Man Group plc Buys Shares of 119,435 Celanese Corporation $CE

Man Group plc purchased a new stake in Celanese Corporation (NYSE:CE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 119,435 shares of the basic materials company’s stock, valued at approximately $5,494,000.

Several other hedge funds have also added to or reduced their stakes in CE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Celanese by 41.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,450 shares of the basic materials company’s stock worth $1,842,000 after purchasing an additional 9,543 shares during the period. NewEdge Advisors LLC raised its stake in 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 buying an additional 3,654 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Celanese by 144.9% during the second 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 period. Baird Financial Group Inc. raised its holdings in Celanese by 42.1% during the second 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 raised its holdings in shares of Celanese by 6.5% in the 2nd quarter. California Public Employees Retirement System now owns 184,980 shares of the basic materials company’s stock worth $10,235,000 after acquiring an additional 11,347 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CE has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Celanese from $80.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. JPMorgan Chase & Co. boosted their price objective on Celanese from $53.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Mizuho set a $50.00 target price on Celanese in a research report on Wednesday, August 5th. BMO Capital Markets cut their price objective on shares of Celanese from $57.00 to $54.00 and set a “market perform” rating for the company in a research report on Wednesday, August 5th. Finally, Royal Bank Of Canada boosted their target price on Celanese from $66.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Monday, May 11th. Nine investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Celanese presently has an average rating of “Hold” and a consensus price target of $63.71.

Celanese Price Performance

CE stock opened at $44.95 on Friday. The company has a market cap of $4.93 billion, a P/E ratio of -4.20, a PEG ratio of 0.29 and a beta of 0.76. 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 firm has a 50-day moving average of $46.00 and a 200 day moving average of $53.58. Celanese Corporation has a 1 year low of $35.13 and a 1 year high of $70.70.

Celanese (NYSE:CE) last announced its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share for the quarter, topping 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 business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter in the prior year, the company earned $1.44 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. On average, sell-side analysts forecast that Celanese Corporation will post 5.99 EPS for the current 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 paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Tuesday, July 28th. Celanese’s dividend payout ratio (DPR) is -1.12%.

Insider Transactions at Celanese

In other Celanese news, SVP Mark Christopher Murray acquired 2,153 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average price of $45.52 per share, with a total value of $98,004.56. Following the completion of the acquisition, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.34% of the company’s stock.

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.