Voya Investment Management LLC Sells 9,269 Shares of Celanese Corporation $CE

Key Points

• Voya Investment Management LLC reduced its stake in Celanese Corporation by **23%**, selling **9,269 shares**, and now holds **31,015 shares** valued at **$1.76 million**.
• Celanese reported a quarterly earnings per share of **$1.44**, surpassing analysts' estimates, with a total revenue of **$2.53 billion** despite a **4.5%** decline from last year.
• Institutional investors currently own **98.87%** of Celanese, with several firms such as Price T Rowe Associates and Federated Hermes significantly increasing their stakes in the company.

Voya Investment Management LLC cut its stake in shares of Celanese Corporation (NYSE:CE - Free Report) by 23.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,015 shares of the basic materials company's stock after selling 9,269 shares during the quarter. Voya Investment Management LLC's holdings in Celanese were worth $1,761,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Strengthening Families & Communities LLC boosted its stake in shares of Celanese by 73.2% during the 1st quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company's stock worth $25,000 after acquiring an additional 186 shares in the last quarter. State of Wyoming boosted its stake in shares of Celanese by 122.5% during the 4th quarter. State of Wyoming now owns 485 shares of the basic materials company's stock worth $34,000 after acquiring an additional 267 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Celanese in the first quarter worth $30,000. Mather Group LLC. boosted its position in shares of 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 buying an additional 348 shares during the period. Finally, American National Bank & Trust acquired a new stake in shares of Celanese in the first quarter worth $40,000. 98.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on CE. Cfra Research raised Celanese to a "moderate sell" rating in a research report on Tuesday, August 12th. Wells Fargo & Company cut their price objective on Celanese from $72.00 to $60.00 and set an "overweight" rating for the company in a report on Wednesday, August 13th. Robert W. Baird cut 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. UBS Group cut their price objective on Celanese from $66.00 to $49.00 and set a "neutral" rating for the company in a report on Tuesday, August 12th. Finally, Jefferies Financial Group cut their price objective on Celanese from $47.00 to $43.00 and set a "hold" rating for the company in a report on Monday, September 8th. Six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $57.22.

Celanese Stock Down 1.4%

Shares of Celanese stock traded down $0.60 during trading on Monday, reaching $43.65. The stock had a trading volume of 3,055,355 shares, compared to its average volume of 1,802,558. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of -2.95, a P/E/G ratio of 2.00 and a beta of 1.11. The stock has a fifty day moving average price of $48.87 and a two-hundred day moving average price of $50.87. Celanese Corporation has a 52 week low of $36.29 and a 52 week high of $142.54. The company has a current ratio of 2.05, a quick ratio of 1.22 and a debt-to-equity ratio of 2.22.

Celanese (NYSE:CE - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The basic materials company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.06. The company had revenue of $2.53 billion for 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%.The company's quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.38 earnings per share. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. Sell-side analysts predict that Celanese Corporation will post 8.79 EPS for the current fiscal year.

Celanese Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Tuesday, July 29th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Tuesday, July 29th. Celanese's dividend payout ratio is currently -0.81%.

Insider Activity at Celanese

In other news, Director Timothy Go bought 1,039 shares of the business's stock in a transaction that occurred on Monday, September 8th. The stock was acquired at an average cost of $46.25 per share, for a total transaction of $48,053.75. Following the purchase, the director owned 4,415 shares of the company's stock, valued at approximately $204,193.75. This trade represents a 30.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.26% of the stock is currently owned by corporate insiders.

About Celanese

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.