Orion Engineered Carbons S.A. (NYSE:OEC) Shares Acquired by Credit Suisse AG

Credit Suisse AG raised its holdings in shares of Orion Engineered Carbons S.A. (NYSE:OEC – Get Rating) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 114,891 shares of the specialty chemicals company’s stock after acquiring an additional 661 shares during the quarter. Credit Suisse AG owned approximately 0.19% of Orion Engineered Carbons worth $1,534,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in OEC. Bank of New York Mellon Corp boosted its position in shares of Orion Engineered Carbons by 24.5% during the 1st quarter. Bank of New York Mellon Corp now owns 241,448 shares of the specialty chemicals company’s stock worth $3,857,000 after acquiring an additional 47,440 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Orion Engineered Carbons by 49.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 418,087 shares of the specialty chemicals company’s stock worth $6,677,000 after acquiring an additional 138,509 shares in the last quarter. Sei Investments Co. boosted its position in shares of Orion Engineered Carbons by 5.8% during the 1st quarter. Sei Investments Co. now owns 63,814 shares of the specialty chemicals company’s stock worth $1,020,000 after acquiring an additional 3,487 shares in the last quarter. Covestor Ltd acquired a new position in shares of Orion Engineered Carbons during the 1st quarter worth about $48,000. Finally, Fuller & Thaler Asset Management Inc. boosted its position in shares of Orion Engineered Carbons by 20.6% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 15,292 shares of the specialty chemicals company’s stock worth $244,000 after acquiring an additional 2,615 shares in the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

Orion Engineered Carbons Stock Down 1.1 %

OEC opened at $26.01 on Wednesday. The business has a 50 day moving average price of $21.34 and a two-hundred day moving average price of $18.26. The company has a quick ratio of 0.91, a current ratio of 1.41 and a debt-to-equity ratio of 1.43. The company has a market cap of $1.56 billion, a PE ratio of 14.95 and a beta of 1.65. Orion Engineered Carbons S.A. has a 52 week low of $12.87 and a 52 week high of $26.91.

Orion Engineered Carbons (NYSE:OEC – Get Rating) last posted its quarterly earnings data on Friday, February 17th. The specialty chemicals company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.16 by $0.10. The firm had revenue of $462.10 million during the quarter, compared to the consensus estimate of $441.89 million. Orion Engineered Carbons had a return on equity of 28.89% and a net margin of 5.23%. The firm’s revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 EPS. As a group, research analysts anticipate that Orion Engineered Carbons S.A. will post 2.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. StockNews.com raised Orion Engineered Carbons from a “hold” rating to a “buy” rating in a research report on Thursday, December 8th. TheStreet raised Orion Engineered Carbons from a “c+” rating to a “b-” rating in a research report on Tuesday, January 31st. Finally, UBS Group upped their target price on Orion Engineered Carbons from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, January 11th.

Orion Engineered Carbons Company Profile

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Orion Engineered Carbons SA engages in the production and supply of carbon black. It operates through the following segments: Specialty Carbon Black and Rubber Carbon Black. The Specialty Carbon Black segment manufactures specialty carbon black at multiple sites for a broad range of specialized applications.