Envestnet Asset Management Inc. Trims Stock Holdings in Celanese Corporation $CE

Envestnet Asset Management Inc. cut its holdings in Celanese Corporation (NYSE:CE) by 25.1% during the third quarter, HoldingsChannel reports. The firm owned 56,335 shares of the basic materials company’s stock after selling 18,855 shares during the period. Envestnet Asset Management Inc.’s holdings in Celanese were worth $2,371,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CE. Geneos Wealth Management Inc. increased its stake in shares of Celanese by 111.1% during the second quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 270 shares during the period. SBI Securities Co. Ltd. increased its holdings in shares of Celanese by 55.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 623 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 222 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Celanese by 140.4% in the third quarter. Versant Capital Management Inc now owns 827 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 483 shares during the period. Salomon & Ludwin LLC purchased a new stake in Celanese during the third quarter worth about $36,000. Finally, Smartleaf Asset Management LLC grew 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 buying an additional 331 shares during the period. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Celanese Trading Down 1.8%

NYSE CE opened at $49.13 on Friday. The stock has a market cap of $5.38 billion, a P/E ratio of -4.63, a PEG ratio of 0.35 and a beta of 1.12. The company’s fifty day simple moving average is $48.23 and its 200-day simple moving average is $44.31. The company has a current ratio of 1.55, a quick ratio of 0.94 and a debt-to-equity ratio of 2.55. Celanese Corporation has a 52 week low of $35.13 and a 52 week high of $63.55.

Celanese (NYSE:CE) last released its quarterly earnings results on Tuesday, February 17th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.22). The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.25 billion. Celanese had a positive return on equity of 8.75% and a negative net margin of 12.15%.The business’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period last year, the firm earned $1.45 EPS. Celanese has set its Q1 2026 guidance at 0.700-0.850 EPS. Equities research analysts predict that Celanese Corporation will post 8.79 EPS for the current fiscal year.

Celanese Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Tuesday, February 24th. Celanese’s dividend payout ratio (DPR) is -1.13%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Robert W. Baird set a $65.00 price target on Celanese in a research note on Thursday, February 19th. Zacks Research lowered Celanese from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Royal Bank Of Canada lifted their price target on Celanese from $48.00 to $55.00 and gave the stock a “sector perform” rating in a research note on Monday. Weiss Ratings reissued a “sell (d)” rating on shares of Celanese in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company raised their target price on shares of Celanese from $45.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $59.72.

Insider Transactions at Celanese

In other Celanese news, CFO Chuck Kyrish bought 5,000 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were bought at an average cost of $41.03 per share, with a total value of $205,150.00. Following the transaction, the chief financial officer directly owned 10,914 shares in the company, valued at approximately $447,801.42. This trade represents a 84.55% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.33% of the stock is owned by corporate insiders.

Celanese Company 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.