Invesco Ltd. Sells 3,505,664 Shares of Celanese Corporation $CE

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. lessened its stake in shares of Celanese Corporation (NYSE:CE - Free Report) by 88.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CE. Focus Partners Wealth raised its stake in Celanese by 3.9% in the 4th quarter. Focus Partners Wealth now owns 4,197 shares of the basic materials company's stock worth $291,000 after purchasing an additional 156 shares in the last quarter. Tidal Investments LLC raised its stake in Celanese by 6.8% in the 4th quarter. Tidal Investments LLC now owns 3,263 shares of the basic materials company's stock worth $226,000 after purchasing an additional 209 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in Celanese by 1.8% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 13,442 shares of the basic materials company's stock worth $924,000 after purchasing an additional 242 shares in the last quarter. Janus Henderson Group PLC raised its stake in Celanese by 1.8% in the 4th quarter. Janus Henderson Group PLC now owns 14,024 shares of the basic materials company's stock worth $971,000 after purchasing an additional 251 shares in the last quarter. Finally, Meeder Advisory Services Inc. raised its stake in Celanese by 6.7% in the 1st quarter. Meeder Advisory Services Inc. now owns 4,068 shares of the basic materials company's stock worth $231,000 after purchasing an additional 257 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company's stock.

Celanese Trading Down 2.6%

CE traded down $1.25 during trading on Monday, reaching $47.38. 2,324,592 shares of the company's stock were exchanged, compared to its average volume of 2,827,592. Celanese Corporation has a one year low of $36.29 and a one 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 stock has a market capitalization of $5.19 billion, a PE ratio of -3.20, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10. The firm has a fifty day moving average price of $53.57 and a two-hundred day moving average price of $52.50.

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

Celanese Dividend Announcement

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. 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 is -0.81%.

Analysts Set New Price Targets

Several brokerages have weighed in on CE. Wall Street Zen upgraded shares of Celanese from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. KeyCorp dropped their price objective on shares of Celanese from $77.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on shares of Celanese and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Barclays raised their target price on shares of Celanese from $59.00 to $62.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Finally, BMO Capital Markets decreased their target price on shares of Celanese from $55.00 to $47.00 and set a "market perform" rating on the stock in a report on Thursday, August 14th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Celanese currently has a consensus rating of "Hold" and a consensus price target of $59.94.

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.