Man Group plc Takes $5.49 Million Position in Celanese Corporation $CE

Man Group plc bought a new stake in Celanese Corporation (NYSE:CE) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 119,435 shares of the basic materials company’s stock, valued at approximately $5,494,000. Man Group plc owned about 0.11% of Celanese at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Jupiter Topco LLC purchased a new position in Celanese in the 2nd quarter worth approximately $2,266,000. Hsbc Holdings PLC bought a new stake in shares of Celanese in the 2nd quarter worth about $2,307,000. PDT Partners LLC bought a new stake in Celanese in the second quarter valued at about $932,000. Canada Pension Plan Investment Board acquired a new stake in shares of Celanese during the 2nd quarter valued at approximately $6,730,000. Finally, Legal & General Group Plc acquired a new stake in shares of Celanese during the second quarter worth $12,791,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Celanese

In other news, SVP Mark Christopher Murray bought 2,153 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of $45.52 per share, for a total transaction of $98,004.56. Following the completion of the acquisition, the senior vice president owned 30,432 shares in the company, valued at approximately $1,385,264.64. This represents a 7.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.34% of the stock is owned by company insiders.

Analysts Set New Price Targets

CE has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their target price on Celanese from $53.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft set a $50.00 price target on Celanese in a research note on Thursday, August 6th. Morgan Stanley lowered their price objective on shares of Celanese from $72.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 16th. Citigroup cut their target price on Celanese from $80.00 to $68.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Finally, Bank of America cut their price target on shares of Celanese from $72.00 to $63.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Celanese presently has a consensus rating of “Hold” and an average price target of $63.71.

Celanese Price Performance

Shares of CE stock opened at $44.95 on Friday. The stock has a 50-day moving average price of $46.00 and a 200 day moving average price of $53.58. Celanese Corporation has a 12 month low of $35.13 and a 12 month high of $70.70. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of -4.20, a PEG ratio of 0.29 and a beta of 0.76. The company has a quick ratio of 0.87, a current ratio of 1.45 and a debt-to-equity ratio of 2.33.

Celanese (NYSE:CE) last announced its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share for the quarter, beating 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 the consensus estimate of $2.75 billion. During the same period last year, the company posted $1.44 EPS. Celanese’s revenue for the quarter was up 8.7% on a year-over-year basis. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. Research analysts expect that Celanese Corporation will post 5.99 EPS for the current year.

Celanese Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 28th were given a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. Celanese’s payout ratio is currently -1.12%.

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.