AQR Capital Management LLC Has $4.61 Million Stake in Orion S.A. (NYSE:OEC)

AQR Capital Management LLC lifted its holdings in shares of Orion S.A. (NYSE:OEC) by 16.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 209,931 shares of the specialty chemicals company’s stock after purchasing an additional 29,152 shares during the quarter. AQR Capital Management LLC owned 0.36% of Orion worth $4,606,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of OEC. O Shaughnessy Asset Management LLC boosted its stake in Orion by 315.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 54,494 shares of the specialty chemicals company’s stock worth $1,282,000 after purchasing an additional 41,372 shares during the period. Mutual of America Capital Management LLC grew its holdings in shares of Orion by 94.9% during the first quarter. Mutual of America Capital Management LLC now owns 270,832 shares of the specialty chemicals company’s stock worth $6,370,000 after buying an additional 131,902 shares in the last quarter. BNP Paribas Financial Markets raised its position in Orion by 51.8% in the 1st quarter. BNP Paribas Financial Markets now owns 67,503 shares of the specialty chemicals company’s stock valued at $1,588,000 after buying an additional 23,026 shares during the last quarter. Vanguard Group Inc. raised its position in Orion by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 1,807,942 shares of the specialty chemicals company’s stock valued at $42,523,000 after buying an additional 77,952 shares during the last quarter. Finally, SIR Capital Management L.P. acquired a new position in Orion during the 2nd quarter worth approximately $3,992,000. Institutional investors own 94.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on OEC shares. JPMorgan Chase & Co. lowered their price objective on shares of Orion from $24.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. StockNews.com lowered shares of Orion from a “buy” rating to a “hold” rating in a research note on Wednesday.

Orion Stock Up 2.3 %

NYSE:OEC opened at $16.85 on Friday. Orion S.A. has a twelve month low of $15.54 and a twelve month high of $28.48. The firm has a market capitalization of $982.49 million, a price-to-earnings ratio of 11.39 and a beta of 1.46. The company has a quick ratio of 0.80, a current ratio of 1.39 and a debt-to-equity ratio of 1.31. The stock’s 50 day moving average price is $17.83 and its two-hundred day moving average price is $21.62.

Orion (NYSE:OEC) last issued its earnings results on Thursday, August 1st. The specialty chemicals company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.18). The firm had revenue of $477.00 million for the quarter, compared to analyst estimates of $491.14 million. Orion had a return on equity of 19.21% and a net margin of 4.09%. Orion’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Equities research analysts expect that Orion S.A. will post 1.85 earnings per share for the current fiscal year.

Orion Increases Dividend

The company also recently announced 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. This is an increase from Orion’s previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a yield of 0.50%. The ex-dividend date is Friday, December 13th. Orion’s dividend payout ratio (DPR) is 5.41%.

Insider Buying and Selling

In other Orion news, CEO Corning F. Painter acquired 10,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was bought at an average cost of $17.69 per share, with a total value of $176,900.00. Following the completion of the transaction, the chief executive officer now directly owns 958,776 shares in the company, valued at approximately $16,960,747.44. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Orion news, CEO Corning F. Painter purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were acquired at an average price of $17.69 per share, for a total transaction of $176,900.00. Following the purchase, the chief executive officer now owns 958,776 shares in the company, valued at approximately $16,960,747.44. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dan F. Smith purchased 2,500 shares of the business’s stock in a transaction on Friday, August 9th. The shares were acquired at an average cost of $18.53 per share, with a total value of $46,325.00. Following the acquisition, the director now directly owns 78,772 shares in the company, valued at approximately $1,459,645.16. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 47,500 shares of company stock worth $845,225. Company insiders own 6.30% of the company’s stock.

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.