Sei Investments Co. Grows Position in Orion S.A. (NYSE:OEC)

Sei Investments Co. increased its position in shares of Orion S.A. (NYSE:OEC) by 2.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 85,016 shares of the specialty chemicals company’s stock after purchasing an additional 2,369 shares during the period. Sei Investments Co. owned approximately 0.15% of Orion worth $1,865,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. William Blair Investment Management LLC boosted its stake in shares of Orion by 3.8% during the 2nd quarter. William Blair Investment Management LLC now owns 2,724,139 shares of the specialty chemicals company’s stock worth $59,768,000 after purchasing an additional 99,613 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Orion by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,877,706 shares of the specialty chemicals company’s stock worth $41,197,000 after purchasing an additional 80,266 shares during the period. Vanguard Group Inc. boosted its stake in shares of 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 purchasing an additional 77,952 shares during the period. 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 valued at $29,556,000 after buying an additional 210,990 shares in the last quarter. Finally, Grizzlyrock Capital LLC bought a new stake in Orion during the 4th quarter valued at about $23,586,000. 94.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OEC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Orion from $24.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. StockNews.com lowered shares of Orion from a “buy” rating to a “hold” rating in a report on Wednesday.

Orion Trading Up 2.3 %

NYSE:OEC opened at $16.85 on Friday. Orion S.A. has a one year low of $15.54 and a one year high of $28.48. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.80 and a current ratio of 1.39. The firm has a market cap of $982.49 million, a P/E ratio of 11.39 and a beta of 1.46. The firm has a 50-day simple moving average of $17.83 and a 200-day simple moving average of $21.62.

Orion (NYSE:OEC) last posted its quarterly earnings data on Thursday, August 1st. The specialty chemicals company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.18). The firm had revenue of $477.00 million for the quarter, compared to the consensus estimate of $491.14 million. Orion had a return on equity of 19.21% and a net margin of 4.09%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 EPS. Equities analysts anticipate that Orion S.A. will post 1.85 EPS for the current fiscal year.

Orion Increases Dividend

The company 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 represents a $0.08 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from Orion’s previous quarterly dividend of $0.02. Orion’s payout ratio is 5.41%.

Insider Buying and Selling

In related news, Director Dan F. Smith bought 2,500 shares of the company’s stock in a transaction on Friday, August 9th. The shares were bought at an average price of $18.53 per share, with a total value of $46,325.00. Following the transaction, the director now owns 78,772 shares in the company, valued at approximately $1,459,645.16. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Dan F. Smith bought 2,500 shares of the company’s stock in a transaction on Friday, August 9th. The shares were bought at an average price of $18.53 per share, with a total value of $46,325.00. Following the transaction, the director now owns 78,772 shares in the company, valued at approximately $1,459,645.16. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffrey Glajch bought 15,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were bought at an average cost of $18.16 per share, for a total transaction of $272,400.00. Following the transaction, the chief financial officer now owns 101,855 shares in the company, valued at $1,849,686.80. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 47,500 shares of company stock worth $845,225 in the last 90 days. 6.30% of the stock is 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.