Orion S.A. (NYSE:OEC) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in shares of Orion S.A. (NYSE:OEC) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 960,349 shares of the specialty chemicals company’s stock after buying an additional 85,074 shares during the period. Charles Schwab Investment Management Inc. owned about 1.66% of Orion worth $15,164,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jane Street Group LLC lifted its position in Orion by 148.2% during the third quarter. Jane Street Group LLC now owns 151,205 shares of the specialty chemicals company’s stock valued at $2,693,000 after buying an additional 90,292 shares in the last quarter. Foundry Partners LLC purchased a new stake in shares of Orion during the third quarter valued at approximately $4,620,000. Barclays PLC raised its stake in shares of Orion by 320.4% during the third quarter. Barclays PLC now owns 95,512 shares of the specialty chemicals company’s stock valued at $1,700,000 after purchasing an additional 72,793 shares during the period. Geode Capital Management LLC raised its stake in shares of Orion by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,301,158 shares of the specialty chemicals company’s stock valued at $23,178,000 after purchasing an additional 5,378 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in shares of Orion by 86.6% during the third quarter. Thrivent Financial for Lutherans now owns 75,867 shares of the specialty chemicals company’s stock valued at $1,352,000 after purchasing an additional 35,207 shares during the period. 94.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OEC has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Orion from $21.00 to $18.00 and set an “overweight” rating on the stock in a research note on Friday, February 21st. UBS Group dropped their price objective on shares of Orion from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th.

Orion Stock Down 0.2 %

Shares of NYSE:OEC opened at $13.84 on Friday. 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 company has a fifty day simple moving average of $14.16 and a 200 day simple moving average of $15.88. The firm has a market cap of $783.81 million, a PE ratio of 18.45 and a beta of 1.52. Orion S.A. has a 12-month low of $12.51 and a 12-month high of $26.05.

Orion (NYSE:OEC) last issued its quarterly earnings results on Wednesday, February 19th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.10. The business had revenue of $434.20 million during the quarter, compared to analyst estimates of $437.03 million. Orion had a net margin of 2.35% and a return on equity of 20.94%. On average, equities research analysts anticipate that Orion S.A. will post 1.73 EPS for the current fiscal year.

Orion Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 13th will be issued a $0.0207 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Thursday, March 13th. Orion’s dividend payout ratio is presently 10.67%.

Insiders Place Their Bets

In other Orion news, VP Carlos Quinones acquired 3,300 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $13.07 per share, with a total value of $43,131.00. Following the completion of the acquisition, the vice president now directly owns 79,702 shares in the company, valued at $1,041,705.14. This trade represents a 4.32 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

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.