Cibc World Market Inc. Acquires New Position in Celanese Corporation $CE

Cibc World Market Inc. acquired a new position in shares of Celanese Corporation (NYSE:CE) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 508,303 shares of the basic materials company’s stock, valued at approximately $23,382,000. Cibc World Market Inc. owned 0.46% of Celanese as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Celanese by 41.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,450 shares of the basic materials company’s stock valued at $1,842,000 after acquiring an additional 9,543 shares during the period. NewEdge Advisors LLC raised its position in shares of Celanese by 265.2% during the 1st quarter. NewEdge Advisors LLC now owns 5,032 shares of the basic materials company’s stock worth $286,000 after purchasing an additional 3,654 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Celanese by 144.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,276 shares of the basic materials company’s stock worth $71,000 after purchasing an additional 755 shares during the last quarter. Baird Financial Group Inc. grew its stake in Celanese by 42.1% during the 2nd quarter. Baird Financial Group Inc. now owns 7,768 shares of the basic materials company’s stock worth $430,000 after buying an additional 2,303 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in Celanese by 6.5% in the second quarter. California Public Employees Retirement System now owns 184,980 shares of the basic materials company’s stock worth $10,235,000 after buying an additional 11,347 shares during the period. Institutional investors own 98.87% of the company’s stock.

Celanese Trading Up 0.1%

NYSE:CE opened at $46.86 on Monday. The stock has a market cap of $5.14 billion, a PE ratio of -4.38, a price-to-earnings-growth ratio of 0.31 and a beta of 0.76. Celanese Corporation has a fifty-two week low of $35.13 and a fifty-two week high of $70.70. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.45 and a quick ratio of 0.87. The stock’s 50-day moving average is $46.70 and its two-hundred day moving average is $53.84.

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

Celanese Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CE shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Celanese in a research report on Tuesday, May 26th. Bank of America decreased their target price on shares of Celanese from $72.00 to $63.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft set a $50.00 price target on Celanese in a research report on Thursday, August 6th. Royal Bank Of Canada boosted their target price on shares of Celanese from $66.00 to $68.00 and gave the stock a “sector perform” rating in a report on Monday, May 11th. Finally, Wall Street Zen downgraded Celanese from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Nine analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Celanese currently has a consensus rating of “Hold” and a consensus target price of $63.47.

Insider Activity

In other news, SVP Mark Christopher Murray purchased 2,153 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $45.52 per share, with a total value of $98,004.56. Following the purchase, the senior vice president owned 30,432 shares in the company, valued at $1,385,264.64. This represents a 7.61% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Celanese Company 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.