Thrivent Financial for Lutherans increased its holdings in Celanese Corporation (NYSE:CE – Free Report) by 6.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 161,136 shares of the basic materials company’s stock after buying an additional 9,348 shares during the period. Thrivent Financial for Lutherans’ holdings in Celanese were worth $6,812,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in CE. Geneos Wealth Management Inc. raised its position in shares of Celanese by 111.1% in the second quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock worth $28,000 after buying an additional 270 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of Celanese in the third quarter worth $34,000. Hartford Financial Management Inc. raised its position in shares of Celanese by 350.5% in the fourth quarter. Hartford Financial Management Inc. now owns 901 shares of the basic materials company’s stock worth $38,000 after buying an additional 701 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Celanese by 100.0% in the second quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock worth $38,000 after buying an additional 331 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in Celanese during the third quarter valued at about $50,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on CE. UBS Group raised their price target on Celanese from $58.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Zacks Research upgraded Celanese from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Weiss Ratings restated a “sell (d)” rating on shares of Celanese in a research report on Wednesday, January 21st. JPMorgan Chase & Co. raised their price target on Celanese from $53.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, Robert W. Baird raised their price target on Celanese from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, March 27th. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.81.
Celanese Stock Up 0.0%
Shares of NYSE:CE opened at $53.51 on Thursday. The stock’s 50-day moving average price is $61.53 and its 200-day moving average price is $50.98. Celanese Corporation has a 12-month low of $35.13 and a 12-month high of $70.70. The stock has a market capitalization of $5.87 billion, a P/E ratio of -5.35, a price-to-earnings-growth ratio of 0.33 and a beta of 0.81. The company has a current ratio of 1.38, a quick ratio of 0.85 and a debt-to-equity ratio of 2.41.
Celanese (NYSE:CE – Get Free Report) last announced its quarterly earnings data 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 company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period last year, the business posted $0.57 earnings per share. The firm’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. On average, equities analysts anticipate that Celanese Corporation will post 5.65 earnings per share for the current year.
Celanese Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, April 27th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, April 27th. Celanese’s dividend payout ratio (DPR) is -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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