Charles Schwab Investment Management Inc. Acquires 34,183 Shares of Orion S.A. (NYSE:OEC)

Charles Schwab Investment Management Inc. boosted its position in shares of Orion S.A. (NYSE:OEC - Free Report) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 875,275 shares of the specialty chemicals company's stock after acquiring an additional 34,183 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.50% of Orion worth $15,589,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. SummerHaven Investment Management LLC increased its stake in shares of Orion by 1.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 34,371 shares of the specialty chemicals company's stock worth $754,000 after purchasing an additional 625 shares in the last quarter. Inspire Investing LLC increased its position in Orion by 4.8% in the second quarter. Inspire Investing LLC now owns 16,040 shares of the specialty chemicals company's stock worth $352,000 after buying an additional 738 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Orion by 7.7% in the second quarter. Mackenzie Financial Corp now owns 11,949 shares of the specialty chemicals company's stock worth $262,000 after buying an additional 850 shares during the period. Summit Global Investments lifted its position in shares of Orion by 1.9% during the 2nd quarter. Summit Global Investments now owns 48,291 shares of the specialty chemicals company's stock valued at $1,060,000 after buying an additional 891 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Orion by 6.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 21,674 shares of the specialty chemicals company's stock worth $476,000 after acquiring an additional 1,339 shares in the last quarter. 94.33% of the stock is owned by hedge funds and other institutional investors.

Orion Trading Up 1.8 %

OEC traded up $0.32 on Friday, hitting $17.98. The company had a trading volume of 302,779 shares, compared to its average volume of 599,190. The business's fifty day simple moving average is $17.07 and its 200 day simple moving average is $19.33. Orion S.A. has a 12-month low of $14.94 and a 12-month high of $28.48. The company has a market cap of $1.04 billion, a PE ratio of 33.92 and a beta of 1.51. The company has a quick ratio of 0.71, a current ratio of 1.24 and a debt-to-equity ratio of 1.42.

Orion (NYSE:OEC - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The specialty chemicals company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.06). Orion had a net margin of 1.67% and a return on equity of 18.97%. The firm had revenue of $463.40 million for the quarter, compared to the consensus estimate of $489.01 million. Equities research analysts expect that Orion S.A. will post 1.68 EPS for the current year.

Orion Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Friday, December 13th will be given a $0.021 dividend. This represents a $0.08 annualized dividend and a yield of 0.47%. This is a boost from Orion's previous quarterly dividend of $0.02. The ex-dividend date is Friday, December 13th. Orion's payout ratio is 15.09%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on OEC shares. StockNews.com cut shares of Orion from a "buy" rating to a "hold" rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. upgraded Orion from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $20.00 to $21.00 in a research report on Monday, November 11th.

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.