Connor Clark & Lunn Investment Management Ltd. Grows Holdings in Celanese Corporation $CE

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Celanese Corporation (NYSE:CE) by 139.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 865,302 shares of the basic materials company’s stock after purchasing an additional 504,619 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.79% of Celanese worth $47,877,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas acquired a new stake in shares of Celanese in the 1st quarter worth $907,000. Mizuho Markets Americas LLC raised its holdings in Celanese by 149.6% during the second quarter. Mizuho Markets Americas LLC now owns 1,248,055 shares of the basic materials company’s stock worth $69,055,000 after purchasing an additional 747,987 shares in the last quarter. HB Wealth Management LLC purchased a new position in Celanese during the second quarter worth about $340,000. Muhlenkamp & Co. Inc. acquired a new stake in Celanese in the second quarter valued at about $8,366,000. Finally, United Services Automobile Association purchased a new stake in Celanese in the 1st quarter valued at approximately $382,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Celanese Trading Up 14.6%

Shares of CE stock opened at $41.39 on Friday. Celanese Corporation has a fifty-two week low of $35.48 and a fifty-two week high of $89.24. The company has a quick ratio of 1.22, a current ratio of 2.05 and a debt-to-equity ratio of 2.22. The business has a fifty day simple moving average of $42.45 and a 200-day simple moving average of $48.96. The stock has a market cap of $4.53 billion, a P/E ratio of -2.79, a P/E/G ratio of 1.86 and a beta of 1.17.

Celanese (NYSE:CE) last posted its earnings results on Thursday, November 6th. The basic materials company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.07. Celanese had a negative net margin of 16.30% and a positive return on equity of 10.48%. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same period last year, the firm posted $2.44 EPS. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis. Celanese has set its Q4 2025 guidance at 0.850-1.000 EPS. On average, analysts forecast that Celanese Corporation will post 8.79 earnings per share for the current fiscal year.

Celanese Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Tuesday, October 28th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, October 28th. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Celanese’s dividend payout ratio is presently -0.42%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CE shares. Royal Bank Of Canada set a $43.00 target price on Celanese in a research note on Tuesday, October 14th. Bank of America cut their price objective on Celanese from $59.00 to $57.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft set a $52.00 target price on shares of Celanese and gave the stock a “buy” rating in a research report on Wednesday, August 13th. BMO Capital Markets cut their price target on shares of Celanese from $55.00 to $47.00 and set a “market perform” rating for the company in a report on Thursday, August 14th. Finally, Mizuho raised their price objective on shares of Celanese from $50.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $56.11.

Insider Buying and Selling

In related news, Director Timothy Go purchased 1,039 shares of the company’s stock in a transaction on Monday, September 8th. The stock was bought at an average price of $46.25 per share, with a total value of $48,053.75. Following the completion of the transaction, the director owned 4,415 shares of the company’s stock, valued at approximately $204,193.75. This represents a 30.78% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.33% of the company’s stock.

About Celanese

Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics.