Bessemer Group Inc. Sells 1,965 Shares of Celanese Corporation $CE

Bessemer Group Inc. lessened its stake in Celanese Corporation (NYSE:CE) by 29.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,711 shares of the basic materials company’s stock after selling 1,965 shares during the quarter. Bessemer Group Inc.’s holdings in Celanese were worth $261,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CE. Price T Rowe Associates Inc. MD lifted its holdings in shares of Celanese by 134.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,566,226 shares of the basic materials company’s stock valued at $202,455,000 after purchasing an additional 2,044,662 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Celanese by 9,132.0% in the first quarter. Federated Hermes Inc. now owns 1,801,349 shares of the basic materials company’s stock valued at $102,263,000 after purchasing an additional 1,781,837 shares in the last quarter. Dodge & Cox lifted its holdings in shares of Celanese by 13.0% in the first quarter. Dodge & Cox now owns 15,391,416 shares of the basic materials company’s stock valued at $873,771,000 after purchasing an additional 1,773,354 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Celanese by 35.0% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,164,150 shares of the basic materials company’s stock valued at $179,629,000 after purchasing an additional 819,489 shares in the last quarter. Finally, Samlyn Capital LLC lifted its holdings in shares of Celanese by 379.1% in the first quarter. Samlyn Capital LLC now owns 1,015,938 shares of the basic materials company’s stock valued at $57,675,000 after purchasing an additional 803,868 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Celanese Stock Performance

Shares of CE opened at $37.03 on Tuesday. The firm has a market cap of $4.05 billion, a PE ratio of -2.50, a PEG ratio of 1.86 and a beta of 1.13. The stock’s fifty day moving average price is $43.19 and its two-hundred day moving average price is $49.09. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.05 and a quick ratio of 1.22. Celanese Corporation has a 1 year low of $36.29 and a 1 year high of $126.36.

Celanese (NYSE:CE) last issued its earnings results on Monday, August 11th. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.06. The firm had revenue of $2.53 billion for 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%.The business’s revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.38 earnings per share. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. On average, equities research analysts forecast that Celanese Corporation will post 8.79 EPS for the current year.

Celanese Announces Dividend

The company 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 $0.03 dividend. The ex-dividend date is Tuesday, October 28th. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. Celanese’s payout ratio is presently -0.81%.

Insider Activity

In other news, Director Timothy Go bought 1,039 shares of the stock in a transaction on Monday, September 8th. The shares were 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 in the company, valued at $204,193.75. This represents a 30.78% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.33% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CE. BMO Capital Markets dropped their target price on Celanese from $55.00 to $47.00 and set a “market perform” rating on the stock in a report on Thursday, August 14th. Citigroup upgraded Celanese from a “neutral” rating to a “buy” rating and raised their target price for the company from $47.00 to $53.00 in a report on Thursday, October 2nd. UBS Group dropped their target price on Celanese from $49.00 to $48.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. KeyCorp dropped their price target on Celanese from $77.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, August 13th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Celanese in a report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.