Rhumbline Advisers Acquires 4,334 Shares of Orion S.A. $OEC

Rhumbline Advisers raised its holdings in shares of Orion S.A. (NYSE:OEC) by 5.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,511 shares of the specialty chemicals company’s stock after purchasing an additional 4,334 shares during the period. Rhumbline Advisers owned 0.15% of Orion worth $1,080,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new stake in Orion in the first quarter valued at $4,019,000. Invenomic Capital Management LP acquired a new stake in shares of Orion during the 1st quarter worth approximately $3,125,000. Nuveen LLC acquired a new stake in shares of Orion during the 1st quarter worth approximately $2,723,000. GSA Capital Partners LLP increased its holdings in Orion by 480.2% in the 1st quarter. GSA Capital Partners LLP now owns 218,989 shares of the specialty chemicals company’s stock valued at $2,832,000 after purchasing an additional 181,245 shares during the last quarter. Finally, Trexquant Investment LP grew its stake in shares of Orion by 1,380.1% in the first quarter. Trexquant Investment LP now owns 193,365 shares of the specialty chemicals company’s stock worth $2,500,000 after acquiring an additional 180,301 shares in the last quarter. 94.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on OEC shares. Mizuho reaffirmed an “underperform” rating and set a $9.00 price objective on shares of Orion in a research report on Friday, September 12th. Zacks Research upgraded shares of Orion to a “strong sell” rating in a research note on Tuesday, August 12th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $9.00 price target (down from $10.00) on shares of Orion in a research note on Monday, August 11th. One research analyst has rated the stock with a Buy rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $11.67.

Orion Trading Down 2.1%

NYSE OEC opened at $8.50 on Friday. Orion S.A. has a 12 month low of $8.42 and a 12 month high of $19.48. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.10 and a quick ratio of 0.64. The company has a market capitalization of $477.28 million, a price-to-earnings ratio of 31.48 and a beta of 1.05. The company’s fifty day moving average price is $10.26 and its two-hundred day moving average price is $11.19.

Orion (NYSE:OEC) last posted its quarterly earnings data on Wednesday, August 6th. The specialty chemicals company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). Orion had a net margin of 0.82% and a return on equity of 16.67%. The company had revenue of $466.40 million for the quarter, compared to the consensus estimate of $475.77 million. During the same quarter last year, the company earned $0.41 earnings per share. The company’s revenue was down 2.2% compared to the same quarter last year. As a group, research analysts predict that Orion S.A. will post 1.73 earnings per share for the current fiscal year.

Orion Dividend Announcement

The company also recently disclosed a interim dividend, which will be paid on Tuesday, January 20th. Investors of record on Friday, December 12th will be given a $0.0207 dividend. The ex-dividend date is Friday, December 12th. This represents a yield of 80.0%. Orion’s dividend payout ratio (DPR) is currently 29.63%.

Orion 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.