Assenagon Asset Management S.A. Increases Stock Position in Celanese Corporation $CE

Assenagon Asset Management S.A. raised its stake in Celanese Corporation (NYSE:CE) by 65.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,219,929 shares of the basic materials company’s stock after acquiring an additional 482,640 shares during the period. Assenagon Asset Management S.A. owned 1.11% of Celanese worth $51,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in CE. Geneos Wealth Management Inc. lifted its holdings in shares of Celanese by 111.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 270 shares during the last quarter. HB Wealth Management LLC boosted its position in shares of Celanese by 5.1% in the 3rd quarter. HB Wealth Management LLC now owns 6,460 shares of the basic materials company’s stock valued at $272,000 after purchasing an additional 314 shares during the period. Smartleaf Asset Management LLC grew its stake in Celanese by 100.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock worth $38,000 after buying an additional 331 shares during the last quarter. Smithfield Trust Co grew its stake in Celanese by 26.0% during the 3rd quarter. Smithfield Trust Co now owns 1,668 shares of the basic materials company’s stock worth $69,000 after buying an additional 344 shares during the last quarter. Finally, American National Bank & Trust increased its position in Celanese by 61.0% during the third quarter. American National Bank & Trust now owns 1,135 shares of the basic materials company’s stock worth $48,000 after buying an additional 430 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Citigroup boosted their price objective on Celanese from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Morgan Stanley started coverage on shares of Celanese in a report on Tuesday, January 20th. They issued an “equal weight” rating and a $50.00 target price on the stock. UBS Group upped their price target on shares of Celanese from $56.00 to $58.00 and gave the company a “neutral” rating in a research report on Wednesday, March 18th. Weiss Ratings reiterated a “sell (d)” rating on shares of Celanese in a research note on Wednesday, January 21st. Finally, Robert W. Baird set a $65.00 price objective on shares of Celanese in a research report on Thursday, February 19th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $60.67.

Celanese Price Performance

Celanese stock opened at $61.08 on Wednesday. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.55 and a quick ratio of 0.94. The business has a 50 day simple moving average of $52.42 and a 200-day simple moving average of $45.46. Celanese Corporation has a 12 month low of $35.13 and a 12 month high of $63.55. The stock has a market capitalization of $6.69 billion, a PE ratio of -5.76, a price-to-earnings-growth ratio of 0.42 and a beta of 1.07.

Celanese (NYSE:CE) last posted its quarterly earnings data on Tuesday, February 17th. The basic materials company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.22). The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Celanese had a negative net margin of 12.15% and a positive return on equity of 8.75%. The business’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the business earned $1.45 earnings per share. Celanese has set its Q1 2026 guidance at 0.700-0.850 EPS. Equities analysts predict that Celanese Corporation will post 8.79 earnings per share for the current year.

Celanese Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were issued a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $0.12 annualized dividend and a dividend yield of 0.2%. Celanese’s payout ratio is presently -1.13%.

Celanese Profile

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.