QSM Asset Management Ltd Buys 17,525 Shares of Celanese Corporation $CE

Key Points

• QSM Asset Management Ltd increased its investment in Celanese Corporation by 21.4%, now holding a total of 99,275 shares worth approximately $5.5 million.
• Several institutional investors also made significant transactions, with 98.87% of Celanese stock owned by such investors, indicating strong institutional support.
• Wall Street analysts have mixed opinions on Celanese, with target price adjustments reflecting a consensus rating of "Hold" and an average target price of $57.22.

QSM Asset Management Ltd raised its stake in Celanese Corporation (NYSE:CE - Free Report) by 21.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 99,275 shares of the basic materials company's stock after purchasing an additional 17,525 shares during the quarter. Celanese accounts for 5.1% of QSM Asset Management Ltd's portfolio, making the stock its 11th biggest position. QSM Asset Management Ltd owned 0.09% of Celanese worth $5,518,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Counterpoint Mutual Funds LLC bought a new stake in Celanese in the second quarter valued at approximately $315,000. GAMMA Investing LLC raised its holdings in shares of Celanese by 73.0% during the second quarter. GAMMA Investing LLC now owns 6,337 shares of the basic materials company's stock valued at $351,000 after acquiring an additional 2,675 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new position in shares of Celanese during the second quarter valued at approximately $4,154,000. Matrix Trust Co raised its holdings in shares of Celanese by 12.1% during the second quarter. Matrix Trust Co now owns 3,086 shares of the basic materials company's stock valued at $171,000 after acquiring an additional 333 shares in the last quarter. Finally, CX Institutional raised its holdings in shares of Celanese by 39.4% during the second quarter. CX Institutional now owns 2,347 shares of the basic materials company's stock valued at $130,000 after acquiring an additional 663 shares in the last quarter. Institutional investors own 98.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Citigroup upped their target price on Celanese from $52.00 to $65.00 and gave the company a "neutral" rating in a report on Thursday, July 10th. BMO Capital Markets reduced their price target on Celanese from $55.00 to $47.00 and set a "market perform" rating for the company in a report on Thursday, August 14th. Royal Bank Of Canada dropped their price objective on Celanese from $63.00 to $45.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 14th. Cfra Research raised Celanese to a "moderate sell" rating in a research report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. dropped their target price on Celanese from $47.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, August 14th. Six equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $57.22.

Insider Transactions at Celanese

In other Celanese news, Director Timothy Go bought 1,039 shares of Celanese stock in a transaction that occurred on Monday, September 8th. The shares were bought at an average cost of $46.25 per share, with a total value of $48,053.75. Following the transaction, the director directly owned 4,415 shares of the company's stock, valued at approximately $204,193.75. This represents a 30.78% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is owned by corporate insiders.

Celanese Stock Down 1.4%

NYSE CE opened at $43.65 on Tuesday. The stock's 50 day moving average is $48.87 and its 200 day moving average is $50.87. The company has a current ratio of 2.05, a quick ratio of 1.22 and a debt-to-equity ratio of 2.22. Celanese Corporation has a 12 month low of $36.29 and a 12 month high of $142.54. The stock has a market cap of $4.78 billion, a PE ratio of -2.95, a P/E/G ratio of 2.00 and a beta of 1.11.

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 analysts' consensus estimates of $1.38 by $0.06. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Celanese had a positive return on equity of 10.48% and a negative net margin of 16.30%.The company's revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.38 EPS. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. Research analysts predict that Celanese Corporation will post 8.79 EPS for the current fiscal year.

Celanese Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Tuesday, July 29th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Tuesday, July 29th. Celanese's dividend payout ratio is -0.81%.

Celanese 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.

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