Eurizon Capital SGR S.p.A. Invests $593,000 in Celanese Corporation $CE

Eurizon Capital SGR S.p.A. purchased a new position in shares of Celanese Corporation (NYSE:CE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 14,025 shares of the basic materials company’s stock, valued at approximately $593,000.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its position in Celanese by 12.8% in the third quarter. JPMorgan Chase & Co. now owns 259,196 shares of the basic materials company’s stock valued at $10,907,000 after buying an additional 29,392 shares during the last quarter. AMG National Trust Bank boosted its position in Celanese by 270.1% in the third quarter. AMG National Trust Bank now owns 70,322 shares of the basic materials company’s stock valued at $2,959,000 after buying an additional 51,322 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Celanese by 21.5% in the third quarter. Russell Investments Group Ltd. now owns 1,214,487 shares of the basic materials company’s stock valued at $51,104,000 after buying an additional 214,632 shares during the last quarter. Fox Run Management L.L.C. boosted its position in Celanese by 406.9% in the third quarter. Fox Run Management L.L.C. now owns 42,175 shares of the basic materials company’s stock valued at $1,775,000 after buying an additional 33,854 shares during the last quarter. Finally, QSM Asset Management Ltd boosted its position in Celanese by 102.2% in the fourth quarter. QSM Asset Management Ltd now owns 84,698 shares of the basic materials company’s stock valued at $3,581,000 after buying an additional 42,800 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Celanese Trading Up 0.6%

Celanese stock opened at $55.61 on Thursday. 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 Corporation has a 12 month low of $35.13 and a 12 month high of $70.70. The stock’s 50 day simple moving average is $60.85 and its two-hundred day simple moving average is $52.01. The firm has a market cap of $6.10 billion, a PE ratio of -5.56, a P/E/G ratio of 0.34 and a beta of 0.73.

Celanese (NYSE:CE) last announced its earnings results on Tuesday, May 5th. The basic materials company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.03). The business had revenue of $2.34 billion for 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 company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.57 earnings per share. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. Analysts anticipate that Celanese Corporation will post 5.8 earnings per share for the current year.

Celanese Announces Dividend

The firm also recently announced 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 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 is presently -1.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CE shares. Jefferies Financial Group upgraded Celanese from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Thursday, February 5th. Wall Street Zen upgraded Celanese from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Bank of America upped their target price on Celanese from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Evercore set a $63.00 target price on Celanese in a research report on Wednesday, February 18th. Finally, Vertical Research upgraded Celanese from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Monday, March 9th. Ten investment 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $67.81.

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.