Raymond James Financial Inc. boosted its stake in shares of Celanese Corporation (NYSE:CE - Free Report) by 9.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 113,668 shares of the basic materials company's stock after purchasing an additional 10,096 shares during the period. Raymond James Financial Inc. owned approximately 0.10% of Celanese worth $6,453,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. Sequoia Financial Advisors LLC purchased a new stake in Celanese during the 1st quarter worth about $292,000. Teacher Retirement System of Texas acquired a new position in shares of Celanese in the first quarter worth about $907,000. Mather Group LLC. lifted its position in shares of Celanese by 127.0% in the 1st quarter. Mather Group LLC. now owns 622 shares of the basic materials company's stock worth $35,000 after buying an additional 348 shares during the last quarter. Amalgamated Bank boosted its position in Celanese by 55.1% during the 1st quarter. Amalgamated Bank now owns 33,508 shares of the basic materials company's stock worth $1,902,000 after acquiring an additional 11,905 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Celanese by 20.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,225 shares of the basic materials company's stock valued at $2,397,000 after acquiring an additional 7,275 shares during the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.
Celanese Stock Down 5.2%
Shares of CE stock traded down $2.53 during trading hours on Monday, reaching $46.21. The company had a trading volume of 994,390 shares, compared to its average volume of 2,763,294. 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 company has a market cap of $5.06 billion, a price-to-earnings ratio of -3.11, a price-to-earnings-growth ratio of 2.21 and a beta of 1.11. The business has a fifty day simple moving average of $52.08 and a 200-day simple moving average of $51.41. Celanese Corporation has a 12 month low of $36.29 and a 12 month high of $142.54.
Celanese (NYSE:CE - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The basic materials company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.06. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Celanese had a negative net margin of 16.30% and a positive return on equity of 10.48%. Celanese's revenue was down 4.5% compared to the same quarter last year. During the same period last year, the business earned $2.38 earnings per share. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. On average, research analysts expect that Celanese Corporation will post 8.79 earnings per share for the current fiscal year.
Celanese Announces Dividend
The company also recently announced 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 0.3%. Celanese's dividend payout ratio is currently -0.81%.
Wall Street Analyst Weigh In
CE has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price objective on shares of Celanese from $47.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, August 14th. Bank of America decreased their price target on shares of Celanese from $65.00 to $59.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Alembic Global Advisors set a $60.00 price objective on Celanese in a research report on Monday, August 25th. Cfra Research raised shares of Celanese to a "moderate sell" rating in a research report on Tuesday, August 12th. Finally, Mizuho upped their target price on shares of Celanese from $50.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Six equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $57.22.
Read Our Latest Report on CE
About Celanese
(
Free Report)
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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