Assetmark Inc. Acquires 1,361 Shares of Celanese Corporation $CE

Assetmark Inc. boosted its holdings in Celanese Corporation (NYSE:CE) by 805.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,530 shares of the basic materials company’s stock after purchasing an additional 1,361 shares during the period. Assetmark Inc.’s holdings in Celanese were worth $85,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Strengthening Families & Communities LLC increased its holdings in shares of Celanese by 73.2% during the 1st quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 186 shares during the period. Blue Trust Inc. lifted its position in Celanese by 7.0% in the second quarter. Blue Trust Inc. now owns 3,089 shares of the basic materials company’s stock worth $171,000 after purchasing an additional 201 shares during the period. Sage Rhino Capital LLC boosted its stake in Celanese by 4.5% during the second quarter. Sage Rhino Capital LLC now owns 5,058 shares of the basic materials company’s stock worth $280,000 after buying an additional 220 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in Celanese by 0.7% during the second quarter. Maryland State Retirement & Pension System now owns 37,252 shares of the basic materials company’s stock worth $2,061,000 after buying an additional 245 shares in the last quarter. Finally, Harbour Investments Inc. boosted its position in shares of Celanese by 27.9% during the 2nd quarter. Harbour Investments Inc. now owns 1,165 shares of the basic materials company’s stock valued at $64,000 after acquiring an additional 254 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Insider Activity at Celanese

In related news, Director Timothy Go acquired 1,039 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were acquired at an average cost of $46.25 per share, with a total value of $48,053.75. Following the transaction, the director owned 4,415 shares of the company’s stock, valued at $204,193.75. The trade was a 30.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.33% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on CE. Robert W. Baird lowered their price objective on Celanese from $67.00 to $50.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 13th. Jefferies Financial Group decreased their price target on Celanese from $47.00 to $43.00 and set a “hold” rating on the stock in a research report on Monday, September 8th. Deutsche Bank Aktiengesellschaft set a $52.00 target price on Celanese and gave the company a “buy” rating in a research note on Wednesday, August 13th. Citigroup upgraded shares of Celanese from a “neutral” rating to a “buy” rating and raised their price objective for the company from $47.00 to $53.00 in a research report on Thursday, October 2nd. Finally, Zacks Research lowered shares of Celanese from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 14th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Celanese presently has an average rating of “Hold” and a consensus target price of $56.11.

Celanese Price Performance

Shares of CE opened at $41.39 on Monday. The stock’s 50-day moving average price is $42.45 and its two-hundred day moving average price is $49.01. Celanese Corporation has a 1 year low of $35.48 and a 1 year high of $89.24. The stock has a market cap of $4.53 billion, a P/E ratio of -2.79, a price-to-earnings-growth ratio of 1.86 and a beta of 1.17. The company has a current ratio of 2.05, a quick ratio of 1.22 and a debt-to-equity ratio of 2.22.

Celanese (NYSE:CE) last released its quarterly earnings data on Thursday, November 6th. The basic materials company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Celanese had a negative net margin of 16.30% and a positive return on equity of 10.48%. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.44 EPS. Celanese has set its Q4 2025 guidance at 0.850-1.000 EPS. On average, equities analysts predict that Celanese Corporation will post 8.79 earnings per share for the current year.

Celanese Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Tuesday, October 28th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, October 28th. Celanese’s dividend payout ratio is presently -0.42%.

Celanese Profile

Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics.