Ethic Inc. Sells 4,697 Shares of Celanese Corporation $CE

Ethic Inc. lessened its stake in shares of Celanese Corporation (NYSE:CE) by 33.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,142 shares of the basic materials company’s stock after selling 4,697 shares during the quarter. Ethic Inc.’s holdings in Celanese were worth $519,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dodge & Cox grew its holdings in shares of 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 last quarter. Price T Rowe Associates Inc. MD grew its holdings 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 worth $202,455,000 after purchasing an additional 2,044,662 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of 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 last quarter. Federated Hermes Inc. grew its holdings in shares of 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 last quarter. Finally, Brandywine Global Investment Management LLC grew its holdings in shares of Celanese by 32.7% during the first quarter. Brandywine Global Investment Management LLC now owns 1,265,895 shares of the basic materials company’s stock worth $71,865,000 after purchasing an additional 312,093 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

Celanese Price Performance

Shares of NYSE CE opened at $41.23 on Wednesday. The business’s 50 day moving average price is $43.83 and its two-hundred day moving average price is $49.02. The company has a market cap of $4.52 billion, a PE ratio of -2.78, a price-to-earnings-growth ratio of 2.02 and a beta of 1.13. The company has a quick ratio of 1.22, a current ratio of 2.05 and a debt-to-equity ratio of 2.22. Celanese Corporation has a twelve month low of $36.29 and a twelve month high of $129.07.

Celanese (NYSE:CE) last posted its earnings results on Monday, August 11th. The basic materials company reported $1.44 EPS for the quarter, beating 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 the consensus estimate of $2.50 billion. During the same quarter in the prior year, the business earned $2.38 earnings per share. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. On average, analysts predict that Celanese Corporation will post 8.79 EPS for the current year.

Celanese Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Tuesday, October 28th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, October 28th. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Celanese’s dividend payout ratio is currently -0.81%.

Insider Transactions at Celanese

In related news, Director Timothy Go purchased 1,039 shares of Celanese stock in a transaction that occurred on Monday, September 8th. The shares were acquired at an average price of $46.25 per share, with a total value of $48,053.75. Following the completion of the transaction, the director directly owned 4,415 shares of the company’s stock, valued at $204,193.75. This represents a 30.78% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CE. Wells Fargo & Company lowered their target price on Celanese from $60.00 to $57.00 and set an “overweight” rating for the company in a research note on Tuesday, September 30th. Bank of America lowered their target price on Celanese from $59.00 to $57.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. KeyCorp lowered their target price on Celanese from $77.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, August 13th. UBS Group lowered their target price on Celanese from $49.00 to $48.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Finally, Zacks Research cut Celanese from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 14th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $56.11.

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.