Vanguard Group Inc. Sells 35,476 Shares of Celanese Corporation $CE

Vanguard Group Inc. cut its stake in shares of Celanese Corporation (NYSE:CE) by 0.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,749,913 shares of the basic materials company’s stock after selling 35,476 shares during the quarter. Vanguard Group Inc. owned approximately 0.11% of Celanese worth $494,436,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Federated Hermes Inc. grew its stake in Celanese by 182.1% during the second quarter. Federated Hermes Inc. now owns 5,081,458 shares of the basic materials company’s stock worth $281,157,000 after buying an additional 3,280,109 shares during the last quarter. Norges Bank bought a new stake in Celanese during the 2nd quarter worth approximately $114,934,000. Bank of America Corp DE increased its holdings in Celanese by 103.7% during the 2nd quarter. Bank of America Corp DE now owns 1,645,689 shares of the basic materials company’s stock valued at $91,056,000 after purchasing an additional 837,944 shares in the last quarter. Marshall Wace LLP raised its position in Celanese by 706.8% in the 2nd quarter. Marshall Wace LLP now owns 819,833 shares of the basic materials company’s stock valued at $45,361,000 after purchasing an additional 718,218 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Celanese by 437.9% in the third quarter. Assenagon Asset Management S.A. now owns 737,289 shares of the basic materials company’s stock worth $31,025,000 after purchasing an additional 600,229 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Chuck Kyrish bought 5,000 shares of Celanese stock in a transaction on Tuesday, December 9th. The shares were purchased at an average price of $41.03 per share, for a total transaction of $205,150.00. Following the completion of the acquisition, the chief financial officer owned 10,914 shares in the company, valued at approximately $447,801.42. This represents a 84.55% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CE. Robert W. Baird set a $65.00 target price on Celanese in a research note on Thursday, February 19th. JPMorgan Chase & Co. increased their price objective on shares of Celanese from $40.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Tudor Pickering raised shares of Celanese from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. UBS Group upped their target price on shares of Celanese from $50.00 to $56.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Finally, Mizuho raised their price target on shares of Celanese from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Celanese currently has an average rating of “Hold” and a consensus price target of $59.72.

Celanese Stock Down 5.8%

Shares of NYSE CE opened at $50.01 on Thursday. Celanese Corporation has a 1 year low of $35.13 and a 1 year high of $63.55. The firm’s 50-day moving average is $48.11 and its 200-day moving average is $44.27. The company has a current ratio of 1.55, a quick ratio of 0.94 and a debt-to-equity ratio of 2.55. The firm has a market capitalization of $5.48 billion, a PE ratio of -4.72, a price-to-earnings-growth ratio of 0.37 and a beta of 1.12.

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

Celanese Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.2%. Celanese’s payout ratio is -1.13%.

About Celanese

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.