Celanese Corporation $CE Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in shares of Celanese Corporation (NYSE:CE) by 52.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 137,060 shares of the basic materials company’s stock after purchasing an additional 47,378 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.13% of Celanese worth $7,584,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new stake in shares of Celanese in the 1st quarter valued at about $292,000. Teacher Retirement System of Texas purchased a new stake in Celanese in the first quarter valued at approximately $907,000. Mather Group LLC. boosted its holdings in shares of Celanese by 127.0% in the first quarter. Mather Group LLC. now owns 622 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 348 shares during the period. Amalgamated Bank grew its position in shares of Celanese by 55.1% during the first quarter. Amalgamated Bank now owns 33,508 shares of the basic materials company’s stock worth $1,902,000 after acquiring an additional 11,905 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Celanese by 20.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,225 shares of the basic materials company’s stock valued at $2,397,000 after acquiring an additional 7,275 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Timothy Go acquired 1,039 shares of Celanese stock in a transaction that occurred on Monday, September 8th. The stock was purchased at an average cost 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. This trade represents a 30.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.26% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on CE shares. Jefferies Financial Group decreased their price target 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. JPMorgan Chase & Co. reduced their target price on shares of Celanese from $47.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, August 14th. Mizuho raised their price target on Celanese from $50.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. BMO Capital Markets reduced their price objective on Celanese from $55.00 to $47.00 and set a “market perform” rating for the company in a research note on Thursday, August 14th. Finally, Bank of America lowered their target price on Celanese from $65.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, August 13th. Six research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $57.22.

Celanese Price Performance

Celanese stock opened at $42.59 on Wednesday. The company has a market cap of $4.66 billion, a P/E ratio of -2.87, a price-to-earnings-growth ratio of 1.98 and a beta of 1.11. Celanese Corporation has a one year low of $36.29 and a one year high of $142.54. The business has a fifty day moving average of $48.57 and a two-hundred day moving average of $50.81. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.22 and a current ratio of 2.05.

Celanese (NYSE:CE) last announced its quarterly earnings results on Monday, August 11th. The basic materials company reported $1.44 earnings per share (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 the consensus estimate of $2.50 billion. Celanese had a negative net margin of 16.30% and a positive return on equity of 10.48%. The business’s revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.38 EPS. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. As a group, analysts predict that Celanese Corporation will post 8.79 earnings per share for the current fiscal year.

Celanese Announces Dividend

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

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.