Federated Hermes Inc. Acquires 3,280,109 Shares of Celanese Corporation $CE

Federated Hermes Inc. increased its stake in Celanese Corporation (NYSE:CE) by 182.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,081,458 shares of the basic materials company’s stock after purchasing an additional 3,280,109 shares during the quarter. Federated Hermes Inc.’s holdings in Celanese were worth $281,157,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CE. Amundi increased its stake in Celanese by 81.2% in the second quarter. Amundi now owns 381,615 shares of the basic materials company’s stock valued at $23,134,000 after purchasing an additional 171,061 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Celanese by 706.8% in the 2nd quarter. Marshall Wace LLP now owns 819,833 shares of the basic materials company’s stock valued at $45,361,000 after buying an additional 718,218 shares during the period. Baird Financial Group Inc. increased its position in Celanese by 42.1% in the 2nd quarter. Baird Financial Group Inc. now owns 7,768 shares of the basic materials company’s stock valued at $430,000 after buying an additional 2,303 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Celanese by 144.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,276 shares of the basic materials company’s stock worth $71,000 after buying an additional 755 shares during the period. Finally, Quantbot Technologies LP boosted its holdings in Celanese by 187.1% in the second quarter. Quantbot Technologies LP now owns 92,834 shares of the basic materials company’s stock worth $5,137,000 after acquiring an additional 60,497 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Celanese Trading Up 1.9%

Shares of CE stock opened at $40.60 on Friday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.04 and a current ratio of 1.63. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of -1.44 and a beta of 1.13. Celanese Corporation has a 52-week low of $35.13 and a 52-week high of $75.84. The company has a 50-day simple moving average of $40.33 and a two-hundred day simple moving average of $47.70.

Celanese (NYSE:CE) last posted its earnings results on Thursday, November 6th. The basic materials company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.27 by $0.07. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Celanese had a negative net margin of 31.85% and a positive return on equity of 9.87%. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.44 EPS. Celanese has set its Q4 2025 guidance at 0.850-1.000 EPS. Research analysts anticipate that Celanese Corporation will post 8.79 EPS for the current fiscal year.

Celanese Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Tuesday, October 28th were issued 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 of this dividend was Tuesday, October 28th. Celanese’s payout ratio is -0.42%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CE. Robert W. Baird decreased their price objective on Celanese from $67.00 to $50.00 and set an “outperform” rating for the company in a report on Wednesday, August 13th. Royal Bank Of Canada set a $43.00 price target on shares of Celanese in a research note on Tuesday, October 14th. Jefferies Financial Group dropped their price objective on shares of Celanese from $47.00 to $43.00 and set a “hold” rating on the stock in a research note on Monday, September 8th. Bank of America reduced their price objective on shares of Celanese from $59.00 to $57.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. Finally, Wells Fargo & Company lowered their target price on shares of Celanese from $57.00 to $55.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $54.78.

Insiders Place Their Bets

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

About Celanese

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.