Savant Capital LLC Buys 4,613 Shares of Celanese Corporation $CE

Savant Capital LLC boosted its stake in shares of Celanese Corporation (NYSE:CE) by 106.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,928 shares of the basic materials company’s stock after buying an additional 4,613 shares during the period. Savant Capital LLC’s holdings in Celanese were worth $494,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Mutual of America Capital Management LLC raised its stake in shares of Celanese by 21.7% in the first quarter. Mutual of America Capital Management LLC now owns 15,917 shares of the basic materials company’s stock valued at $904,000 after acquiring an additional 2,840 shares during the period. CWM LLC grew its holdings in Celanese by 17.0% during the 1st quarter. CWM LLC now owns 3,781 shares of the basic materials company’s stock valued at $215,000 after purchasing an additional 548 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in Celanese in the 1st quarter worth about $259,000. Copperwynd Financial LLC bought a new stake in Celanese in the first quarter worth about $444,000. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in Celanese by 274.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 30,374 shares of the basic materials company’s stock worth $1,725,000 after purchasing an additional 22,260 shares during the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. BMO Capital Markets cut their target price on Celanese from $55.00 to $47.00 and set a “market perform” rating on the stock in a research note on Thursday, August 14th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on Celanese and gave the company a “buy” rating in a research report on Wednesday, August 13th. Evercore ISI reduced their target price on Celanese from $75.00 to $45.00 and set an “in-line” rating on the stock in a research note on Tuesday, November 11th. Zacks Research downgraded Celanese from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 14th. Finally, Robert W. Baird cut their price target on shares of Celanese from $67.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday, August 13th. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Celanese currently has a consensus rating of “Hold” and an average price target of $54.78.

Celanese Price Performance

CE opened at $38.93 on Friday. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of -2.63, a PEG ratio of 1.86 and a beta of 1.17. The company has a current ratio of 2.05, a quick ratio of 1.22 and a debt-to-equity ratio of 2.22. Celanese Corporation has a 12-month low of $35.48 and a 12-month high of $77.43. The business’s fifty day simple moving average is $41.79 and its 200-day simple moving average is $48.85.

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

Celanese Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Tuesday, October 28th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, October 28th. Celanese’s dividend payout ratio (DPR) is presently -0.42%.

Insider Buying and Selling

In related news, Director Timothy Go bought 1,039 shares of the stock in a transaction on Monday, September 8th. The stock was bought at an average price of $46.25 per share, for a total transaction of $48,053.75. Following the completion of the acquisition, the director directly owned 4,415 shares in the company, valued at approximately $204,193.75. This represents a 30.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.33% of the stock is owned by company insiders.

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.