Hsbc Holdings PLC Takes Position in Celanese Corporation $CE

Hsbc Holdings PLC purchased a new position in shares of Celanese Corporation (NYSE:CE) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 50,877 shares of the basic materials company’s stock, valued at approximately $2,307,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new position in Celanese in the 2nd quarter valued at approximately $614,675,000. Vanguard Group Inc. grew its holdings in Celanese by 0.8% in 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 grew its holdings in 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 valued at $235,312,000 after purchasing an additional 1,076,645 shares during the last quarter. Turtle Creek Asset Management Inc. increased 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 buying an additional 887,600 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased 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 buying an additional 558,391 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insider Transactions at Celanese

In other news, SVP Mark Christopher Murray bought 2,153 shares of the stock in a transaction on Tuesday, August 11th. The stock was purchased at an average cost of $45.52 per share, with a total value of $98,004.56. Following the purchase, the senior vice president owned 30,432 shares of the company’s stock, valued at approximately $1,385,264.64. The trade was a 7.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.34% of the company’s stock.

Celanese Trading Down 0.1%

Shares of CE stock opened at $44.95 on Monday. The firm has a 50-day moving average price of $46.00 and a 200 day moving average price of $53.57. Celanese Corporation has a twelve month low of $35.13 and a twelve month high of $70.70. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of -4.20, a PEG ratio of 0.29 and a beta of 0.76. The company has a current ratio of 1.45, a quick ratio of 0.87 and a debt-to-equity ratio of 2.33.

Celanese (NYSE:CE) last released its earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.22. Celanese had a negative net margin of 12.04% and a positive return on equity of 13.04%. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same period in the prior year, the firm earned $1.44 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. Research analysts forecast that Celanese Corporation will post 5.99 earnings per share for the current fiscal year.

Celanese Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on CE. Bank of America decreased their price objective on shares of Celanese from $72.00 to $63.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft set a $50.00 target price on shares of Celanese in a report on Thursday, August 6th. BMO Capital Markets reduced their price target on shares of Celanese from $57.00 to $54.00 and set a “market perform” rating on the stock in a report on Wednesday, August 5th. Mizuho set a $50.00 price target on shares of Celanese in a report on Wednesday, August 5th. Finally, Wall Street Zen lowered shares of Celanese from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Nine 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $63.71.

Celanese 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.