Celanese Corporation $CE Shares Sold by KBC Group NV

KBC Group NV lessened its holdings in shares of Celanese Corporation (NYSE:CE) by 98.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,772 shares of the basic materials company’s stock after selling 267,977 shares during the quarter. KBC Group NV’s holdings in Celanese were worth $209,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. SBI Securities Co. Ltd. increased its holdings in Celanese by 55.4% in the second quarter. SBI Securities Co. Ltd. now owns 623 shares of the basic materials company’s stock valued at $34,000 after buying an additional 222 shares during the last quarter. Allworth Financial LP grew its stake in Celanese by 83.5% during the 2nd quarter. Allworth Financial LP now owns 1,037 shares of the basic materials company’s stock worth $57,000 after buying an additional 472 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Celanese in the 2nd quarter worth about $1,119,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Celanese by 139.9% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 865,302 shares of the basic materials company’s stock valued at $47,877,000 after purchasing an additional 504,619 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in Celanese in the 2nd quarter valued at approximately $460,000. Institutional investors own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on CE shares. Bank of America lowered their target price on shares of Celanese from $59.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Cfra Research raised Celanese to a “moderate sell” rating in a research report on Tuesday, August 12th. Alembic Global Advisors set a $60.00 price objective on shares of Celanese in a research note on Monday, August 25th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on Celanese and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Finally, BMO Capital Markets decreased their target price on shares of Celanese from $55.00 to $47.00 and set a “market perform” rating for the company in a research note on Thursday, August 14th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $54.78.

Insider Transactions at Celanese

In other news, Director Timothy Go purchased 1,039 shares of the business’s stock in a transaction on Monday, September 8th. The stock was purchased at an average price of $46.25 per share, with a total value of $48,053.75. Following the acquisition, the director directly owned 4,415 shares in the company, valued at approximately $204,193.75. The trade was a 30.78% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.33% of the stock is owned by corporate insiders.

Celanese Stock Performance

NYSE:CE opened at $36.30 on Wednesday. The firm has a market capitalization of $3.97 billion, a PE ratio of -2.45, a PEG ratio of 1.86 and a beta of 1.17. The firm’s fifty day simple moving average is $41.43 and its 200 day simple moving average is $48.75. Celanese Corporation has a 1 year low of $35.13 and a 1 year high of $77.43. The company has a current ratio of 2.05, a quick ratio of 1.22 and a debt-to-equity ratio of 2.22.

Celanese (NYSE:CE) last posted its quarterly earnings data on Thursday, November 6th. The basic materials company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.07. The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Celanese had a positive return on equity of 10.48% and a negative net margin of 16.30%.The firm’s revenue was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.44 EPS. Celanese has set its Q4 2025 guidance at 0.850-1.000 EPS. On average, sell-side analysts anticipate that Celanese Corporation will post 8.79 EPS for the current year.

Celanese Announces Dividend

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

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.