Renaissance Technologies LLC Reduces Position in Celanese Corporation $CE

Key Points

• Renaissance Technologies cut its Celanese position by 93.7% in the first quarter, selling 423,600 shares and retaining 28,500 shares valued at approximately $1.87 million.
• Celanese reported quarterly EPS of $2.45, exceeding analysts’ $2.23 consensus, while revenue reached $2.75 billion, up 8.7% year over year. The company issued third-quarter 2026 EPS guidance of $1.35–$1.75.
• Shares opened at $44.86, well below the analyst consensus price target of $63.88; despite mixed ratings, the stock carries a “Moderate Buy” consensus. Institutional investors own 98.87% of Celanese’s shares.

Renaissance Technologies LLC trimmed its position in shares of Celanese Corporation (NYSE:CE - Free Report) by 93.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,500 shares of the basic materials company's stock after selling 423,600 shares during the period. Renaissance Technologies LLC's holdings in Celanese were worth $1,874,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 lifted its stake in shares of Celanese by 265.2% during the 1st quarter. NewEdge Advisors LLC now owns 5,032 shares of the basic materials company's stock worth $286,000 after acquiring an additional 3,654 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Celanese by 144.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,276 shares of the basic materials company's stock valued at $71,000 after acquiring an additional 755 shares during the period. Baird Financial Group Inc. grew its position in Celanese by 42.1% in the 2nd quarter. Baird Financial Group Inc. now owns 7,768 shares of the basic materials company's stock valued at $430,000 after acquiring an additional 2,303 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in Celanese by 6.5% in the 2nd quarter. California Public Employees Retirement System now owns 184,980 shares of the basic materials company's stock valued at $10,235,000 after acquiring an additional 11,347 shares during the last quarter. Institutional investors own 98.87% of the company's stock.

Celanese Trading Up 0.9%

Shares of NYSE CE opened at $44.86 on Wednesday. Celanese Corporation has a twelve month low of $35.13 and a twelve month high of $70.70. The firm has a market cap of $4.92 billion, a PE ratio of -4.20, a price-to-earnings-growth ratio of 0.29 and a beta of 0.76. The business has a fifty day simple moving average of $47.76 and a two-hundred day simple moving average of $53.90. The company has a quick ratio of 0.87, a current ratio of 1.45 and a debt-to-equity ratio of 2.33.

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 analysts' consensus estimates of $2.23 by $0.22. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.75 billion. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%.The business's revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.44 EPS. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. Analysts expect that Celanese Corporation will post 5.94 earnings per share 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 dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.3%. The ex-dividend date was Tuesday, July 28th. Celanese's dividend payout ratio is presently -1.12%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Celanese in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft set a $50.00 price target on shares of Celanese in a report on Thursday, August 6th. BMO Capital Markets reduced their price target on shares of Celanese from $57.00 to $54.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 5th. Citigroup decreased their price objective on shares of Celanese from $80.00 to $68.00 and set a "buy" rating for the company in a report on Wednesday, June 24th. Finally, Bank of America lowered their price objective on shares of Celanese from $72.00 to $63.00 and set a "buy" rating for the company in a research report on Tuesday, June 30th. Ten equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $63.88.

Celanese Profile

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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