M&T Bank Corp lifted its stake in shares of Celanese Corporation (NYSE:CE - Free Report) by 2,610.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 195,280 shares of the basic materials company's stock after purchasing an additional 188,074 shares during the period. M&T Bank Corp owned approximately 0.18% of Celanese worth $8,256,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of CE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Celanese by 41.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,450 shares of the basic materials company's stock worth $1,842,000 after buying an additional 9,543 shares during the period. NewEdge Advisors LLC boosted its position in shares of Celanese by 265.2% in the first quarter. NewEdge Advisors LLC now owns 5,032 shares of the basic materials company's stock worth $286,000 after buying an additional 3,654 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Celanese by 144.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,276 shares of the basic materials company's stock worth $71,000 after buying an additional 755 shares during the period. Baird Financial Group Inc. boosted its position in shares of Celanese by 42.1% in the second quarter. Baird Financial Group Inc. now owns 7,768 shares of the basic materials company's stock worth $430,000 after buying an additional 2,303 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of Celanese by 6.5% in the second quarter. California Public Employees Retirement System now owns 184,980 shares of the basic materials company's stock worth $10,235,000 after buying an additional 11,347 shares during the period. 98.87% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have recently commented on CE shares. Zacks Research raised Celanese from a "strong sell" rating to a "hold" rating in a research report on Tuesday. UBS Group raised their target price on Celanese from $58.00 to $64.00 and gave the stock a "neutral" rating in a research report on Thursday, April 9th. JPMorgan Chase & Co. raised their target price on Celanese from $40.00 to $53.00 and gave the stock a "neutral" rating in a research report on Thursday, February 19th. Bank of America raised their target price on Celanese from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Tudor Pickering upgraded Celanese from a "hold" rating to a "buy" rating in a report on Monday, March 9th. Nine equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $64.71.
Read Our Latest Research Report on CE
Celanese Price Performance
Shares of NYSE:CE opened at $65.04 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.94 and a debt-to-equity ratio of 2.55. Celanese Corporation has a 1 year low of $35.13 and a 1 year high of $68.77. The business has a fifty day simple moving average of $58.98 and a 200 day simple moving average of $48.69. The firm has a market cap of $7.13 billion, a price-to-earnings ratio of -6.14, a P/E/G ratio of 0.43 and a beta of 0.85.
Celanese (NYSE:CE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 17th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.22). Celanese had a positive return on equity of 8.75% and a negative net margin of 12.15%.The firm had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.25 billion. During the same quarter in the prior year, the business posted $1.45 earnings per share. Celanese's revenue was down 6.5% on a year-over-year basis. Celanese has set its Q1 2026 guidance at 0.700-0.850 EPS. As a group, sell-side analysts predict that Celanese Corporation will post 5.16 earnings per share for the current fiscal year.
Celanese Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Monday, April 27th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Monday, April 27th. Celanese's dividend payout ratio (DPR) is currently -1.13%.
Celanese Profile
(
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.
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