Russell Investments Group Ltd. Has $51.10 Million Stock Holdings in Celanese Corporation $CE

Key Points

• Russell Investments Group Ltd. increased its Celanese stake by 21.5% to 1,214,487 shares, worth about $51.10 million—representing roughly 1.11% of the company at the end of the quarter.
• Earnings miss: Celanese reported Q4 EPS of $0.67 versus $0.89 expected and revenue of $2.20B (vs. $2.25B), posting a negative net margin of -12.15%; the stock trades near $50.74 with a $5.56B market cap and a consensus analyst rating of "Hold" (average target $59.39).
• Large institutional moves continued—Federated Hermes boosted holdings by 182.1%, Norges Bank opened a new position worth about $114.9M, and Bank of America more than doubled its stake—leaving 98.87% institutional ownership.

Russell Investments Group Ltd. increased its position in shares of Celanese Corporation (NYSE:CE - Free Report) by 21.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,214,487 shares of the basic materials company's stock after buying an additional 214,632 shares during the period. Russell Investments Group Ltd. owned 1.11% of Celanese worth $51,104,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Federated Hermes Inc. increased its holdings in shares of Celanese by 182.1% during the 2nd quarter. Federated Hermes Inc. now owns 5,081,458 shares of the basic materials company's stock worth $281,157,000 after purchasing an additional 3,280,109 shares during the period. State Street Corp grew its position in Celanese by 3.2% during the second quarter. State Street Corp now owns 3,828,747 shares of the basic materials company's stock worth $211,845,000 after buying an additional 120,208 shares in the last quarter. Norges Bank bought a new position in Celanese during the second quarter valued at about $114,934,000. Geode Capital Management LLC raised its holdings in Celanese by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,866,515 shares of the basic materials company's stock valued at $103,301,000 after acquiring an additional 13,042 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Celanese by 103.7% in the 2nd quarter. Bank of America Corp DE now owns 1,645,689 shares of the basic materials company's stock worth $91,056,000 after acquiring an additional 837,944 shares during the period. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CE shares. Robert W. Baird set a $65.00 target price on shares of Celanese in a research report on Thursday, February 19th. Royal Bank Of Canada raised their price target on Celanese from $48.00 to $55.00 and gave the company a "sector perform" rating in a report on Monday, February 23rd. Evercore set a $63.00 target price on shares of Celanese in a report on Wednesday, February 18th. Wells Fargo & Company upped their target price on shares of Celanese from $45.00 to $55.00 and gave the company an "equal weight" rating in a research report on Thursday, February 19th. Finally, Vertical Research raised Celanese from a "hold" rating to a "buy" rating and set a $60.00 target price on the stock in a research note on Monday. Nine investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, Celanese has an average rating of "Hold" and a consensus price target of $59.39.

Celanese Stock Down 1.4%

NYSE:CE opened at $50.74 on Wednesday. Celanese Corporation has a twelve month low of $35.13 and a twelve month high of $63.55. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of -4.79, a price-to-earnings-growth ratio of 0.37 and a beta of 1.07. The company has a quick ratio of 0.94, a current ratio of 1.55 and a debt-to-equity ratio of 2.55. The stock's 50 day moving average price is $49.57 and its two-hundred day moving average price is $44.68.

Celanese (NYSE:CE - Get Free Report) last released its quarterly earnings data on Tuesday, February 17th. The basic materials company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.22). The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.25 billion. Celanese had a positive return on equity of 8.75% and a negative net margin of 12.15%.The company's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the firm earned $1.45 earnings per share. Celanese has set its Q1 2026 guidance at 0.700-0.850 EPS. Equities research analysts expect that Celanese Corporation will post 8.79 earnings per share for the current fiscal year.

Celanese Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Tuesday, February 24th. Celanese's dividend payout ratio is presently -1.13%.

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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