "sector perform" rating for the company in a research note on Thursday, August 14th. Alembic Global Advisors set a $60.00 target price on Celanese in a research note on Monday. Bank of America reduced their target price on Celanese from $65.00 to $59.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Citigroup increased their target price on Celanese from $52.00 to $65.00 and gave the company a "neutral" rating in a research note on Thursday, July 10th. Finally, Robert W. Baird reduced their target price on Celanese from $67.00 to $50.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 13th. Six 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 company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $59.39.

Celanese Trading Up 1.7%

Shares of NYSE CE traded up $0.78 during trading hours on Friday, hitting $47.65. The company's stock had a trading volume of 1,801,054 shares, compared to its average volume of 2,791,501. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.22 and a current ratio of 2.05. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of -3.22, a P/E/G ratio of 2.04 and a beta of 1.10. Celanese Corporation has a 12 month low of $36.29 and a 12 month high of $142.54. The business has a 50-day simple moving average of $53.13 and a 200-day simple moving average of $52.29.

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 (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 company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same period last year, the firm earned $2.38 earnings per share. Celanese'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, analysts anticipate that Celanese Corporation will post 8.79 earnings per share for the current fiscal year.

Celanese Dividend Announcement

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