Boston Partners Has $11.76 Million Position in Orion S.A. (NYSE:OEC)

Boston Partners decreased its position in shares of Orion S.A. (NYSE:OEC) by 1.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 499,109 shares of the specialty chemicals company’s stock after selling 7,409 shares during the period. Boston Partners owned about 0.86% of Orion worth $11,756,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its holdings in shares of Orion by 1.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 29,600 shares of the specialty chemicals company’s stock worth $696,000 after buying an additional 550 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Orion by 8.5% in the first quarter. ProShare Advisors LLC now owns 9,956 shares of the specialty chemicals company’s stock worth $234,000 after acquiring an additional 783 shares during the last quarter. Bourgeon Capital Management LLC acquired a new stake in shares of Orion in the 4th quarter valued at approximately $28,000. Price T Rowe Associates Inc. MD increased its position in Orion by 13.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,831 shares of the specialty chemicals company’s stock worth $373,000 after purchasing an additional 1,875 shares in the last quarter. Finally, Heartland Advisors Inc. lifted its stake in Orion by 0.6% in the 1st quarter. Heartland Advisors Inc. now owns 396,500 shares of the specialty chemicals company’s stock valued at $9,326,000 after purchasing an additional 2,400 shares during the last quarter. 94.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

OEC has been the subject of several research analyst reports. StockNews.com upgraded shares of Orion from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Mizuho increased their target price on Orion from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.25.

Orion Trading Down 22.4 %

NYSE OEC traded down $5.16 on Friday, reaching $17.88. The company had a trading volume of 1,777,250 shares, compared to its average volume of 418,829. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 12.07 and a beta of 1.53. Orion S.A. has a fifty-two week low of $17.13 and a fifty-two week high of $28.48. The business has a 50 day moving average of $22.99 and a two-hundred day moving average of $23.35. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.45 and a quick ratio of 0.85.

Orion (NYSE:OEC) last released its quarterly earnings results on Thursday, August 1st. The specialty chemicals company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.18). The firm had revenue of $477.00 million for the quarter, compared to the consensus estimate of $491.14 million. Orion had a return on equity of 19.40% and a net margin of 4.09%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 EPS. Analysts forecast that Orion S.A. will post 2.13 EPS for the current year.

Orion Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, July 1st will be given a dividend of $0.0207 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $0.08 annualized dividend and a dividend yield of 0.46%. Orion’s payout ratio is 5.41%.

Insider Buying and Selling

In related news, VP Carlos Quinones bought 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were bought at an average price of $23.51 per share, for a total transaction of $94,040.00. Following the transaction, the vice president now directly owns 69,702 shares of the company’s stock, valued at $1,638,694.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Carlos Quinones purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average cost of $23.51 per share, with a total value of $94,040.00. Following the purchase, the vice president now owns 69,702 shares in the company, valued at $1,638,694.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeffrey Glajch bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was purchased at an average price of $23.68 per share, for a total transaction of $118,400.00. Following the completion of the acquisition, the chief financial officer now owns 77,061 shares in the company, valued at $1,824,804.48. The disclosure for this purchase can be found here. 6.30% of the stock is currently owned by insiders.

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.