Orion S.A. (NYSE:OEC) Shares Bought by Barclays PLC

Barclays PLC lifted its stake in Orion S.A. (NYSE:OEC) by 320.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,512 shares of the specialty chemicals company’s stock after buying an additional 72,793 shares during the period. Barclays PLC owned approximately 0.17% of Orion worth $1,700,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new position in Orion in the 3rd quarter worth approximately $27,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Orion during the second quarter worth $54,000. nVerses Capital LLC purchased a new position in shares of Orion in the third quarter valued at $69,000. Point72 DIFC Ltd grew its holdings in Orion by 1,578.7% during the 3rd quarter. Point72 DIFC Ltd now owns 4,415 shares of the specialty chemicals company’s stock valued at $79,000 after purchasing an additional 4,152 shares in the last quarter. Finally, Quarry LP increased its stake in Orion by 76.9% during the 2nd quarter. Quarry LP now owns 4,776 shares of the specialty chemicals company’s stock worth $105,000 after buying an additional 2,076 shares during the period. Institutional investors and hedge funds own 94.33% of the company’s stock.

Orion Trading Down 0.2 %

OEC opened at $14.66 on Friday. Orion S.A. has a 12-month low of $14.07 and a 12-month high of $26.05. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.24 and a quick ratio of 0.71. The stock has a market capitalization of $846.18 million, a PE ratio of 27.66 and a beta of 1.53. The firm’s fifty day moving average price is $16.83 and its 200 day moving average price is $18.01.

Orion (NYSE:OEC) last issued its 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 company had revenue of $463.40 million during the quarter, compared to analyst estimates of $489.01 million. Orion had a net margin of 1.67% and a return on equity of 18.97%. As a group, research analysts expect that Orion S.A. will post 1.68 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on OEC. JPMorgan Chase & Co. raised shares of Orion from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $20.00 to $21.00 in a research report on Monday, November 11th. StockNews.com downgraded Orion from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th.

About Orion

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.