Celanese Corporation $CE Position Trimmed by Praxis Investment Management Inc.

Praxis Investment Management Inc. decreased its holdings in shares of Celanese Corporation (NYSE:CE) by 23.5% in the 2nd quarter, Holdings Channel reports. The firm owned 5,310 shares of the basic materials company’s stock after selling 1,630 shares during the quarter. Praxis Investment Management Inc.’s holdings in Celanese were worth $294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in CE. Price T Rowe Associates Inc. MD increased its stake in Celanese by 134.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,566,226 shares of the basic materials company’s stock valued at $202,455,000 after purchasing an additional 2,044,662 shares during the last quarter. Federated Hermes Inc. increased its stake in Celanese by 9,132.0% during the first quarter. Federated Hermes Inc. now owns 1,801,349 shares of the basic materials company’s stock valued at $102,263,000 after purchasing an additional 1,781,837 shares during the last quarter. Dodge & Cox increased its stake in Celanese by 13.0% during the first quarter. Dodge & Cox now owns 15,391,416 shares of the basic materials company’s stock valued at $873,771,000 after purchasing an additional 1,773,354 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Celanese by 35.0% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,164,150 shares of the basic materials company’s stock valued at $179,629,000 after purchasing an additional 819,489 shares during the last quarter. Finally, Samlyn Capital LLC increased its stake in Celanese by 379.1% during the first quarter. Samlyn Capital LLC now owns 1,015,938 shares of the basic materials company’s stock valued at $57,675,000 after purchasing an additional 803,868 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

Insiders Place Their Bets

In related news, Director Timothy Go acquired 1,039 shares of Celanese stock in a transaction that occurred on Monday, September 8th. The stock was acquired at an average price of $46.25 per share, with a total value of $48,053.75. Following the completion of the acquisition, the director directly owned 4,415 shares of the company’s stock, valued at $204,193.75. This trade represents a 30.78% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is owned by insiders.

Celanese Stock Performance

CE stock opened at $40.21 on Friday. The company has a market capitalization of $4.40 billion, a P/E ratio of -2.71, a PEG ratio of 1.84 and a beta of 1.13. The company has a 50-day simple moving average of $44.06 and a 200 day simple moving average of $48.93. Celanese Corporation has a fifty-two week low of $36.29 and a fifty-two week high of $136.47. The company has a quick ratio of 1.22, a current ratio of 2.05 and a debt-to-equity ratio of 2.22.

Celanese (NYSE:CE) last posted its quarterly earnings data on Monday, August 11th. The basic materials company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.06. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Celanese had a negative net margin of 16.30% and a positive return on equity of 10.48%. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.38 earnings per share. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. Sell-side analysts predict that Celanese Corporation will post 8.79 earnings per share for the current fiscal year.

Celanese Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Tuesday, October 28th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, October 28th. This represents a $0.12 annualized dividend and a yield of 0.3%. Celanese’s dividend payout ratio is presently -0.81%.

Analyst Ratings Changes

Several research firms have weighed in on CE. Jefferies Financial Group lowered their target price on shares of Celanese from $47.00 to $43.00 and set a “hold” rating for the company in a research note on Monday, September 8th. Deutsche Bank Aktiengesellschaft set a $52.00 price target on shares of Celanese and gave the company a “buy” rating in a report on Wednesday, August 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Celanese in a report on Wednesday, October 8th. Alembic Global Advisors set a $60.00 price target on shares of Celanese in a report on Monday, August 25th. Finally, UBS Group reduced their price target on shares of Celanese from $49.00 to $48.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $56.11.

Celanese Company Profile

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.