Carlos Quinones Buys 3,300 Shares of Orion S.A. (NYSE:OEC) Stock

Orion S.A. (NYSE:OEC) VP Carlos Quinones purchased 3,300 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $13.07 per share, with a total value of $43,131.00. Following the completion of the acquisition, the vice president now owns 79,702 shares of the company’s stock, valued at approximately $1,041,705.14. The trade was a 4.32 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Orion Price Performance

Shares of NYSE:OEC opened at $13.15 on Friday. The company has a market cap of $744.72 million, a P/E ratio of 17.53 and a beta of 1.52. The company has a quick ratio of 0.71, a current ratio of 1.24 and a debt-to-equity ratio of 1.42. Orion S.A. has a 52 week low of $12.51 and a 52 week high of $26.05. The business has a fifty day simple moving average of $14.26 and a 200-day simple moving average of $16.01.

Orion (NYSE:OEC) last announced its quarterly earnings data on Wednesday, February 19th. The specialty chemicals company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.10. The business had revenue of $434.20 million during the quarter, compared to the consensus estimate of $437.03 million. Orion had a return on equity of 20.94% and a net margin of 2.35%. Equities research analysts forecast that Orion S.A. will post 1.73 EPS for the current year.

Orion Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.0207 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Thursday, March 13th. Orion’s dividend payout ratio (DPR) is presently 10.67%.

Institutional Investors Weigh In On Orion

Institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in Orion during the third quarter valued at about $27,000. Point72 DIFC Ltd grew its position in Orion by 1,578.7% during the third quarter. Point72 DIFC Ltd now owns 4,415 shares of the specialty chemicals company’s stock valued at $79,000 after acquiring an additional 4,152 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its position in Orion by 1,112.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,624 shares of the specialty chemicals company’s stock valued at $154,000 after acquiring an additional 7,913 shares during the period. Paloma Partners Management Co purchased a new stake in Orion during the third quarter valued at about $190,000. Finally, MQS Management LLC purchased a new stake in Orion during the third quarter valued at about $190,000. Hedge funds and other institutional investors own 94.33% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price target on Orion from $21.00 to $18.00 and set an “overweight” rating for the company in a report on Friday, February 21st. UBS Group lowered their price objective on Orion from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, February 20th.

Orion Company Profile

Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings.