Victory Capital Management Inc. Has $18.03 Million Stock Holdings in Orion S.A. (NYSE:OEC)

Victory Capital Management Inc. reduced its position in Orion S.A. (NYSE:OEC) by 3.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,141,875 shares of the specialty chemicals company’s stock after selling 37,306 shares during the period. Victory Capital Management Inc. owned 1.98% of Orion worth $18,030,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in Orion by 9.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 960,349 shares of the specialty chemicals company’s stock worth $15,164,000 after purchasing an additional 85,074 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Orion by 414.7% in the 4th quarter. New York State Common Retirement Fund now owns 239,693 shares of the specialty chemicals company’s stock valued at $3,785,000 after purchasing an additional 193,126 shares during the last quarter. Secured Retirement Advisors LLC acquired a new stake in shares of Orion during the 4th quarter worth approximately $1,212,000. Rhumbline Advisers raised its stake in shares of Orion by 2.9% during the fourth quarter. Rhumbline Advisers now owns 79,177 shares of the specialty chemicals company’s stock worth $1,250,000 after buying an additional 2,245 shares during the last quarter. Finally, Carnegie Lake Advisors LLC lifted its holdings in Orion by 72.1% in the fourth quarter. Carnegie Lake Advisors LLC now owns 69,461 shares of the specialty chemicals company’s stock valued at $1,097,000 after buying an additional 29,100 shares during the period. Institutional investors own 94.33% of the company’s stock.

Orion Stock Down 0.5 %

Shares of NYSE OEC opened at $13.31 on Wednesday. The firm has a 50 day moving average price of $14.41 and a 200 day moving average price of $16.09. 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 $753.89 million, a P/E ratio of 17.74 and a beta of 1.52. Orion S.A. has a 52-week low of $12.56 and a 52-week high of $26.05.

Orion (NYSE:OEC) last released its quarterly earnings data on Wednesday, February 19th. The specialty chemicals company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.10. The business had revenue of $434.20 million during the quarter, compared to analysts’ expectations of $437.03 million. Orion had a net margin of 2.35% and a return on equity of 20.94%. Analysts expect that Orion S.A. will post 1.73 EPS for the current year.

Orion Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.0207 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, March 13th. Orion’s dividend payout ratio (DPR) is presently 10.67%.

Wall Street Analyst Weigh In

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

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.