UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stock Position in Orion S.A. (NYSE:OEC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Orion S.A. (NYSE:OEC) by 17.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,133 shares of the specialty chemicals company’s stock after selling 19,396 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.16% of Orion worth $1,623,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of OEC. CWM LLC raised its position in Orion by 207.0% during the 2nd quarter. CWM LLC now owns 2,094 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 1,412 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Orion during the second quarter valued at approximately $54,000. nVerses Capital LLC bought a new position in shares of Orion during the third quarter valued at approximately $69,000. Quarry LP lifted its stake in Orion by 76.9% in the second quarter. Quarry LP now owns 4,776 shares of the specialty chemicals company’s stock worth $105,000 after acquiring an additional 2,076 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in Orion in the second quarter valued at $140,000. 94.33% of the stock is owned by institutional investors.

Orion Stock Performance

Shares of Orion stock opened at $17.07 on Tuesday. Orion S.A. has a 12 month low of $14.94 and a 12 month high of $28.48. The firm has a market capitalization of $985.28 million, a P/E ratio of 32.21 and a beta of 1.51. 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 business has a fifty day simple moving average of $17.14 and a two-hundred day simple moving average of $19.04.

Orion (NYSE:OEC) last issued its quarterly earnings results on Thursday, November 7th. The specialty chemicals company reported $0.47 earnings per share (EPS) 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 net margin of 1.67% and a return on equity of 18.97%. On average, equities analysts forecast that Orion S.A. will post 1.68 earnings per share for the current fiscal year.

Orion Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Friday, December 13th will be paid a $0.021 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.49%. This is an increase from Orion’s previous quarterly dividend of $0.02. Orion’s dividend payout ratio is presently 15.09%.

Analysts Set New Price Targets

Several brokerages have commented on OEC. StockNews.com lowered shares of Orion from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. raised shares of Orion from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $20.00 to $21.00 in a research note on Monday, November 11th.

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.