Havemeyer Place LP Invests $868,000 in Celanese Corporation $CE

Havemeyer Place LP bought a new position in shares of Celanese Corporation (NYSE:CE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,531 shares of the basic materials company’s stock, valued at approximately $868,000.

A number of other hedge funds have also modified their holdings of CE. Geneos Wealth Management Inc. grew its position in shares of Celanese by 111.1% during the second quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 270 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of Celanese during the third quarter worth approximately $34,000. Hartford Financial Management Inc. grew its position in shares of Celanese by 350.5% during the fourth quarter. Hartford Financial Management Inc. now owns 901 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 701 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Celanese by 100.0% in the second quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 331 shares during the period. Finally, Danske Bank A S acquired a new position in shares of Celanese in the third quarter valued at approximately $50,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CE has been the topic of a number of recent research reports. Bank of America boosted their target price on Celanese from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Evercore set a $63.00 target price on Celanese in a report on Wednesday, February 18th. Royal Bank Of Canada boosted their target price on Celanese from $66.00 to $68.00 and gave the company a “sector perform” rating in a report on Monday, May 11th. UBS Group boosted their target price on Celanese from $58.00 to $64.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Finally, Morgan Stanley boosted their target price on Celanese from $50.00 to $72.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.81.

Celanese Trading Down 3.9%

NYSE:CE opened at $49.06 on Tuesday. The firm has a market cap of $5.38 billion, a P/E ratio of -4.90, a PEG ratio of 0.31 and a beta of 0.74. The company has a current ratio of 1.38, a quick ratio of 0.85 and a debt-to-equity ratio of 2.41. The stock’s 50 day simple moving average is $60.23 and its 200-day simple moving average is $52.31. Celanese Corporation has a 12-month low of $35.13 and a 12-month high of $70.70.

Celanese (NYSE:CE) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.03). Celanese had a positive return on equity of 9.92% and a negative net margin of 11.54%.The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the company earned $0.57 EPS. The company’s revenue was down 2.2% on a year-over-year basis. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. Equities analysts anticipate that Celanese Corporation will post 5.8 EPS for the current year.

Celanese Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, April 27th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Monday, April 27th. Celanese’s dividend payout ratio is currently -1.20%.

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.