Celanese Corporation $CE Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. significantly reduced its stake in Celanese Corporation by 88.3%, ending the quarter with 463,620 shares valued at approximately $26.32 million after selling over 3.5 million shares.
• Analysts have shown mixed ratings for Celanese, with recent price targets ranging from $40 to $59, while the consensus rating remains at "Hold" with an average target price of $59.94.
• Celanese's stock currently trades around $45.16, with recent earnings surpassing estimates, reporting $1.44 EPS on revenue of $2.53 billion despite a year-over-year revenue decline of 4.5%.

Invesco Ltd. reduced its stake in shares of Celanese Corporation (NYSE:CE - Free Report) by 88.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 463,620 shares of the basic materials company's stock after selling 3,505,664 shares during the quarter. Invesco Ltd. owned about 0.42% of Celanese worth $26,320,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. State of Wyoming increased its stake in Celanese by 122.5% in the fourth quarter. State of Wyoming now owns 485 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 267 shares during the period. LRI Investments LLC increased its stake in Celanese by 739.1% in the fourth 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 period. 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. American National Bank & Trust acquired a new position in Celanese in the first quarter valued at $40,000. Finally, Caption Management LLC acquired a new position in Celanese in the fourth quarter valued at $48,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Robert W. Baird dropped their price objective on shares of Celanese from $67.00 to $50.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 13th. UBS Group lowered their target price on shares of Celanese from $66.00 to $49.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 12th. 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 report on Wednesday, August 13th. BMO Capital Markets reduced their price objective on shares of Celanese from $55.00 to $47.00 and set a "market perform" rating on the stock in a research note on Thursday, August 14th. Finally, Barclays upped their price objective on shares of Celanese from $59.00 to $62.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Six analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $59.94.

Celanese Trading Up 8.4%

CE stock traded up $3.7580 on Friday, hitting $48.4380. 2,787,210 shares of the company were exchanged, compared to its average volume of 2,759,174. Celanese Corporation has a twelve month low of $36.29 and a twelve month high of $142.54. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.05 and a quick ratio of 1.22. The business's fifty day moving average is $53.75 and its two-hundred day moving average is $52.76. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of -3.27, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10.

Celanese (NYSE:CE - Get Free Report) last released its quarterly earnings data 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 negative net margin of 16.30% and a positive return on equity of 10.48%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the business earned $2.38 earnings per share. The business's quarterly 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. As a group, research analysts forecast that Celanese Corporation will post 8.79 earnings per share for the current year.

Celanese Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Tuesday, July 29th were given a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, July 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.2%. 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.