Royal Bank of Canada Sells 2,044,914 Shares of Celanese Corporation $CE

Royal Bank of Canada lowered its position in Celanese Corporation (NYSE:CE) by 95.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 88,302 shares of the basic materials company’s stock after selling 2,044,914 shares during the quarter. Royal Bank of Canada’s holdings in Celanese were worth $5,808,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CE. Vanguard Group Inc. lifted its holdings in Celanese by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 11,840,341 shares of the basic materials company’s stock valued at $500,610,000 after purchasing an additional 90,428 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Celanese by 24.0% in the fourth quarter. Capital Research Global Investors now owns 5,565,556 shares of the basic materials company’s stock worth $235,312,000 after purchasing an additional 1,076,645 shares in the last quarter. Turtle Creek Asset Management Inc. raised its position in shares of Celanese by 21.0% in the third quarter. Turtle Creek Asset Management Inc. now owns 5,115,365 shares of the basic materials company’s stock valued at $215,255,000 after purchasing an additional 887,600 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in shares of Celanese by 15.8% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,094,781 shares of the basic materials company’s stock valued at $173,127,000 after purchasing an additional 558,391 shares during the period. Finally, State Street Corp lifted its stake in shares of Celanese by 2.1% during the 4th quarter. State Street Corp now owns 3,949,230 shares of the basic materials company’s stock valued at $166,973,000 after buying an additional 80,242 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors.

Celanese Stock Up 0.9%

Shares of NYSE:CE opened at $44.86 on Wednesday. The firm has a market capitalization of $4.92 billion, a PE ratio of -4.20, a price-to-earnings-growth ratio of 0.29 and a beta of 0.76. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.87 and a current ratio of 1.45. Celanese Corporation has a 52-week low of $35.13 and a 52-week high of $70.70. The firm has a fifty day moving average of $47.76 and a 200 day moving average of $53.90.

Celanese (NYSE:CE) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.22. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%.The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter last year, the business posted $1.44 earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. As a group, research analysts anticipate that Celanese Corporation will post 5.94 EPS for the current fiscal year.

Celanese Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 28th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, July 28th. Celanese’s dividend payout ratio (DPR) is currently -1.12%.

Analysts Set New Price Targets

CE has been the subject of several analyst reports. Wall Street Zen downgraded shares of Celanese from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Citigroup lowered their target price on shares of Celanese from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. Wells Fargo & Company dropped their target price on Celanese from $80.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Zacks Research raised Celanese from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft set a $50.00 price target on Celanese in a research report on Thursday, August 6th. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Celanese currently has a consensus rating of “Moderate Buy” and an average price target of $63.88.

About Celanese

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.