State of New Jersey Common Pension Fund D Has $2.10 Million Stake in Celanese Corporation $CE

State of New Jersey Common Pension Fund D trimmed its holdings in Celanese Corporation (NYSE:CE) by 8.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,997 shares of the basic materials company’s stock after selling 3,509 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Celanese were worth $2,102,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new stake in shares of Celanese in the first quarter valued at approximately $292,000. Teacher Retirement System of Texas acquired a new stake in shares of Celanese in the first quarter valued at approximately $907,000. Mather Group LLC. raised its position 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 buying an additional 348 shares in the last quarter. Amalgamated Bank raised its position in shares of Celanese by 55.1% in the first quarter. Amalgamated Bank now owns 33,508 shares of the basic materials company’s stock valued at $1,902,000 after buying an additional 11,905 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new stake in shares of Celanese in the second quarter valued at approximately $340,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Celanese Stock Performance

NYSE CE opened at $40.03 on Thursday. The firm’s fifty day moving average price is $43.72 and its two-hundred day moving average price is $49.03. The stock has a market cap of $4.38 billion, a PE ratio of -2.70, a PEG ratio of 1.90 and a beta of 1.13. Celanese Corporation has a fifty-two week low of $36.29 and a fifty-two week high of $129.07. 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 posted its earnings results on Monday, August 11th. The basic materials company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.06. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Celanese had a negative net margin of 16.30% and a positive return on equity of 10.48%. The company’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.38 earnings per share. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. On average, equities analysts expect that Celanese Corporation will post 8.79 EPS for the current fiscal year.

Celanese Dividend Announcement

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

Insider Buying and Selling at Celanese

In related news, Director Timothy Go bought 1,039 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were purchased at an average price of $46.25 per share, with a total value of $48,053.75. Following the completion of the purchase, the director owned 4,415 shares in the company, valued at $204,193.75. This represents a 30.78% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on CE shares. Citigroup upgraded shares of Celanese from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $47.00 to $53.00 in a research report on Thursday, October 2nd. KeyCorp lowered their price objective on shares of Celanese from $77.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, August 13th. UBS Group lowered their price objective on shares of Celanese from $49.00 to $48.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Royal Bank Of Canada set a $43.00 price objective on shares of Celanese in a research report on Tuesday, October 14th. Finally, Bank of America lowered their price objective on shares of Celanese from $59.00 to $57.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $56.11.

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.