Fideuram Asset Management Ireland dac Invests $586,000 in Celanese Corporation $CE

Fideuram Asset Management Ireland dac bought a new position in Celanese Corporation (NYSE:CE) during the 4th quarter, HoldingsChannel.com reports. The fund bought 13,867 shares of the basic materials company’s stock, valued at approximately $586,000.

Several other institutional investors have also made changes to their positions in the company. Turtle Creek Asset Management Inc. boosted its holdings in shares of Celanese by 21.0% during the third quarter. Turtle Creek Asset Management Inc. now owns 5,115,365 shares of the basic materials company’s stock worth $215,255,000 after purchasing an additional 887,600 shares during the period. Bank of America Corp DE boosted its holdings in shares of Celanese by 103.7% during the second quarter. Bank of America Corp DE now owns 1,645,689 shares of the basic materials company’s stock worth $91,056,000 after purchasing an additional 837,944 shares during the period. Holocene Advisors LP boosted its holdings in shares of Celanese by 872.6% during the third quarter. Holocene Advisors LP now owns 693,796 shares of the basic materials company’s stock worth $29,195,000 after purchasing an additional 622,460 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Celanese by 142.8% during the second quarter. BNP Paribas Financial Markets now owns 956,650 shares of the basic materials company’s stock worth $52,931,000 after purchasing an additional 562,615 shares during the period. Finally, Man Group plc acquired a new stake in shares of Celanese during the second quarter worth approximately $30,557,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Celanese Price Performance

NYSE CE opened at $53.10 on Friday. The company has a 50 day moving average price of $60.99 and a two-hundred day moving average price of $51.62. The company has a quick ratio of 0.85, a current ratio of 1.38 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 has a market capitalization of $5.82 billion, a PE ratio of -5.31, a price-to-earnings-growth ratio of 0.32 and a beta of 0.81.

Celanese (NYSE:CE) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.03). Celanese had a positive return on equity of 9.92% and a negative net margin of 11.54%.The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Celanese’s quarterly revenue was down 2.2% compared to the same quarter last year. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. As a group, equities analysts predict that Celanese Corporation will post 5.8 earnings per share for the current fiscal year.

Celanese Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, April 27th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Monday, April 27th. Celanese’s payout ratio is presently -1.20%.

Analysts Set New Price Targets

CE has been the subject of several research reports. Mizuho raised their price target on shares of Celanese from $58.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. raised their price target on shares of Celanese from $53.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Wall Street Zen upgraded shares of Celanese from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Evercore set a $63.00 price target on shares of Celanese in a report on Wednesday, February 18th. Finally, UBS Group raised their price target on shares of Celanese from $58.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, April 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.com, Celanese currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.81.

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.