51,677 Celanese Corporation $CE Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its stake in shares of Celanese Corporation (NYSE:CE) by 94.2% in the third quarter, Holdings Channel reports. The fund owned 3,160 shares of the basic materials company’s stock after selling 51,677 shares during the period. Sterling Capital Management LLC’s holdings in Celanese were worth $140,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Celanese in the second quarter valued at approximately $614,675,000. Bank of America Corp DE acquired a new stake in shares of Celanese during the second quarter worth $62,580,000. Dimensional Fund Advisors LP lifted its holdings in shares of Celanese by 83.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,187,235 shares of the basic materials company’s stock worth $143,849,000 after purchasing an additional 993,193 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Celanese during the second quarter worth $44,564,000. Finally, Bank of New York Mellon Corp purchased a new position in Celanese in the 2nd quarter valued at $31,261,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Celanese

In related news, SVP Mark Murray purchased 2,153 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average price of $45.52 per share, for a total transaction of $98,004.56. Following the acquisition, the senior vice president directly owned 30,432 shares of the company’s stock, valued at $1,385,264.64. This trade represents a 7.61% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by company insiders.

Celanese Stock Down 0.0%

CE opened at $49.28 on Monday. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.45 and a quick ratio of 0.87. 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 $5.41 billion, a P/E ratio of -4.61, a P/E/G ratio of 0.35 and a beta of 0.71. The business has a 50 day simple moving average of $46.06 and a 200-day simple moving average of $51.39.

Celanese (NYSE:CE) last announced its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.22. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.75 billion. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%. Celanese’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.44 earnings per share. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. On average, equities analysts anticipate that Celanese Corporation will post 6.00 earnings per share for the current fiscal year.

Celanese Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Tuesday, October 27th will be given 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 is Tuesday, October 27th. Celanese’s payout ratio is presently -1.12%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CE shares. Barclays assumed coverage on shares of Celanese in a research note on Monday, October 12th. They issued an “equal weight” rating and a $49.00 price objective on the stock. Citigroup cut their price objective on shares of Celanese from $60.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, September 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Celanese in a research note on Friday, August 21st. Morgan Stanley lowered their target price on shares of Celanese from $72.00 to $58.00 and set an “equal weight” rating on the stock in a report on Thursday, July 16th. Finally, KeyCorp initiated coverage on shares of Celanese in a research note on Thursday, September 10th. They set an “overweight” rating and a $57.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Celanese currently has a consensus rating of “Moderate Buy” and an average price target of $60.38.

About Celanese

Celanese Corporation (NYSE: CE) is a global chemical and specialty materials company headquartered in Irving, Texas. The company develops and manufactures engineered materials and chemical products used by manufacturers in industries including automotive, consumer goods, medical and healthcare, electronics, industrial equipment, energy and infrastructure.

Celanese operates primarily through its Engineered Materials and Acetyl Chain businesses. Its portfolio includes engineered polymers, thermoplastic compounds and other specialty materials, as well as acetyl products such as acetic acid, vinyl acetate monomer, emulsions and related intermediates.