Orion S.A. (NYSE:OEC) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in Orion S.A. (NYSE:OEC) by 18.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,911 shares of the specialty chemicals company’s stock after acquiring an additional 3,646 shares during the period. SG Americas Securities LLC’s holdings in Orion were worth $378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in OEC. Mackenzie Financial Corp raised its holdings in shares of Orion by 7.7% in the 2nd quarter. Mackenzie Financial Corp now owns 11,949 shares of the specialty chemicals company’s stock valued at $262,000 after buying an additional 850 shares during the period. Meeder Asset Management Inc. raised its stake in Orion by 11.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 13,637 shares of the specialty chemicals company’s stock valued at $243,000 after acquiring an additional 1,396 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Orion during the 3rd quarter valued at approximately $27,000. Franklin Resources Inc. lifted its holdings in shares of Orion by 3.2% in the 3rd quarter. Franklin Resources Inc. now owns 57,672 shares of the specialty chemicals company’s stock valued at $984,000 after buying an additional 1,775 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Orion by 8.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,006 shares of the specialty chemicals company’s stock valued at $636,000 after buying an additional 2,362 shares during the period. Hedge funds and other institutional investors own 94.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on OEC. StockNews.com cut Orion from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. upgraded Orion from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $20.00 to $21.00 in a research note on Monday, November 11th.

Orion Trading Down 3.0 %

NYSE:OEC opened at $13.53 on Tuesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.71 and a current ratio of 1.24. The stock has a market cap of $781.01 million, a price-to-earnings ratio of 25.53 and a beta of 1.50. Orion S.A. has a one year low of $13.32 and a one year high of $26.05. The business’s 50-day simple moving average is $16.10 and its 200 day simple moving average is $17.22.

Orion (NYSE:OEC) last announced its quarterly earnings data on Thursday, November 7th. The specialty chemicals company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.06). The firm 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%. As a group, sell-side analysts predict that Orion S.A. will post 1.63 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.