Hsbc Holdings PLC Raises Position in Celanese Corporation $CE

Hsbc Holdings PLC increased its stake in shares of Celanese Corporation (NYSE:CE) by 14.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 121,112 shares of the basic materials company’s stock after purchasing an additional 15,677 shares during the quarter. Hsbc Holdings PLC owned 0.11% of Celanese worth $7,939,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its position in shares of Celanese by 111.1% during the second quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock valued at $28,000 after buying an additional 270 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Celanese by 100.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 331 shares during the period. National Bank of Canada FI bought a new position in Celanese in the 3rd quarter valued at $34,000. UMB Bank n.a. grew its position in 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 acquiring an additional 571 shares during the last quarter. Finally, Hartford Financial Management Inc. increased its stake in Celanese by 350.5% in the fourth quarter. Hartford Financial Management Inc. now owns 901 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 701 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

Celanese Price Performance

Shares of NYSE CE opened at $47.43 on Friday. Celanese Corporation has a fifty-two week low of $35.13 and a fifty-two week high of $70.70. The company has a market cap of $5.20 billion, a PE ratio of -4.74, a P/E/G ratio of 0.27 and a beta of 0.76. 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 business has a 50-day simple moving average of $50.20 and a two-hundred day simple moving average of $54.00.

Celanese (NYSE:CE) last announced 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 company 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 business’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 earned $0.57 earnings per share. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. As a group, equities analysts expect that Celanese Corporation will post 6.01 EPS for the current fiscal year.

Celanese Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 28th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, July 28th. Celanese’s dividend payout ratio is presently -1.20%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CE. JPMorgan Chase & Co. raised their price objective on Celanese from $53.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Citigroup dropped their target price on shares of Celanese from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. Zacks Research raised shares of Celanese from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada boosted their price target on shares of Celanese from $66.00 to $68.00 and gave the company a “sector perform” rating in a report on Monday, May 11th. Finally, Morgan Stanley lowered their price target on shares of Celanese from $72.00 to $58.00 and set an “equal weight” rating for the company in a research report on Thursday, July 16th. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Celanese currently has an average rating of “Moderate Buy” and a consensus target price of $65.94.

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.