Bank of Montreal Can Reduces Stock Position in Celanese Corporation $CE

by · The Cerbat Gem

Bank of Montreal Can trimmed its position in Celanese Corporation (NYSE:CE – Free Report) by 16.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,797 shares of the basic materials company’s stock after selling 5,426 shares during the period. Bank of Montreal Can’s holdings in Celanese were worth $1,538,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CE. Price T Rowe Associates Inc. MD raised its position in shares of Celanese by 134.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,566,226 shares of the basic materials company’s stock valued at $202,455,000 after buying an additional 2,044,662 shares during the last quarter. Federated Hermes Inc. grew its stake in Celanese by 9,132.0% in the 1st quarter. Federated Hermes Inc. now owns 1,801,349 shares of the basic materials company’s stock worth $102,263,000 after acquiring an additional 1,781,837 shares during the period. Dodge & Cox raised its holdings in Celanese by 13.0% in the 1st quarter. Dodge & Cox now owns 15,391,416 shares of the basic materials company’s stock valued at $873,771,000 after acquiring an additional 1,773,354 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Celanese by 35.0% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,164,150 shares of the basic materials company’s stock worth $179,629,000 after purchasing an additional 819,489 shares during the period. Finally, Samlyn Capital LLC boosted its holdings in shares of Celanese by 379.1% during the first quarter. Samlyn Capital LLC now owns 1,015,938 shares of the basic materials company’s stock worth $57,675,000 after purchasing an additional 803,868 shares during the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Celanese Price Performance

CE opened at $40.06 on Friday. Celanese Corporation has a 52-week low of $35.48 and a 52-week high of $77.43. The company has a 50 day moving average of $41.99 and a two-hundred day moving average of $48.85. The company has a market cap of $4.39 billion, a P/E ratio of -2.70, a P/E/G ratio of 1.86 and a beta of 1.17. The company has a quick ratio of 1.22, a current ratio of 2.05 and a debt-to-equity ratio of 2.22.

Celanese (NYSE:CE – Get Free Report) last posted its earnings results on Thursday, November 6th. The basic materials company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.07. Celanese had a negative net margin of 16.30% and a positive return on equity of 10.48%. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the previous year, the business posted $2.44 EPS. The business’s quarterly revenue was down 8.6% on a year-over-year basis. Celanese has set its Q4 2025 guidance at 0.850-1.000 EPS. On average, analysts expect that Celanese Corporation will post 8.79 earnings per share for the current year.

Celanese Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Tuesday, October 28th were paid a $0.03 dividend. The ex-dividend date was Tuesday, October 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. Celanese’s dividend payout ratio (DPR) is -0.42%.

Insider Activity at Celanese

In related news, Director Timothy Go purchased 1,039 shares of Celanese stock in a transaction that occurred on Monday, September 8th. The shares were purchased at an average cost of $46.25 per share, with a total value of $48,053.75. Following the transaction, the director owned 4,415 shares of the company’s stock, valued at approximately $204,193.75. The trade was a 30.78% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

CE has been the subject of several analyst reports. Cfra Research upgraded Celanese to a “moderate sell” rating in a research note on Tuesday, August 12th. UBS Group lifted their price target on Celanese from $48.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday. Tudor Pickering upgraded shares of Celanese from a “strong sell” rating to a “hold” rating in a report on Tuesday. Royal Bank Of Canada set a $43.00 target price on shares of Celanese in a report on Tuesday, October 14th. Finally, Bank of America dropped their price target on shares of Celanese from $59.00 to $57.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Celanese has an average rating of “Hold” and a consensus target price of $54.78.

View Our Latest Stock Report on Celanese

Celanese Company Profile

(Free Report)

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.

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