Quantitative Investment Management LLC Takes $1.35 Million Position in Celanese Corporation $CE

Quantitative Investment Management LLC acquired a new position in shares of Celanese Corporation (NYSE:CE) in the second quarter, Holdings Channel reports. The institutional investor acquired 29,467 shares of the basic materials company’s stock, valued at approximately $1,355,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Celanese in the second quarter valued at approximately $614,675,000. Vanguard Group Inc. raised its holdings in Celanese by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 11,840,341 shares of the basic materials company’s stock worth $500,610,000 after purchasing an additional 90,428 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Celanese by 24.0% in the 4th quarter. Capital Research Global Investors now owns 5,565,556 shares of the basic materials company’s stock worth $235,312,000 after purchasing an additional 1,076,645 shares during the period. Turtle Creek Asset Management Inc. lifted its position in shares of Celanese by 21.0% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 5,115,365 shares of the basic materials company’s stock worth $215,255,000 after purchasing an additional 887,600 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of Celanese by 15.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,094,781 shares of the basic materials company’s stock valued at $173,127,000 after purchasing an additional 558,391 shares during the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CE shares. Citigroup decreased their price objective on shares of Celanese from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Mizuho set a $50.00 price target on Celanese in a report on Wednesday, August 5th. Wall Street Zen lowered Celanese from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Celanese in a research note on Friday, August 21st. Finally, Bank of America cut 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. Nine 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $63.71.

Insiders Place Their Bets

In other news, SVP Mark Christopher Murray purchased 2,153 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of $45.52 per share, for a total transaction of $98,004.56. Following the completion of the acquisition, the senior vice president owned 30,432 shares in the company, valued at approximately $1,385,264.64. The trade was a 7.61% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.34% of the company’s stock.

Celanese Stock Up 0.9%

Shares of NYSE CE opened at $45.40 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.45 and a debt-to-equity ratio of 2.33. The firm has a market cap of $4.98 billion, a PE ratio of -4.25, a P/E/G ratio of 0.29 and a beta of 0.76. The company’s fifty day simple moving average is $45.91 and its 200 day simple moving average is $53.48. Celanese Corporation has a 12-month low of $35.13 and a 12-month high of $70.70.

Celanese (NYSE:CE) last posted its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.22. Celanese had a negative net margin of 12.04% and a positive return on equity of 13.04%. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the previous year, the firm posted $1.44 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. As a group, sell-side analysts forecast that Celanese Corporation will post 5.99 earnings per share for the current fiscal year.

Celanese Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 28th were 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 of this dividend was Tuesday, July 28th. Celanese’s payout ratio is presently -1.12%.

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.