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

Several other large investors also recently modified their holdings of the business. Dodge & Cox increased its holdings in shares of Celanese by 13.0% in the first quarter. Dodge & Cox now owns 15,391,416 shares of the basic materials company's stock worth $873,771,000 after acquiring an additional 1,773,354 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Celanese by 134.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,566,226 shares of the basic materials company's stock worth $202,455,000 after acquiring an additional 2,044,662 shares in the last quarter. Turtle Creek Asset Management Inc. increased its holdings in shares of Celanese by 266.7% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 3,506,440 shares of the basic materials company's stock worth $242,681,000 after acquiring an additional 2,550,334 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Celanese by 35.0% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,164,150 shares of the basic materials company's stock worth $179,629,000 after buying an additional 819,489 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of Celanese by 9,132.0% during the first quarter. Federated Hermes Inc. now owns 1,801,349 shares of the basic materials company's stock worth $102,263,000 after buying an additional 1,781,837 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Timothy Go acquired 1,039 shares of Celanese stock in a transaction on Monday, September 8th. The stock was acquired at an average cost of $46.25 per share, with a total value of $48,053.75. Following the completion of the acquisition, the director owned 4,415 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.26% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CE. Robert W. Baird decreased their price objective on Celanese from $67.00 to $50.00 and set an "outperform" rating for the company in a report on Wednesday, August 13th. Zacks Research downgraded Celanese from a "hold" rating to a "strong sell" rating in a report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on Celanese and gave the stock a "buy" rating in a report on Wednesday, August 13th. Alembic Global Advisors set a $60.00 price target on Celanese in a research note on Monday, August 25th. Finally, Cfra Research upgraded Celanese to a "moderate sell" rating in a research note on Tuesday, August 12th. Six investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Celanese currently has a consensus rating of "Hold" and a consensus target price of $57.22.

Celanese Stock Up 2.0%

CE stock traded up $0.91 during trading on Wednesday, reaching $46.33. 194,611 shares of the stock were exchanged, compared to its average volume of 2,720,414. The company has a current ratio of 2.05, a quick ratio of 1.22 and a debt-to-equity ratio of 2.22. The firm's 50 day moving average is $50.16 and its 200 day moving average is $51.08. The firm has a market cap of $5.07 billion, a P/E ratio of -3.12, a price-to-earnings-growth ratio of 2.03 and a beta of 1.11. Celanese Corporation has a twelve month low of $36.29 and a twelve month high of $142.54.

Celanese (NYSE:CE - Get Free Report) last released its earnings results on Monday, August 11th. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate 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 positive return on equity of 10.48% and a negative net margin of 16.30%.Celanese's quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.38 earnings per share. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. As a group, research analysts forecast that Celanese Corporation will post 8.79 EPS for the current year.

Celanese Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Tuesday, July 29th 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 of this dividend was Tuesday, July 29th. Celanese's dividend payout ratio is -0.81%.

Celanese Company 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.