Royal Bank of Canada Has $5.81 Million Holdings in Celanese Corporation $CE

Key Points

• Royal Bank of Canada cut its Celanese stake by 95.9% in the first quarter, selling 2.04 million shares and retaining 88,302 shares valued at approximately $5.81 million. Institutional investors collectively own 98.87% of the company.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $63.88, although several firms recently reduced their targets.
• Celanese beat quarterly earnings expectations, reporting $2.45 EPS versus the $2.23 consensus and $2.75 billion in revenue. Shares opened at $44.86, while the company declared a quarterly dividend of $0.03 per share.

Royal Bank of Canada decreased its position in shares of Celanese Corporation (NYSE:CE - Free Report) by 95.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,302 shares of the basic materials company's stock after selling 2,044,914 shares during the quarter. Royal Bank of Canada owned about 0.08% of Celanese worth $5,808,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Geneos Wealth Management Inc. grew its position in Celanese by 111.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 270 shares during the period. National Bank of Canada FI acquired a new position in Celanese during the third quarter worth $34,000. Smartleaf Asset Management LLC lifted its stake in shares of Celanese by 100.0% in the second quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company's stock valued at $38,000 after buying an additional 331 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Celanese by 175.7% in the fourth quarter. UMB Bank n.a. now owns 896 shares of the basic materials company's stock valued at $38,000 after buying an additional 571 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of Celanese during the fourth quarter valued at about $41,000. 98.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CE has been the topic of a number of analyst reports. BMO Capital Markets lowered their target price on shares of Celanese from $57.00 to $54.00 and set a "market perform" rating on the stock in a report on Wednesday, August 5th. Wells Fargo & Company cut their price target on Celanese from $80.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, August 6th. Weiss Ratings reissued a "sell (d-)" rating on shares of Celanese in a report on Tuesday, May 26th. Citigroup lowered their price objective on Celanese from $80.00 to $68.00 and set a "buy" rating for the company in a research note on Wednesday, June 24th. Finally, Wall Street Zen lowered Celanese from a "buy" rating to a "hold" rating in a report on Saturday, June 20th. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Celanese currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.88.

Celanese Price Performance

CE opened at $44.86 on Wednesday. The firm has a market cap of $4.92 billion, a P/E ratio of -4.20, a PEG ratio of 0.29 and a beta of 0.76. The firm has a 50-day moving average of $47.76 and a 200 day moving average of $53.90. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.87 and a current ratio of 1.45. Celanese Corporation has a fifty-two week low of $35.13 and a fifty-two week high of $70.70.

Celanese (NYSE:CE - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate 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 quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.44 earnings per share. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. On average, research analysts expect that Celanese Corporation will post 5.94 EPS for the current year.

Celanese Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors 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 payout ratio is -1.12%.

Celanese Company 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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