Connor Clark & Lunn Investment Management Ltd. Takes $44.56 Million Position in Celanese Corporation $CE

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Celanese Corporation (NYSE:CE) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 968,786 shares of the basic materials company’s stock, valued at approximately $44,564,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its holdings in Celanese by 111.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 270 shares during the period. Smartleaf Asset Management LLC increased its stake in Celanese by 100.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 331 shares during the period. National Bank of Canada FI purchased a new position in Celanese in the 3rd quarter worth approximately $34,000. UMB Bank n.a. lifted its position in Celanese by 175.7% in the fourth quarter. UMB Bank n.a. now owns 896 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 571 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Celanese in the fourth quarter valued at approximately $41,000. Institutional investors own 98.87% of the company’s stock.

Celanese Price Performance

CE opened at $45.27 on Tuesday. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.87 and a current ratio of 1.45. The stock has a market capitalization of $4.97 billion, a PE ratio of -4.23, a price-to-earnings-growth ratio of 0.31 and a beta of 0.76. The stock’s 50 day moving average price is $46.53 and its 200-day moving average price is $53.82. Celanese Corporation has a 52-week low of $35.13 and a 52-week high of $70.70.

Celanese (NYSE:CE) last announced its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.22. The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.75 billion. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%.The firm’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.44 earnings per share. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. On average, equities research analysts predict that Celanese Corporation will post 5.94 EPS for the current year.

Celanese Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 28th were 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 was Tuesday, July 28th. Celanese’s dividend payout ratio (DPR) is currently -1.12%.

Insider Activity at Celanese

In related news, SVP Mark Christopher Murray bought 2,153 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of $45.52 per share, with a total value of $98,004.56. Following the purchase, the senior vice president owned 30,432 shares of the company’s stock, valued at approximately $1,385,264.64. This trade represents a 7.61% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CE shares. Deutsche Bank Aktiengesellschaft set a $50.00 target price on shares of Celanese in a report on Thursday, August 6th. Wall Street Zen lowered shares of Celanese from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Bank of America dropped their price target on shares of Celanese from $72.00 to $63.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Wells Fargo & Company cut their price target on shares of Celanese from $80.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. Finally, BMO Capital Markets lowered their price objective on shares of Celanese from $57.00 to $54.00 and set a “market perform” rating for the company in a research note on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $63.71.

About Celanese

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.