Celanese Corporation $CE Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership trimmed its holdings in Celanese Corporation (NYSE:CE) by 17.1% during the second quarter, HoldingsChannel reports. The firm owned 260,979 shares of the basic materials company’s stock after selling 53,851 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Celanese were worth $14,440,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CE. Quantbot Technologies LP increased its holdings in shares of Celanese by 187.1% in the second quarter. Quantbot Technologies LP now owns 92,834 shares of the basic materials company’s stock valued at $5,137,000 after purchasing an additional 60,497 shares during the last quarter. Lido Advisors LLC purchased a new position in shares of Celanese during the 2nd quarter worth $524,000. Norges Bank acquired a new position in shares of Celanese during the 2nd quarter valued at about $114,934,000. Quadrature Capital Ltd grew its holdings in shares of Celanese by 72.1% in the second quarter. Quadrature Capital Ltd now owns 26,311 shares of the basic materials company’s stock valued at $1,456,000 after purchasing an additional 11,022 shares during the period. Finally, Hsbc Holdings PLC increased its position in Celanese by 661.9% during the second quarter. Hsbc Holdings PLC now owns 181,653 shares of the basic materials company’s stock worth $10,161,000 after purchasing an additional 157,811 shares during the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Celanese Stock Down 1.4%

Shares of CE opened at $40.06 on Tuesday. The company’s 50-day simple moving average is $40.32 and its 200-day simple moving average is $47.57. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.04 and a current ratio of 1.63. Celanese Corporation has a 1 year low of $35.13 and a 1 year high of $75.84. The stock has a market capitalization of $4.39 billion, a PE ratio of -1.42 and a beta of 1.12.

Celanese (NYSE:CE) last announced its earnings results 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. Celanese had a negative net margin of 31.85% and a positive return on equity of 9.87%. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the prior year, the firm earned $2.44 EPS. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis. Celanese has set its Q4 2025 guidance at 0.850-1.000 EPS. Analysts forecast that Celanese Corporation will post 8.79 earnings per share for the current fiscal year.

Celanese Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Tuesday, October 28th were issued a $0.03 dividend. The ex-dividend date was Tuesday, October 28th. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Celanese’s dividend payout ratio (DPR) is -0.42%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CE. Evercore ISI decreased their target price on shares of Celanese from $75.00 to $45.00 and set an “in-line” rating on the stock in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Celanese in a research report on Wednesday, October 8th. Citigroup increased their price objective on Celanese from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. JPMorgan Chase & Co. cut their target price on Celanese from $47.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, August 14th. Finally, KeyCorp decreased their price target on Celanese from $77.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 13th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $54.78.

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.