Baird Financial Group Inc. Has $310,000 Stake in Celanese Corporation $CE

Baird Financial Group Inc. decreased its stake in shares of Celanese Corporation (NYSE:CE) by 75.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 5,465 shares of the basic materials company’s stock after selling 16,779 shares during the period. Baird Financial Group Inc.’s holdings in Celanese were worth $310,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CE. Bank of America Corp DE increased its holdings in shares of Celanese by 8.8% during the 4th quarter. Bank of America Corp DE now owns 597,557 shares of the basic materials company’s stock valued at $41,357,000 after acquiring an additional 48,115 shares during the last quarter. Ethic Inc. increased its holdings in shares of Celanese by 12.6% during the 4th quarter. Ethic Inc. now owns 9,858 shares of the basic materials company’s stock valued at $682,000 after acquiring an additional 1,102 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of Celanese by 3.9% during the 4th quarter. Focus Partners Wealth now owns 4,197 shares of the basic materials company’s stock valued at $291,000 after acquiring an additional 156 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Celanese by 1.8% during the 4th quarter. Janus Henderson Group PLC now owns 14,024 shares of the basic materials company’s stock valued at $971,000 after acquiring an additional 251 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Celanese in the 4th quarter valued at approximately $3,474,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Celanese Price Performance

Shares of NYSE:CE opened at $46.96 on Friday. Celanese Corporation has a 1-year low of $36.29 and a 1-year high of $142.54. The firm has a market capitalization of $5.14 billion, a PE ratio of -3.17, a PEG ratio of 2.00 and a beta of 1.11. The business’s 50 day moving average is $51.03 and its 200-day moving average is $51.23. 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 announced its quarterly earnings data on Monday, August 11th. The basic materials company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.06. Celanese had a positive return on equity of 10.48% and a negative net margin of 16.30%.The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the firm earned $2.38 EPS. Celanese’s revenue for the quarter was down 4.5% compared to the same quarter last year. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. Sell-side analysts predict that Celanese Corporation will post 8.79 earnings per share for the current year.

Celanese Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Tuesday, July 29th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, July 29th. Celanese’s dividend payout ratio (DPR) is presently -0.81%.

Analyst Upgrades and Downgrades

Several research analysts have commented on CE shares. Alembic Global Advisors set a $60.00 price target on Celanese in a research report on Monday, August 25th. Royal Bank Of Canada dropped their price target on Celanese from $63.00 to $45.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 14th. BMO Capital Markets dropped their price target on Celanese from $55.00 to $47.00 and set a “market perform” rating on the stock in a research report on Thursday, August 14th. Wells Fargo & Company dropped their price target on Celanese from $72.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 13th. Finally, Jefferies Financial Group dropped 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. Six equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Celanese has a consensus rating of “Hold” and an average target price of $57.22.

Insider Buying and Selling at Celanese

In other news, Director Timothy Go acquired 1,039 shares of the firm’s stock in a transaction dated Monday, September 8th. The shares were bought at an average price of $46.25 per share, with a total value of $48,053.75. Following the acquisition, the director owned 4,415 shares of the company’s stock, valued at $204,193.75. This trade represents a 30.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.33% of the company’s stock.

Celanese Company 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.