Fideuram Asset Management Ireland dac Acquires New Holdings in Celanese Corporation $CE

Fideuram Asset Management Ireland dac acquired a new stake in Celanese Corporation (NYSE:CE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 13,867 shares of the basic materials company’s stock, valued at approximately $586,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Celanese by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 11,840,341 shares of the basic materials company’s stock worth $500,610,000 after buying an additional 90,428 shares in the last quarter. Turtle Creek Asset Management Inc. raised its position in shares of Celanese by 21.0% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 5,115,365 shares of the basic materials company’s stock worth $215,255,000 after buying an additional 887,600 shares in the last quarter. State Street Corp raised its position in shares of Celanese by 3.2% during the 2nd quarter. State Street Corp now owns 3,828,747 shares of the basic materials company’s stock worth $211,845,000 after buying an additional 120,208 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Celanese by 17.7% during the 4th quarter. Geode Capital Management LLC now owns 1,909,529 shares of the basic materials company’s stock worth $80,760,000 after buying an additional 287,264 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Celanese by 37.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,703,695 shares of the basic materials company’s stock worth $71,691,000 after buying an additional 466,683 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on CE shares. Royal Bank Of Canada boosted their price target on shares of Celanese from $66.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Monday, May 11th. Evercore set a $63.00 price target on shares of Celanese in a research report on Wednesday, February 18th. Zacks Research upgraded shares of Celanese from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. UBS Group boosted their price target on shares of Celanese from $58.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Celanese from $53.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Celanese presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.81.

Celanese Stock Performance

Shares of CE opened at $53.10 on Friday. The firm’s 50 day moving average is $60.99 and its 200-day moving average is $51.62. The stock has a market capitalization of $5.82 billion, a P/E ratio of -5.31, a P/E/G ratio of 0.32 and a beta of 0.81. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.38 and a quick ratio of 0.85. Celanese Corporation has a 12-month low of $35.13 and a 12-month high of $70.70.

Celanese (NYSE:CE) 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 the consensus estimate of $0.88 by ($0.03). The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. Celanese had a positive return on equity of 9.92% and a negative net margin of 11.54%.The business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 EPS. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. Equities research analysts anticipate that Celanese Corporation will post 5.8 EPS for the current fiscal year.

Celanese Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, April 27th were given a $0.03 dividend. This represents a $0.12 annualized dividend 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%.

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.