Invesco Ltd. Has $26.72 Million Holdings in Orion S.A. (NYSE:OEC)

Invesco Ltd. boosted its holdings in shares of Orion S.A. (NYSE:OEC - Free Report) by 2.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,692,299 shares of the specialty chemicals company's stock after acquiring an additional 46,939 shares during the quarter. Invesco Ltd. owned 2.93% of Orion worth $26,721,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new position in shares of Orion during the 3rd quarter valued at $27,000. KLP Kapitalforvaltning AS purchased a new position in Orion in the fourth quarter valued at about $171,000. Trexquant Investment LP acquired a new position in Orion in the 4th quarter worth about $206,000. SG Americas Securities LLC raised its stake in shares of Orion by 18.0% during the 4th quarter. SG Americas Securities LLC now owns 23,911 shares of the specialty chemicals company's stock worth $378,000 after purchasing an additional 3,646 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in shares of Orion by 9.2% during the 4th quarter. Inspire Investing LLC now owns 25,351 shares of the specialty chemicals company's stock valued at $400,000 after buying an additional 2,138 shares during the last quarter. Hedge funds and other institutional investors own 94.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on OEC shares. JPMorgan Chase & Co. reduced their target price on shares of Orion from $21.00 to $18.00 and set an "overweight" rating for the company in a research note on Friday, February 21st. UBS Group decreased their price objective 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.

Orion Stock Performance

Orion stock traded down $0.03 during trading hours on Wednesday, hitting $12.17. The stock had a trading volume of 188,032 shares, compared to its average volume of 506,700. Orion S.A. has a fifty-two week low of $10.50 and a fifty-two week high of $26.05. The company has a market cap of $689.20 million, a PE ratio of 16.19 and a beta of 1.25. The company has a 50-day moving average of $13.07 and a two-hundred day moving average of $15.05. 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 earnings results 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. Orion had a return on equity of 20.94% and a net margin of 2.35%. The business had revenue of $434.20 million during the quarter, compared to analyst estimates of $437.03 million. On average, equities research analysts anticipate that Orion S.A. will post 1.73 EPS for the current fiscal year.

Orion Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 13th were given a dividend of $0.0207 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.68%. Orion's dividend payout ratio (DPR) is currently 10.67%.

Insider Activity at Orion

In related news, VP Carlos Quinones purchased 3,300 shares of the stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $13.07 per share, for a total transaction of $43,131.00. Following the completion of the transaction, the vice president now directly owns 79,702 shares of the company's stock, valued at approximately $1,041,705.14. The trade was a 4.32 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by insiders.

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.