Quantitative Investment Management LLC Purchases New Shares in Celanese Corporation $CE

Quantitative Investment Management LLC acquired a new stake in Celanese Corporation (NYSE:CE) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 29,467 shares of the basic materials company’s stock, valued at approximately $1,355,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. boosted 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 valued at $28,000 after acquiring an additional 270 shares during the period. Smartleaf Asset Management LLC increased its position in Celanese by 100.0% during the second quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 331 shares during the period. National Bank of Canada FI acquired a new stake in Celanese in the 3rd quarter worth about $34,000. UMB Bank n.a. raised its stake in Celanese by 175.7% in the 4th quarter. UMB Bank n.a. now owns 896 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 571 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Celanese in the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Celanese Trading Up 0.9%

NYSE CE opened at $45.40 on Tuesday. The company has a market cap of $4.98 billion, a price-to-earnings ratio of -4.25, a price-to-earnings-growth ratio of 0.29 and a beta of 0.76. 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 business’s fifty day moving average is $45.91 and its 200 day moving average is $53.48.

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

Celanese Dividend Announcement

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

Insider Transactions at Celanese

In other Celanese news, SVP Mark Christopher Murray purchased 2,153 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was purchased at an average cost of $45.52 per share, for a total transaction of $98,004.56. Following the transaction, the senior vice president owned 30,432 shares in the company, valued at $1,385,264.64. The trade was a 7.61% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CE. Morgan Stanley dropped their price target on shares of Celanese from $72.00 to $58.00 and set an “equal weight” rating for the company in a research report on Thursday, July 16th. Wells Fargo & Company lowered their price objective on Celanese from $80.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $50.00 price objective on Celanese in a report on Thursday, August 6th. Wall Street Zen lowered Celanese from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Bank of America dropped their price target on Celanese from $72.00 to $63.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Nine equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $63.71.

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.