Legal & General Group Plc acquired a new stake in Celanese Corporation (NYSE:CE - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 278,074 shares of the basic materials company's stock, valued at approximately $12,791,000. Legal & General Group Plc owned 0.25% of Celanese at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of CE. Geneos Wealth Management Inc. boosted its holdings in shares of Celanese by 111.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company's stock worth $28,000 after buying an additional 270 shares during the period. National Bank of Canada FI acquired a new position in Celanese in the 3rd quarter valued at about $34,000. Smartleaf Asset Management LLC raised its holdings in Celanese by 100.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 331 shares during the period. UMB Bank n.a. raised its holdings in Celanese by 175.7% in the 4th quarter. UMB Bank n.a. now owns 896 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 571 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in Celanese during the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 98.87% of the company's stock.
Celanese Price Performance
Shares of NYSE:CE opened at $45.40 on Tuesday. The firm has a 50 day moving average of $45.91 and a 200-day moving average of $53.48. Celanese Corporation has a 12 month low of $35.13 and a 12 month high of $70.70. The company has a current ratio of 1.45, a quick ratio of 0.87 and a debt-to-equity ratio of 2.33. The stock has a market capitalization of $4.98 billion, a PE ratio of -4.25, a PEG ratio of 0.29 and a beta of 0.76.
Celanese (NYSE:CE - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.22. The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.75 billion. Celanese had a negative net margin of 12.04% and a positive return on equity of 13.04%. The firm's revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $1.44 EPS. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. On average, equities research analysts predict that Celanese Corporation will post 5.99 EPS for the current fiscal year.
Celanese Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 28th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, July 28th. Celanese's dividend payout ratio (DPR) is currently -1.12%.
Insider Buying and Selling at Celanese
In other Celanese news, SVP Mark Christopher Murray purchased 2,153 shares of the firm's stock in a transaction dated Tuesday, August 11th. The shares were bought at an average price of $45.52 per share, for a total transaction of $98,004.56. Following the purchase, the senior vice president owned 30,432 shares in the company, valued at approximately $1,385,264.64. This trade represents a 7.61% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.34% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently issued reports on CE. Bank of America reduced their price objective on Celanese from $72.00 to $63.00 and set a "buy" rating for the company in a report on Tuesday, June 30th. Wall Street Zen cut Celanese from a "buy" rating to a "hold" rating in a report on Saturday, June 20th. Royal Bank Of Canada boosted their price target on Celanese from $66.00 to $68.00 and gave the company a "sector perform" rating in a research note on Monday, May 11th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Celanese in a report on Friday, August 21st. Finally, JPMorgan Chase & Co. increased their price objective on Celanese from $53.00 to $68.00 and gave the stock an "overweight" rating in a research report on Thursday, May 7th. Nine equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $63.71.
Check Out Our Latest Research Report on CE
About Celanese
(
Free Report)
Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.
In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.
Further Reading
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