Federated Hermes Inc. Decreases Stock Position in Celanese Corporation $CE

Federated Hermes Inc. reduced its stake in Celanese Corporation (NYSE:CE) by 9.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,596,129 shares of the basic materials company’s stock after selling 485,329 shares during the quarter. Federated Hermes Inc.’s holdings in Celanese were worth $193,405,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Celanese by 3.2% in the 2nd quarter. State Street Corp now owns 3,828,747 shares of the basic materials company’s stock valued at $211,845,000 after acquiring an additional 120,208 shares during the last quarter. Norges Bank purchased a new position in shares of Celanese in the 2nd quarter valued at about $114,934,000. Geode Capital Management LLC increased its position in shares of Celanese by 0.7% in the second quarter. Geode Capital Management LLC now owns 1,866,515 shares of the basic materials company’s stock valued at $103,301,000 after buying an additional 13,042 shares in the last quarter. Bank of America Corp DE raised its position in Celanese by 103.7% during the second quarter. Bank of America Corp DE now owns 1,645,689 shares of the basic materials company’s stock worth $91,056,000 after acquiring an additional 837,944 shares during the period. Finally, Brandywine Global Investment Management LLC raised its position in shares of Celanese by 2.6% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 1,298,819 shares of the basic materials company’s stock worth $71,864,000 after purchasing an additional 32,924 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Chuck Kyrish purchased 5,000 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was acquired at an average cost of $41.03 per share, for a total transaction of $205,150.00. Following the completion of the transaction, the chief financial officer directly owned 10,914 shares in the company, valued at approximately $447,801.42. The trade was a 84.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CE has been the subject of several recent research reports. Evercore ISI reduced their price objective on Celanese from $75.00 to $45.00 and set an “in-line” rating for the company in a research note on Tuesday, November 11th. Royal Bank Of Canada boosted their target price on Celanese from $43.00 to $48.00 and gave the stock a “sector perform” rating in a report on Friday, January 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Celanese in a report on Wednesday, January 21st. Wells Fargo & Company reissued an “equal weight” rating and set a $45.00 price objective (down previously from $55.00) on shares of Celanese in a research note on Friday, December 19th. Finally, Zacks Research cut Celanese from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Six equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $53.06.

Celanese Trading Down 1.5%

Shares of Celanese stock opened at $46.82 on Wednesday. The stock has a 50 day moving average of $42.83 and a 200 day moving average of $44.44. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.04 and a current ratio of 1.63. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of -1.66 and a beta of 1.12. Celanese Corporation has a fifty-two week low of $35.13 and a fifty-two week high of $75.30.

Celanese (NYSE:CE) last announced its quarterly earnings results on Thursday, November 6th. The basic materials company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.27 by $0.07. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.51 billion. Celanese had a positive return on equity of 9.87% and a negative net margin of 31.85%.The company’s quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.44 EPS. Celanese has set its Q4 2025 guidance at 0.850-1.000 EPS. As a group, research analysts predict that Celanese Corporation will post 8.79 earnings per share for the current year.

Celanese Company Profile

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.