Renaissance Technologies LLC Lowers Stake in Celanese Corporation $CE

Renaissance Technologies LLC lessened its stake in shares of Celanese Corporation (NYSE:CE) by 93.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,500 shares of the basic materials company’s stock after selling 423,600 shares during the quarter. Renaissance Technologies LLC’s holdings in Celanese were worth $1,874,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CE. Geneos Wealth Management Inc. lifted its stake in shares of Celanese by 111.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 270 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in 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 last quarter. National Bank of Canada FI purchased a new position in Celanese in the third quarter valued at about $34,000. UMB Bank n.a. raised its holdings in Celanese by 175.7% in the fourth quarter. UMB Bank n.a. now owns 896 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 571 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Celanese in the fourth quarter worth about $41,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Celanese Price Performance

Shares of CE stock opened at $44.86 on Wednesday. Celanese Corporation has a fifty-two week low of $35.13 and a fifty-two week high of $70.70. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of -4.20, a PEG ratio of 0.29 and a beta of 0.76. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.87 and a current ratio of 1.45. The stock’s 50-day simple moving average is $47.76 and its 200-day simple moving average is $53.90.

Celanese (NYSE:CE) last announced its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $2.45 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 analyst estimates of $2.75 billion. Celanese had a negative net margin of 12.04% and a positive return on equity of 13.04%. Celanese’s 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. As a group, equities analysts forecast that Celanese Corporation will post 5.94 earnings per share for the current fiscal year.

Celanese Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 28th were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, July 28th. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Celanese’s dividend payout ratio is presently -1.12%.

Wall Street Analysts Forecast Growth

CE has been the topic of a number of recent analyst reports. Bank of America lowered their price target on shares of Celanese from $72.00 to $63.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft set a $50.00 price objective on shares of Celanese in a research note on Thursday, August 6th. BMO Capital Markets decreased their target price on shares of Celanese from $57.00 to $54.00 and set a “market perform” rating for the company in a research report on Wednesday, August 5th. Mizuho set a $50.00 target price on shares of Celanese in a research note on Wednesday, August 5th. Finally, Wall Street Zen lowered shares of Celanese from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $63.88.

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.