United Services Automobile Association Buys New Shares in Celanese Corporation $CE

Key Points

• United Services Automobile Association acquired 6,683 shares of Celanese Corporation valued at approximately $382,000, as noted in their recent 13F filing with the SEC.
• Celanese reported quarterly earnings of $1.44 per share, exceeding analysts' expectations, with revenue of $2.53 billion despite being down 4.5% year-over-year.
• The company has announced a quarterly dividend of $0.03 per share, representing an annualized yield of 0.3%, and its payout ratio is currently at -0.81%.

United Services Automobile Association bought a new position in shares of Celanese Corporation (NYSE:CE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,683 shares of the basic materials company's stock, valued at approximately $382,000.

Other hedge funds have also added to or reduced their stakes in the company. Strengthening Families & Communities LLC increased its position in shares of Celanese by 73.2% in the first quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company's stock worth $25,000 after purchasing an additional 186 shares during the period. State of Wyoming increased its holdings in shares of Celanese by 122.5% during the fourth quarter. State of Wyoming now owns 485 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 267 shares in the last quarter. Summit Securities Group LLC bought a new stake in Celanese during the first quarter worth $30,000. Mather Group LLC. boosted its position in Celanese by 127.0% in the first quarter. Mather Group LLC. now owns 622 shares of the basic materials company's stock worth $35,000 after purchasing an additional 348 shares during the last quarter. Finally, American National Bank & Trust purchased a new position in Celanese in the first quarter worth $40,000. Institutional investors and hedge funds own 98.87% of the company's stock.

Celanese Trading Down 1.7%

NYSE CE traded down $0.77 on Monday, reaching $44.83. The stock had a trading volume of 1,352,578 shares, compared to its average volume of 2,739,470. The stock has a fifty day moving average price of $50.72 and a two-hundred day moving average price of $51.16. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of -3.03, a P/E/G ratio of 2.06 and a beta of 1.11. The company has a quick ratio of 1.22, a current ratio of 2.05 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.

Celanese (NYSE:CE - Get Free Report) last issued its earnings results on Monday, August 11th. The basic materials company reported $1.44 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.06. Celanese had a negative net margin of 16.30% and a positive return on equity of 10.48%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the firm posted $2.38 earnings per share. The company's revenue was down 4.5% compared to the same quarter last year. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. As a group, sell-side analysts forecast that Celanese Corporation will post 8.79 EPS for the current fiscal year.

Celanese Dividend Announcement

The firm also recently declared 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 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%.

Insider Transactions at Celanese

In related news, Director Timothy Go purchased 1,039 shares of the firm's stock in a transaction on Monday, September 8th. The shares were bought at an average price of $46.25 per share, for a total transaction of $48,053.75. Following the acquisition, the director directly owned 4,415 shares in the company, valued at $204,193.75. This trade represents a 30.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.33% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on CE. JPMorgan Chase & Co. reduced their price objective on Celanese from $47.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, August 14th. Royal Bank Of Canada reduced their target price on Celanese from $63.00 to $45.00 and set a "sector perform" rating for the company in a report on Thursday, August 14th. BMO Capital Markets lowered their target price on Celanese from $55.00 to $47.00 and set a "market perform" rating on the stock in a research report on Thursday, August 14th. Zacks Research downgraded Celanese from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 14th. Finally, Bank of America decreased their target price on Celanese from $65.00 to $59.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Celanese currently has a consensus rating of "Hold" and an average target price of $57.22.

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.