Celanese Corporation $CE Shares Acquired by Turtle Creek Asset Management Inc.

Turtle Creek Asset Management Inc. lifted its stake in shares of Celanese Corporation (NYSE:CE) by 18.1% during the 1st quarter, Holdings Channel reports. The fund owned 2,547,744 shares of the basic materials company’s stock after buying an additional 391,204 shares during the quarter. Celanese comprises 6.2% of Turtle Creek Asset Management Inc.’s portfolio, making the stock its 3rd largest holding. Turtle Creek Asset Management Inc.’s holdings in Celanese were worth $167,565,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CE. Geneos Wealth Management Inc. increased its position in Celanese by 111.1% during the second quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 270 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Celanese by 100.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 331 shares during the last quarter. National Bank of Canada FI acquired a new position in Celanese in the 3rd quarter valued at about $34,000. UMB Bank n.a. grew its stake in shares of Celanese by 175.7% in the 4th quarter. UMB Bank n.a. now owns 896 shares of the basic materials company’s stock valued at $38,000 after buying an additional 571 shares during the period. Finally, Hartford Financial Management Inc. increased its holdings in shares of Celanese by 350.5% during the 4th quarter. Hartford Financial Management Inc. now owns 901 shares of the basic materials company’s stock worth $38,000 after buying an additional 701 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Royal Bank Of Canada upped their price objective on Celanese from $66.00 to $68.00 and gave the company a “sector perform” rating in a report on Monday, May 11th. Morgan Stanley reduced their target price on Celanese from $72.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Celanese in a research note on Tuesday, May 26th. BMO Capital Markets lowered their price target on Celanese from $80.00 to $57.00 and set a “market perform” rating for the company in a report on Monday, July 6th. Finally, Citigroup cut their price objective on Celanese from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Ten research 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. According to MarketBeat, Celanese presently has an average rating of “Moderate Buy” and an average target price of $65.94.

Celanese Stock Up 1.0%

Shares of CE opened at $43.94 on Thursday. The stock has a market capitalization of $4.82 billion, a PE ratio of -4.39, a P/E/G ratio of 0.27 and a beta of 0.76. Celanese Corporation has a 1 year low of $35.13 and a 1 year high of $70.70. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.85 and a current ratio of 1.38. The company’s 50-day simple moving average is $49.38 and its 200-day simple moving average is $54.03.

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

Celanese Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 28th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, July 28th. 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.