Orion S.A. (NYSE:OEC) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its position in shares of Orion S.A. (NYSE:OECFree Report) by 86.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,867 shares of the specialty chemicals company’s stock after purchasing an additional 35,207 shares during the period. Thrivent Financial for Lutherans owned approximately 0.13% of Orion worth $1,352,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Orion by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 1,807,942 shares of the specialty chemicals company’s stock worth $42,523,000 after buying an additional 77,952 shares during the period. Lazard Asset Management LLC increased its position in shares of Orion by 1,375.1% during the first quarter. Lazard Asset Management LLC now owns 3,791 shares of the specialty chemicals company’s stock worth $89,000 after acquiring an additional 3,534 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Orion by 13.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,831 shares of the specialty chemicals company’s stock worth $373,000 after acquiring an additional 1,875 shares in the last quarter. CWM LLC lifted its stake in shares of Orion by 207.0% in the second quarter. CWM LLC now owns 2,094 shares of the specialty chemicals company’s stock worth $46,000 after acquiring an additional 1,412 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Orion by 441.1% in the second quarter. SG Americas Securities LLC now owns 59,390 shares of the specialty chemicals company’s stock valued at $1,303,000 after purchasing an additional 48,415 shares during the last quarter. 94.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. StockNews.com cut Orion from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. raised shares of 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 report on Monday, November 11th.

Read Our Latest Research Report on Orion

Orion Stock Up 0.2 %

Shares of Orion stock opened at $18.42 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.24 and a debt-to-equity ratio of 1.42. The business has a 50-day moving average price of $16.92 and a 200 day moving average price of $19.62. Orion S.A. has a fifty-two week low of $14.94 and a fifty-two week high of $28.48. The firm has a market cap of $1.06 billion, a P/E ratio of 34.75 and a beta of 1.48.

Orion (NYSE:OECGet Free Report) last posted its quarterly earnings results on Thursday, November 7th. The specialty chemicals company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.06). The firm had revenue of $463.40 million for the quarter, compared to analyst estimates of $489.01 million. Orion had a net margin of 1.67% and a return on equity of 18.97%. On average, sell-side analysts forecast that Orion S.A. will post 1.68 earnings per share for the current fiscal year.

Orion Increases Dividend

The firm also recently disclosed 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 0.46%. Orion’s dividend payout ratio is 15.09%.

Orion Profile

(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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Institutional Ownership by Quarter for Orion (NYSE:OEC)

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