Cibc World Market Inc. purchased a new stake in shares of Celanese Corporation (NYSE:CE – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 508,303 shares of the basic materials company’s stock, valued at approximately $23,382,000.
Other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in Celanese in the 2nd quarter worth approximately $614,675,000. Royal Bank of Canada raised its position in shares of Celanese by 1,539.8% during 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 buying an additional 2,003,127 shares during the last quarter. Capital Research Global Investors raised its holdings in Celanese by 24.0% in the 4th quarter. Capital Research Global Investors now owns 5,565,556 shares of the basic materials company’s stock valued at $235,312,000 after acquiring an additional 1,076,645 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Celanese by 83.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,187,235 shares of the basic materials company’s stock worth $143,849,000 after purchasing an additional 993,193 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Celanese during the 2nd quarter worth about $44,564,000. 98.87% of the stock is currently owned by institutional investors.
Insider Transactions at Celanese
In related news, SVP Mark Christopher Murray purchased 2,153 shares of Celanese stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of $45.52 per share, with a total value of $98,004.56. Following the completion of the transaction, the senior vice president owned 30,432 shares of the company’s stock, valued at approximately $1,385,264.64. This trade represents a 7.61% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.34% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on CE
Celanese Trading Up 0.1%
Shares of NYSE:CE opened at $46.86 on Monday. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of -4.38, a PEG ratio of 0.31 and a beta of 0.76. The company’s fifty day simple moving average is $46.70 and its 200 day simple moving average is $53.84. Celanese Corporation has a 12 month low of $35.13 and a 12 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.
Celanese (NYSE:CE – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.22. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.75 billion. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%.Celanese’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.44 earnings per share. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. As a group, research analysts forecast that Celanese Corporation will post 5.94 EPS for the current fiscal year.
Celanese Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 28th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $0.12 annualized dividend and a yield of 0.3%. Celanese’s payout ratio is -1.12%.
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.
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