10,302 Shares in Orion Engineered Carbons S.A. (NYSE:OEC) Bought by Bridgefront Capital LLC

Bridgefront Capital LLC bought a new position in shares of Orion Engineered Carbons S.A. (NYSE:OEC – Get Rating) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,302 shares of the specialty chemicals company’s stock, valued at approximately $138,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Credit Suisse AG increased its holdings in Orion Engineered Carbons by 0.6% in the 3rd quarter. Credit Suisse AG now owns 114,891 shares of the specialty chemicals company’s stock valued at $1,534,000 after buying an additional 661 shares during the period. Legal & General Group Plc increased its holdings in Orion Engineered Carbons by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 47,851 shares of the specialty chemicals company’s stock valued at $743,000 after buying an additional 873 shares during the period. Lazard Asset Management LLC bought a new stake in Orion Engineered Carbons in the 2nd quarter valued at $26,000. Bank of New York Mellon Corp increased its holdings in Orion Engineered Carbons by 1.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 243,845 shares of the specialty chemicals company’s stock valued at $3,255,000 after buying an additional 2,521 shares during the period. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in Orion Engineered Carbons by 20.6% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 15,292 shares of the specialty chemicals company’s stock valued at $244,000 after buying an additional 2,615 shares during the period. Institutional investors own 91.98% of the company’s stock.

Orion Engineered Carbons Stock Down 2.8 %

Shares of NYSE:OEC opened at $24.13 on Friday. Orion Engineered Carbons S.A. has a 52 week low of $12.87 and a 52 week high of $26.91. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.91 and a current ratio of 1.41. The company’s fifty day moving average is $22.45 and its 200-day moving average is $18.67. The company has a market capitalization of $1.45 billion, a PE ratio of 13.87 and a beta of 1.65.

Orion Engineered Carbons (NYSE:OEC – Get Rating) last issued its earnings results 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 company had revenue of $462.10 million for the quarter, compared to the consensus estimate of $441.89 million. Orion Engineered Carbons had a net margin of 5.23% and a return on equity of 28.89%. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.16 EPS. Equities research analysts predict that Orion Engineered Carbons S.A. will post 2.58 earnings per share for the current fiscal year.

Orion Engineered Carbons Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 5th. Investors of record on Tuesday, March 21st will be given a dividend of $0.0207 per share. The ex-dividend date of this dividend is Monday, March 20th. This represents a $0.08 annualized dividend and a yield of 0.34%. Orion Engineered Carbons’s dividend payout ratio (DPR) is 4.60%.

Insider Buying and Selling

In related news, VP Carlos Quinones purchased 3,800 shares of Orion Engineered Carbons stock in a transaction that occurred on Monday, March 13th. The shares were acquired at an average price of $23.98 per share, for a total transaction of $91,124.00. Following the transaction, the vice president now directly owns 52,335 shares in the company, valued at $1,254,993.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Jeffrey Glajch purchased 10,000 shares of Orion Engineered Carbons stock in a transaction that occurred on Wednesday, March 15th. The shares were acquired at an average price of $23.82 per share, for a total transaction of $238,200.00. Following the transaction, the chief financial officer now directly owns 60,666 shares in the company, valued at $1,445,064.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Carlos Quinones purchased 3,800 shares of Orion Engineered Carbons stock in a transaction that occurred on Monday, March 13th. The shares were bought at an average price of $23.98 per share, for a total transaction of $91,124.00. Following the transaction, the vice president now owns 52,335 shares in the company, valued at $1,254,993.30. The disclosure for this purchase can be found here. 1.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group boosted their price target on shares of Orion Engineered Carbons from $23.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, January 11th. TheStreet raised shares of Orion Engineered Carbons from a “c+” rating to a “b-” rating in a report on Tuesday, January 31st. StockNews.com assumed coverage on shares of Orion Engineered Carbons in a research note on Thursday. They issued a “buy” rating on the stock. Finally, Credit Suisse Group assumed coverage on shares of Orion Engineered Carbons in a research note on Monday, March 13th. They issued an “outperform” rating and a $31.00 target price on the stock.

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.