Barclays PLC Acquires 72,793 Shares of Orion S.A. (NYSE:OEC)

Barclays PLC raised its stake in Orion S.A. (NYSE:OEC) by 320.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,512 shares of the specialty chemicals company’s stock after purchasing an additional 72,793 shares during the quarter. Barclays PLC owned approximately 0.17% of Orion worth $1,700,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Pzena Investment Management LLC grew its stake in shares of Orion by 35.4% in the third quarter. Pzena Investment Management LLC now owns 3,647,985 shares of the specialty chemicals company’s stock valued at $64,971,000 after buying an additional 954,398 shares in the last quarter. Foundry Partners LLC bought a new stake in shares of Orion during the third quarter worth approximately $4,620,000. American Century Companies Inc. lifted its holdings in Orion by 18.6% during the 2nd 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 during the last quarter. Victory Capital Management Inc. boosted its holdings in Orion by 20.2% in the 3rd quarter. Victory Capital Management Inc. now owns 1,179,181 shares of the specialty chemicals company’s stock valued at $21,001,000 after purchasing an additional 198,182 shares during the period. Finally, SIR Capital Management L.P. acquired a new position in Orion in the 2nd quarter valued at $3,992,000. Institutional investors and hedge funds own 94.33% of the company’s stock.

Wall Street Analysts Forecast Growth

OEC has been the topic of several recent analyst reports. StockNews.com lowered Orion from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. raised Orion from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $20.00 to $21.00 in a research note on Monday, November 11th.

Orion Price Performance

Shares of OEC opened at $15.67 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’s fifty day moving average is $16.91 and its 200 day moving average is $18.59. The stock has a market cap of $904.47 million, a P/E ratio of 29.57 and a beta of 1.51. Orion S.A. has a 12-month low of $14.94 and a 12-month high of $28.35.

Orion (NYSE:OEC) last released its 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 business had revenue of $463.40 million during the quarter, compared to the consensus estimate of $489.01 million. Orion had a net margin of 1.67% and a return on equity of 18.97%. Sell-side analysts anticipate that Orion S.A. will post 1.68 earnings per share for the current fiscal year.

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.