Franklin Resources Inc. Has $984,000 Position in Orion S.A. (NYSE:OEC)

Franklin Resources Inc. grew its position in shares of Orion S.A. (NYSE:OEC) by 3.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,672 shares of the specialty chemicals company’s stock after purchasing an additional 1,775 shares during the quarter. Franklin Resources Inc. owned approximately 0.10% of Orion worth $984,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in Orion during the 3rd quarter worth approximately $27,000. DekaBank Deutsche Girozentrale bought a new position in shares of Orion during the second quarter valued at $54,000. nVerses Capital LLC acquired a new position in shares of Orion during the third quarter worth $69,000. Point72 DIFC Ltd grew its stake in shares of Orion by 1,578.7% in the third quarter. Point72 DIFC Ltd now owns 4,415 shares of the specialty chemicals company’s stock worth $79,000 after purchasing an additional 4,152 shares during the last quarter. Finally, Quarry LP increased its holdings in Orion by 76.9% in the second quarter. Quarry LP now owns 4,776 shares of the specialty chemicals company’s stock valued at $105,000 after purchasing an additional 2,076 shares during the period. 94.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on OEC shares. JPMorgan Chase & Co. upgraded Orion from a “neutral” rating to an “overweight” rating and upped their price target for the company from $20.00 to $21.00 in a research report on Monday, November 11th. StockNews.com cut Orion from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th.

Orion Stock Performance

Shares of Orion stock opened at $15.67 on Friday. The business has a 50-day moving average price of $16.91 and a two-hundred day moving average price of $18.56. Orion S.A. has a 1-year low of $14.94 and a 1-year high of $28.35. The company has a current ratio of 1.24, a quick ratio of 0.71 and a debt-to-equity ratio of 1.42. The company has a market cap of $904.47 million, a P/E ratio of 29.57 and a beta of 1.51.

Orion (NYSE:OEC) last released its earnings results on Thursday, November 7th. The specialty chemicals company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.06). Orion had a return on equity of 18.97% and a net margin of 1.67%. The business had revenue of $463.40 million for the quarter, compared to analyst estimates of $489.01 million. As a group, analysts anticipate that Orion S.A. will post 1.68 EPS for the current year.

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.