First Citizens Bank & Trust Co. Takes $1.35 Million Position in Celanese Corporation $CE

First Citizens Bank & Trust Co. bought a new stake in shares of Celanese Corporation (NYSE:CE) in the 1st quarter, Holdings Channel reports. The institutional investor bought 20,490 shares of the basic materials company’s stock, valued at approximately $1,348,000.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake 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 acquiring an additional 90,428 shares during the period. Capital Research Global Investors lifted its holdings in shares of Celanese by 24.0% during the 4th 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 in the last quarter. Turtle Creek Asset Management Inc. lifted its holdings in shares of Celanese by 21.0% during the 3rd 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 purchasing an additional 887,600 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Celanese by 15.8% in the 4th 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 purchasing an additional 558,391 shares during the period. Finally, State Street Corp raised its holdings in Celanese by 2.1% during the 4th quarter. State Street Corp now owns 3,949,230 shares of the basic materials company’s stock worth $166,973,000 after buying an additional 80,242 shares during the period. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Celanese from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Citigroup cut their price target on Celanese from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. Mizuho reduced their price objective on Celanese from $65.00 to $55.00 and set a “neutral” rating for the company in a research report on Wednesday, July 1st. Bank of America dropped their target price on Celanese from $72.00 to $63.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Finally, Morgan Stanley cut their target price on Celanese from $72.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 16th. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $65.94.

Celanese Trading Down 1.9%

CE opened at $47.43 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.38 and a quick ratio of 0.85. Celanese Corporation has a fifty-two week low of $35.13 and a fifty-two week high of $70.70. The company’s 50 day moving average price is $50.20 and its two-hundred day moving average price is $54.00. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of -4.74, a PEG ratio of 0.27 and a beta of 0.76.

Celanese (NYSE:CE) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.03). The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. Celanese had a positive return on equity of 9.92% and a negative net margin of 11.54%.The business’s revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 earnings per share. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. As a group, research analysts predict that Celanese Corporation will post 6.01 earnings per share for the current year.

Celanese Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 28th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, July 28th. This represents a $0.12 annualized dividend and a yield of 0.3%. Celanese’s dividend payout ratio (DPR) is currently -1.20%.

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.