Celanese Corporation $CE Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System raised its holdings in Celanese Corporation (NYSE:CE) by 21.7% in the 1st quarter, HoldingsChannel reports. The fund owned 126,363 shares of the basic materials company’s stock after acquiring an additional 22,537 shares during the period. California State Teachers Retirement System’s holdings in Celanese were worth $8,311,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CE. Childress Capital Advisors LLC raised its position in shares of Celanese by 3.6% in the 1st quarter. Childress Capital Advisors LLC now owns 5,587 shares of the basic materials company’s stock worth $367,000 after buying an additional 192 shares during the period. AdvisorNet Financial Inc lifted its position in shares of Celanese by 14.5% during the first quarter. AdvisorNet Financial Inc now owns 1,815 shares of the basic materials company’s stock worth $119,000 after purchasing an additional 230 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its position in Celanese by 20.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,399 shares of the basic materials company’s stock valued at $59,000 after buying an additional 240 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Celanese by 7.1% during the 1st quarter. Bessemer Group Inc. now owns 3,970 shares of the basic materials company’s stock valued at $262,000 after buying an additional 262 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Celanese by 8.9% in the fourth quarter. Blue Trust Inc. now owns 3,244 shares of the basic materials company’s stock worth $137,000 after buying an additional 265 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Celanese Price Performance

NYSE:CE opened at $45.41 on Wednesday. The company has a fifty day moving average price of $48.75 and a 200 day moving average price of $54.00. 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 stock has a market cap of $4.98 billion, a P/E ratio of -4.54, a PEG ratio of 0.27 and a beta of 0.76. Celanese Corporation has a one year low of $35.13 and a one year high of $70.70.

Celanese (NYSE:CE) last announced its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.22. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.75 billion. Celanese had a negative net margin of 11.54% and a positive return on equity of 9.92%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the firm posted $1.44 EPS. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. Analysts anticipate that Celanese Corporation will post 6.01 earnings per share for the current year.

Celanese Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 28th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Tuesday, July 28th. Celanese’s dividend payout ratio (DPR) is presently -1.20%.

Analyst Ratings Changes

A number of equities analysts have commented on CE shares. Royal Bank Of Canada lifted their price objective on shares of Celanese from $66.00 to $68.00 and gave the stock a “sector perform” rating in a report on Monday, May 11th. BMO Capital Markets lowered their target price on shares of Celanese from $80.00 to $57.00 and set a “market perform” rating on the stock in a research note on Monday, July 6th. Bank of America dropped their price objective on Celanese from $72.00 to $63.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. JPMorgan Chase & Co. raised their target price on shares of Celanese from $53.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Finally, Citigroup decreased their price objective on Celanese from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Ten equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $65.94.

Celanese 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.