Segall Bryant & Hamill LLC acquired a new position in shares of Celanese Corporation (NYSE:CE – Free Report) in the first quarter, Holdings Channel reports. The fund acquired 399,849 shares of the basic materials company’s stock, valued at approximately $26,298,000.
Several other institutional investors have also made changes to their positions in CE. Royal Bank of Canada increased its stake in Celanese by 1,539.8% in the fourth quarter. Royal Bank of Canada now owns 2,133,216 shares of the basic materials company’s stock valued at $90,192,000 after acquiring an additional 2,003,127 shares during the period. Capital Research Global Investors boosted its holdings in Celanese by 24.0% during the fourth quarter. Capital Research Global Investors now owns 5,565,556 shares of the basic materials company’s stock valued at $235,312,000 after purchasing an additional 1,076,645 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Celanese by 83.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,187,235 shares of the basic materials company’s stock valued at $143,849,000 after purchasing an additional 993,193 shares during the period. Turtle Creek Asset Management Inc. grew its stake in shares of Celanese by 21.0% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 5,115,365 shares of the basic materials company’s stock valued at $215,255,000 after purchasing an additional 887,600 shares during the period. Finally, Bank of America Corp DE raised its holdings 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 worth $91,056,000 after buying an additional 837,944 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts recently commented on CE shares. Wall Street Zen downgraded Celanese from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Celanese in a research note on Tuesday, May 26th. Mizuho cut their price objective on Celanese from $65.00 to $55.00 and set a “neutral” rating for the company in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $60.00 target price on shares of Celanese in a research note on Wednesday, July 22nd. Finally, BMO Capital Markets dropped their target price on shares of Celanese from $80.00 to $57.00 and set a “market perform” rating for the company in a research report on Monday, July 6th. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Celanese presently has an average rating of “Moderate Buy” and a consensus price target of $65.94.
Celanese Price Performance
Shares of CE stock opened at $44.69 on Friday. The stock’s fifty day moving average is $49.06 and its 200-day moving average is $53.96. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.85 and a current ratio of 1.38. The stock has a market capitalization of $4.90 billion, a PE ratio of -4.46, a PEG ratio of 0.28 and a beta of 0.76. Celanese Corporation has a 52 week low of $35.13 and a 52 week high of $70.70.
Celanese (NYSE:CE – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.03). Celanese had a negative net margin of 11.54% and a positive return on equity of 9.92%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the firm earned $0.57 earnings per share. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. Equities research analysts expect that Celanese Corporation will post 6.01 EPS for the current fiscal year.
Celanese Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 28th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.3%. The ex-dividend date is Tuesday, July 28th. Celanese’s dividend payout ratio (DPR) is presently -1.20%.
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.
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