Swedbank AB Has $697,000 Position in Celanese Corporation $CE

Swedbank AB lowered its position in Celanese Corporation (NYSE:CE) by 20.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,273 shares of the basic materials company’s stock after selling 3,088 shares during the period. Swedbank AB’s holdings in Celanese were worth $697,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CE. Price T Rowe Associates Inc. MD boosted its position in 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 worth $202,455,000 after purchasing an additional 2,044,662 shares during the period. Federated Hermes Inc. boosted its position in Celanese by 9,132.0% during the first quarter. Federated Hermes Inc. now owns 1,801,349 shares of the basic materials company’s stock worth $102,263,000 after purchasing an additional 1,781,837 shares during the period. Dodge & Cox boosted its position in Celanese by 13.0% during the first 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. Voloridge Investment Management LLC bought a new stake in Celanese during the fourth quarter worth approximately $59,572,000. Finally, Fuller & Thaler Asset Management Inc. boosted its position in Celanese by 35.0% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,164,150 shares of the basic materials company’s stock worth $179,629,000 after purchasing an additional 819,489 shares during the period. Institutional investors own 98.87% of the company’s stock.

Celanese Stock Performance

Shares of NYSE CE opened at $45.45 on Wednesday. The business has a fifty day simple moving average of $50.16 and a 200 day simple moving average of $51.08. The company has a current ratio of 2.05, a quick ratio of 1.22 and a debt-to-equity ratio of 2.22. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of -3.07, a PEG ratio of 2.03 and a beta of 1.11. Celanese Corporation has a one year low of $36.29 and a one year high of $142.54.

Celanese (NYSE:CE) last issued its earnings results on Monday, August 11th. The basic materials company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.06. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Celanese had a positive return on equity of 10.48% and a negative net margin of 16.30%.Celanese’s revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.38 earnings per share. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. Sell-side analysts expect that Celanese Corporation will post 8.79 EPS for the current year.

Celanese Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Tuesday, July 29th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Tuesday, July 29th. Celanese’s dividend payout ratio is presently -0.81%.

Insider Activity at Celanese

In related news, Director Timothy Go acquired 1,039 shares of the company’s stock in a transaction on Monday, September 8th. The stock was purchased at an average cost of $46.25 per share, for a total transaction of $48,053.75. Following the completion of the purchase, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

CE has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their target price on Celanese from $72.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, August 13th. Jefferies Financial Group decreased their target price on Celanese from $47.00 to $43.00 and set a “hold” rating for the company in a research report on Monday, September 8th. Royal Bank Of Canada decreased their target price on Celanese from $63.00 to $45.00 and set a “sector perform” rating for the company in a research report on Thursday, August 14th. Robert W. Baird cut their price target on Celanese from $67.00 to $50.00 and set an “outperform” rating for the company in a report on Wednesday, August 13th. Finally, KeyCorp cut their price target on Celanese from $77.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, August 13th. Six analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $57.22.

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.