SG Americas Securities LLC Cuts Holdings in Orion S.A. (NYSE:OEC)

SG Americas Securities LLC decreased its stake in Orion S.A. (NYSE:OEC) by 65.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,265 shares of the specialty chemicals company’s stock after selling 39,125 shares during the period. SG Americas Securities LLC’s holdings in Orion were worth $361,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. increased its stake in Orion by 1.9% in the first quarter. Oppenheimer & Co. Inc. now owns 29,600 shares of the specialty chemicals company’s stock valued at $696,000 after acquiring an additional 550 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of Orion by 1.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 34,371 shares of the specialty chemicals company’s stock worth $754,000 after purchasing an additional 625 shares in the last quarter. Inspire Investing LLC increased its position in shares of Orion by 4.8% during the 2nd quarter. Inspire Investing LLC now owns 16,040 shares of the specialty chemicals company’s stock valued at $352,000 after purchasing an additional 738 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Orion by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 9,956 shares of the specialty chemicals company’s stock valued at $234,000 after purchasing an additional 783 shares during the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Orion by 7.7% during the 2nd quarter. Mackenzie Financial Corp now owns 11,949 shares of the specialty chemicals company’s stock valued at $262,000 after buying an additional 850 shares in the last quarter. Hedge funds and other institutional investors own 94.33% of the company’s stock.

Insider Activity at Orion

In related news, CEO Corning F. Painter purchased 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average price of $17.48 per share, for a total transaction of $349,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 948,776 shares in the company, valued at approximately $16,584,604.48. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Corning F. Painter acquired 10,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was acquired at an average price of $17.69 per share, for a total transaction of $176,900.00. Following the completion of the acquisition, the chief executive officer now owns 958,776 shares in the company, valued at $16,960,747.44. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Corning F. Painter bought 20,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average price of $17.48 per share, for a total transaction of $349,600.00. Following the acquisition, the chief executive officer now owns 948,776 shares in the company, valued at approximately $16,584,604.48. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 47,500 shares of company stock worth $845,225 over the last quarter. 2.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

OEC has been the subject of several research reports. JPMorgan Chase & Co. cut their target price on Orion from $24.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. StockNews.com lowered shares of Orion from a “buy” rating to a “hold” rating in a report on Tuesday.

Orion Trading Down 3.1 %

NYSE:OEC opened at $17.15 on Friday. The firm has a market capitalization of $1.00 billion, a P/E ratio of 12.99 and a beta of 1.46. The company has a quick ratio of 0.80, a current ratio of 1.39 and a debt-to-equity ratio of 1.31. The company has a fifty day moving average of $17.22 and a 200 day moving average of $21.20. Orion S.A. has a 52 week low of $15.54 and a 52 week high of $28.48.

Orion (NYSE:OEC) last issued its quarterly earnings data on Thursday, August 1st. The specialty chemicals company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.18). The firm had revenue of $477.00 million for the quarter, compared to the consensus estimate of $491.14 million. Orion had a net margin of 4.09% and a return on equity of 19.21%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the company posted $0.53 earnings per share. On average, research analysts predict that Orion S.A. will post 1.85 earnings per share for the current year.

Orion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.021 per share. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from Orion’s previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a dividend yield of 0.49%. Orion’s payout ratio is 6.06%.

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.