Sandra Niewiem Sells 8,305 Shares of Orion S.A. (NYSE:OEC) Stock

Orion S.A. (NYSE:OECGet Free Report) VP Sandra Niewiem sold 8,305 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $24.21, for a total transaction of $201,064.05. Following the completion of the transaction, the vice president now directly owns 14,099 shares in the company, valued at approximately $341,336.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Orion Price Performance

Shares of NYSE OEC opened at $23.56 on Friday. The firm has a market capitalization of $1.37 billion, a PE ratio of 15.92 and a beta of 1.60. Orion S.A. has a fifty-two week low of $19.32 and a fifty-two week high of $28.48. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.85 and a current ratio of 1.45. The stock’s 50-day simple moving average is $24.41 and its 200-day simple moving average is $24.10.

Orion (NYSE:OECGet Free Report) last posted its earnings results on Thursday, May 2nd. The specialty chemicals company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.11). Orion had a net margin of 4.64% and a return on equity of 21.07%. The company had revenue of $502.90 million during the quarter, compared to analysts’ expectations of $506.38 million. During the same period last year, the business earned $0.74 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. As a group, equities research analysts forecast that Orion S.A. will post 2.13 EPS for the current fiscal year.

Orion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 11th will be given a dividend of $0.021 per share. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.36%. Orion’s dividend payout ratio (DPR) is presently 5.41%.

Analyst Ratings Changes

OEC has been the subject of several research reports. Mizuho lifted their target price on shares of Orion from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. raised shares of Orion from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Get Our Latest Stock Analysis on OEC

Institutional Trading of Orion

Several institutional investors and hedge funds have recently bought and sold shares of OEC. Bourgeon Capital Management LLC purchased a new stake in shares of Orion in the fourth quarter valued at about $28,000. Lazard Asset Management LLC grew its stake in shares of Orion by 1,375.1% in the 1st quarter. Lazard Asset Management LLC now owns 3,791 shares of the specialty chemicals company’s stock valued at $89,000 after purchasing an additional 3,534 shares during the last quarter. Mendota Financial Group LLC acquired a new position in shares of Orion in the first quarter valued at approximately $104,000. Covestor Ltd raised its stake in shares of Orion by 9.3% during the third quarter. Covestor Ltd now owns 5,706 shares of the specialty chemicals company’s stock worth $121,000 after purchasing an additional 485 shares during the last quarter. Finally, Teza Capital Management LLC acquired a new stake in shares of Orion during the third quarter worth $208,000. Hedge funds and other institutional investors own 94.33% of the company’s stock.

Orion Company Profile

(Get Free Report)

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.

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