Rhumbline Advisers Lowers Stock Holdings in Celanese Corporation $CE

Rhumbline Advisers reduced its stake in Celanese Corporation (NYSE:CE) by 2.0% during the second quarter, Holdings Channel.com reports. The fund owned 261,396 shares of the basic materials company’s stock after selling 5,366 shares during the quarter. Rhumbline Advisers’ holdings in Celanese were worth $14,463,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Celanese by 134.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,566,226 shares of the basic materials company’s stock valued at $202,455,000 after acquiring an additional 2,044,662 shares in the last quarter. Dodge & Cox increased its holdings in Celanese by 13.0% during the 1st quarter. Dodge & Cox now owns 15,391,416 shares of the basic materials company’s stock worth $873,771,000 after purchasing an additional 1,773,354 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in Celanese by 35.0% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,164,150 shares of the basic materials company’s stock valued at $179,629,000 after purchasing an additional 819,489 shares in the last quarter. Samlyn Capital LLC lifted its holdings in shares of Celanese by 379.1% in the 1st quarter. Samlyn Capital LLC now owns 1,015,938 shares of the basic materials company’s stock worth $57,675,000 after buying an additional 803,868 shares during the period. Finally, Mizuho Markets Americas LLC grew its position in shares of Celanese by 149.6% during the 2nd quarter. Mizuho Markets Americas LLC now owns 1,248,055 shares of the basic materials company’s stock worth $69,055,000 after buying an additional 747,987 shares in the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wells Fargo & Company decreased their price objective on Celanese from $57.00 to $55.00 and set an “overweight” rating for the company in a report on Monday, November 10th. Zacks Research lowered shares of Celanese from a “hold” rating to a “strong sell” rating in a report on Thursday, August 14th. Citigroup increased their price objective on shares of Celanese from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Jefferies Financial Group reduced their price objective on shares of Celanese from $47.00 to $43.00 and set a “hold” rating for the company in a research note on Monday, September 8th. Finally, KeyCorp lowered their target price on Celanese from $77.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, August 13th. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Celanese has a consensus rating of “Hold” and a consensus target price of $54.78.

Celanese Trading Up 2.9%

NYSE:CE opened at $41.65 on Friday. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of -2.81, a PEG ratio of 1.86 and a beta of 1.17. Celanese Corporation has a 52 week low of $35.13 and a 52 week high of $75.84. The company has a quick ratio of 1.22, a current ratio of 2.05 and a debt-to-equity ratio of 2.22. The firm has a 50 day moving average of $40.40 and a 200 day moving average of $48.11.

Celanese (NYSE:CE) last released its quarterly earnings results on Thursday, November 6th. The basic materials company reported $1.34 earnings per share (EPS) for the quarter, topping 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 negative net margin of 16.30% and a positive return on equity of 10.48%. The business’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.44 earnings per share. Celanese has set its Q4 2025 guidance at 0.850-1.000 EPS. As a group, sell-side analysts anticipate that Celanese Corporation will post 8.79 earnings per share for the current fiscal year.

Celanese Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Tuesday, October 28th were paid a $0.03 dividend. The ex-dividend date was Tuesday, October 28th. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Celanese’s dividend payout ratio (DPR) is -0.42%.

Insider Buying and Selling

In other Celanese news, Director Timothy Go purchased 1,039 shares of the stock in a transaction on Monday, September 8th. The stock was acquired at an average price of $46.25 per share, with a total value of $48,053.75. Following the completion of the acquisition, the director owned 4,415 shares in the company, valued at $204,193.75. The trade was a 30.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.33% of the company’s stock.

About Celanese

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.