Allspring Global Investments Holdings LLC Purchases New Holdings in Celanese Corporation $CE

Allspring Global Investments Holdings LLC purchased a new stake in Celanese Corporation (NYSE:CE) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 47,940 shares of the basic materials company’s stock, valued at approximately $2,030,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CE. Federated Hermes Inc. boosted its holdings in shares of Celanese by 182.1% in the 2nd quarter. Federated Hermes Inc. now owns 5,081,458 shares of the basic materials company’s stock valued at $281,157,000 after buying an additional 3,280,109 shares during the last quarter. State Street Corp raised its position in Celanese by 3.2% during the second quarter. State Street Corp now owns 3,828,747 shares of the basic materials company’s stock worth $211,845,000 after acquiring an additional 120,208 shares in the last quarter. Norges Bank bought a new stake in Celanese during the second quarter worth $114,934,000. Geode Capital Management LLC lifted its stake in Celanese by 0.7% in the second quarter. Geode Capital Management LLC now owns 1,866,515 shares of the basic materials company’s stock valued at $103,301,000 after acquiring an additional 13,042 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Celanese by 103.7% in the 2nd quarter. Bank of America Corp DE now owns 1,645,689 shares of the basic materials company’s stock valued at $91,056,000 after acquiring an additional 837,944 shares during the period. Institutional investors own 98.87% of the company’s stock.

Celanese Price Performance

Celanese stock opened at $44.02 on Friday. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of -1.56 and a beta of 1.12. The company has a current ratio of 1.63, a quick ratio of 1.04 and a debt-to-equity ratio of 2.66. Celanese Corporation has a 12 month low of $35.13 and a 12 month high of $75.84. The stock’s 50 day moving average is $40.71 and its 200-day moving average is $45.70.

Celanese (NYSE:CE) last released its quarterly earnings results on Thursday, November 6th. The basic materials company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.07. Celanese had a positive return on equity of 9.87% and a negative net margin of 31.85%.The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the previous year, the company posted $2.44 EPS. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. Celanese has set its Q4 2025 guidance at 0.850-1.000 EPS. Equities research analysts expect that Celanese Corporation will post 8.79 EPS for the current year.

Celanese Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Tuesday, October 28th were paid a $0.03 dividend. The ex-dividend date was Tuesday, October 28th. This represents a $0.12 annualized dividend and a yield of 0.3%. Celanese’s payout ratio is -0.42%.

Wall Street Analyst Weigh In

CE has been the topic of a number of research analyst reports. Citigroup dropped their target price on shares of Celanese from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, December 18th. Evercore ISI lowered their price target on Celanese from $75.00 to $45.00 and set an “in-line” rating on the stock in a research report on Tuesday, November 11th. Bank of America dropped their price objective on Celanese from $59.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $45.00 price objective (down from $55.00) on shares of Celanese in a research report on Friday, December 19th. Finally, Tudor Pickering raised Celanese from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Six analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $54.00.

Insider Transactions at Celanese

In other Celanese news, CFO Chuck Kyrish acquired 5,000 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was purchased at an average price of $41.03 per share, with a total value of $205,150.00. Following the acquisition, the chief financial officer directly owned 10,914 shares of the company’s stock, valued at approximately $447,801.42. This trade represents a 84.55% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.33% of the stock is owned by corporate insiders.

About Celanese

Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.

In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.