Janney Montgomery Scott LLC Raises Holdings in Orion S.A. (NYSE:OEC)

Janney Montgomery Scott LLC increased its position in shares of Orion S.A. (NYSE:OEC) by 24.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,163 shares of the specialty chemicals company’s stock after purchasing an additional 8,321 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.07% of Orion worth $751,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in OEC. American Century Companies Inc. increased its position in shares of Orion by 18.6% during the second quarter. American Century Companies Inc. now owns 1,347,138 shares of the specialty chemicals company’s stock worth $29,556,000 after purchasing an additional 210,990 shares in the last quarter. SIR Capital Management L.P. purchased a new stake in Orion in the 2nd quarter valued at $3,992,000. Roubaix Capital LLC grew its holdings in Orion by 68.2% in the 3rd quarter. Roubaix Capital LLC now owns 308,303 shares of the specialty chemicals company’s stock valued at $5,491,000 after buying an additional 124,986 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in Orion by 92.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 227,539 shares of the specialty chemicals company’s stock valued at $4,992,000 after buying an additional 109,599 shares in the last quarter. Finally, William Blair Investment Management LLC grew its holdings in Orion by 3.8% in the 2nd quarter. William Blair Investment Management LLC now owns 2,724,139 shares of the specialty chemicals company’s stock valued at $59,768,000 after buying an additional 99,613 shares in the last quarter. 94.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Corning F. Painter bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were purchased at an average price of $17.69 per share, with a total value of $176,900.00. Following the purchase, the chief executive officer now owns 958,776 shares in the company, valued at approximately $16,960,747.44. The trade was a 1.05 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.20% of the stock is owned by corporate insiders.

Orion Stock Performance

NYSE OEC opened at $17.72 on Monday. The stock has a market cap of $1.02 billion, a PE ratio of 33.43 and a beta of 1.48. The company has a current ratio of 1.24, a quick ratio of 0.80 and a debt-to-equity ratio of 1.42. Orion S.A. has a twelve month low of $14.94 and a twelve month high of $28.48. The stock has a fifty day simple moving average of $16.62 and a 200-day simple moving average of $20.06.

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

Orion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Friday, December 13th will be paid a dividend of $0.021 per share. This is a positive change from Orion’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.08 annualized dividend and a yield of 0.47%. Orion’s dividend payout ratio is presently 15.09%.

Analyst Ratings Changes

Several brokerages have issued reports on OEC. JPMorgan Chase & Co. upgraded Orion from a “neutral” rating to an “overweight” rating and upped their target price for the company from $20.00 to $21.00 in a 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 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.