Legal & General Group Plc Invests $12.79 Million in Celanese Corporation $CE

Legal & General Group Plc purchased a new stake in Celanese Corporation (NYSE:CE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 278,074 shares of the basic materials company’s stock, valued at approximately $12,791,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Celanese by 41.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,450 shares of the basic materials company’s stock worth $1,842,000 after buying an additional 9,543 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of 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 boosted its holdings in shares of Celanese by 144.9% during 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 in the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Celanese by 42.1% during 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 in the last quarter. Finally, California Public Employees Retirement System grew its position in Celanese by 6.5% during the 2nd quarter. California Public Employees Retirement System now owns 184,980 shares of the basic materials company’s stock worth $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 and hedge funds.

Insider Activity at Celanese

In other Celanese news, SVP Mark Christopher Murray bought 2,153 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average price of $45.52 per share, for a total transaction of $98,004.56. Following the transaction, the senior vice president directly owned 30,432 shares in the company, valued at approximately $1,385,264.64. This trade represents a 7.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is currently owned by insiders.

Celanese Trading Up 0.9%

CE opened at $45.40 on Tuesday. Celanese Corporation has a twelve month low of $35.13 and a twelve month high of $70.70. The company has a quick ratio of 0.87, a current ratio of 1.45 and a debt-to-equity ratio of 2.33. The company has a fifty day moving average of $45.91 and a 200-day moving average of $53.48. The stock has a market cap of $4.98 billion, a PE ratio of -4.25, a price-to-earnings-growth ratio of 0.29 and a beta of 0.76.

Celanese (NYSE:CE) last released its earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.22. The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.75 billion. Celanese had a negative net margin of 12.04% and a positive return on equity of 13.04%. Celanese’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 earnings per share. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. On average, sell-side analysts predict that Celanese Corporation will post 5.99 EPS for the current year.

Celanese Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 28th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, July 28th. Celanese’s payout ratio is currently -1.12%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Citigroup dropped their target price on Celanese from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft set a $50.00 price objective on Celanese in a research note on Thursday, August 6th. BMO Capital Markets dropped their price objective on shares of Celanese from $57.00 to $54.00 and set a “market perform” rating for the company in a report on Wednesday, August 5th. JPMorgan Chase & Co. lifted their target price on shares of Celanese from $53.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, Bank of America decreased their price target on shares of Celanese from $72.00 to $63.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Nine research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Celanese presently has a consensus rating of “Hold” and an average target price of $63.71.

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.