Altfest L J & Co. Inc. Takes Position in Celanese Corporation $CE

Altfest L J & Co. Inc. acquired a new stake in shares of Celanese Corporation (NYSE:CE) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 26,836 shares of the basic materials company’s stock, valued at approximately $1,135,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Celanese by 41.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,450 shares of the basic materials company’s stock valued at $1,842,000 after purchasing an additional 9,543 shares during the period. NewEdge Advisors LLC increased its holdings in Celanese by 265.2% in the 1st quarter. NewEdge Advisors LLC now owns 5,032 shares of the basic materials company’s stock valued at $286,000 after acquiring an additional 3,654 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Celanese by 144.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,276 shares of the basic materials company’s stock valued at $71,000 after acquiring an additional 755 shares during the last quarter. Baird Financial Group Inc. increased its holdings in Celanese by 42.1% in the 2nd quarter. Baird Financial Group Inc. now owns 7,768 shares of the basic materials company’s stock valued at $430,000 after acquiring an additional 2,303 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in Celanese by 6.5% in the 2nd quarter. California Public Employees Retirement System now owns 184,980 shares of the basic materials company’s stock valued at $10,235,000 after acquiring an additional 11,347 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors.

Celanese Trading Up 1.5%

NYSE:CE opened at $63.22 on Friday. Celanese Corporation has a one year low of $35.13 and a one year high of $67.82. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.94 and a current ratio of 1.55. The firm has a market cap of $6.93 billion, a P/E ratio of -5.96, a P/E/G ratio of 0.46 and a beta of 0.85. The firm has a 50-day simple moving average of $56.82 and a 200-day simple moving average of $47.14.

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

Celanese Announces Dividend

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

Analysts Set New Price Targets

CE has been the subject of several recent research reports. Wells Fargo & Company lifted their price target on Celanese from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday. Tudor Pickering raised shares of Celanese from a “hold” rating to a “buy” rating in a research note on Monday, March 9th. Vertical Research raised shares of Celanese from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Monday, March 9th. JPMorgan Chase & Co. boosted their price objective on shares of Celanese from $40.00 to $53.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Finally, Citigroup boosted their price objective on shares of Celanese from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $63.47.

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.