Integrated Advisors Network LLC Takes Position in Celanese Corporation $CE

Integrated Advisors Network LLC bought a new stake in shares of Celanese Corporation (NYSE:CEFree Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 50,491 shares of the basic materials company’s stock, valued at approximately $3,321,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in Celanese by 1,539.8% in the 4th quarter. Royal Bank of Canada now owns 2,133,216 shares of the basic materials company’s stock worth $90,192,000 after acquiring an additional 2,003,127 shares in the last quarter. Capital Research Global Investors lifted its holdings in Celanese by 24.0% during the fourth quarter. Capital Research Global Investors now owns 5,565,556 shares of the basic materials company’s stock valued at $235,312,000 after purchasing an additional 1,076,645 shares in the last quarter. Turtle Creek Asset Management Inc. lifted its holdings in Celanese by 21.0% during the third quarter. Turtle Creek Asset Management Inc. now owns 5,115,365 shares of the basic materials company’s stock valued at $215,255,000 after purchasing an additional 887,600 shares in the last quarter. Bank of America Corp DE grew its position in shares of Celanese by 103.7% in the second 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 during the period. Finally, Holocene Advisors LP increased its stake in shares of Celanese by 872.6% during the third quarter. Holocene Advisors LP now owns 693,796 shares of the basic materials company’s stock worth $29,195,000 after purchasing an additional 622,460 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CE. Citigroup decreased their price target on shares of Celanese from $80.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. UBS Group boosted their price objective on Celanese from $58.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Bank of America decreased their target price on Celanese from $72.00 to $63.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Royal Bank Of Canada lifted their price target on Celanese from $66.00 to $68.00 and gave the stock a “sector perform” rating in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. boosted their price target on Celanese from $53.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Celanese presently has an average rating of “Moderate Buy” and an average target price of $66.31.

View Our Latest Analysis on CE

Celanese Price Performance

CE stock opened at $48.88 on Wednesday. Celanese Corporation has a 1 year low of $35.13 and a 1 year high of $70.70. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.38 and a quick ratio of 0.85. The firm has a market capitalization of $5.36 billion, a PE ratio of -4.88, a price-to-earnings-growth ratio of 0.27 and a beta of 0.76. The business has a 50 day simple moving average of $53.89 and a 200-day simple moving average of $53.63.

Celanese (NYSE:CEGet Free Report) last released 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). The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. Celanese had a positive return on equity of 9.92% and a negative net margin of 11.54%.The business’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period last year, the firm posted $0.57 EPS. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. Equities research analysts anticipate that Celanese Corporation will post 5.94 earnings per share for the current fiscal year.

Celanese Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, April 27th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, April 27th. This represents a $0.12 annualized dividend and a dividend yield of 0.2%. Celanese’s payout ratio is presently -1.20%.

Celanese Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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