Minneapolis Portfolio Management Group LLC boosted its holdings in shares of Orion S.A. (NYSE:OEC - Free Report) by 20.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,922,698 shares of the specialty chemicals company's stock after buying an additional 320,157 shares during the quarter. Orion makes up approximately 4.0% of Minneapolis Portfolio Management Group LLC's investment portfolio, making the stock its 10th biggest holding. Minneapolis Portfolio Management Group LLC owned about 3.33% of Orion worth $30,359,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its position in shares of Orion by 86.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 75,867 shares of the specialty chemicals company's stock worth $1,352,000 after acquiring an additional 35,207 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Orion during the third quarter valued at about $406,000. Intech Investment Management LLC bought a new stake in shares of Orion in the 3rd quarter valued at about $280,000. Charles Schwab Investment Management Inc. grew its position in shares of Orion by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 875,275 shares of the specialty chemicals company's stock worth $15,589,000 after buying an additional 34,183 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its stake in shares of Orion by 16.0% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 45,559 shares of the specialty chemicals company's stock worth $811,000 after acquiring an additional 6,268 shares in the last quarter. Institutional investors own 94.33% of the company's stock.
Insider Activity
In other news, VP Carlos Quinones acquired 3,300 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $13.07 per share, with a total value of $43,131.00. Following the completion of the acquisition, the vice president now owns 79,702 shares of the company's stock, valued at $1,041,705.14. The trade was a 4.32 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.20% of the company's stock.
Orion Trading Down 3.8 %
NYSE:OEC traded down $0.51 on Friday, reaching $12.96. The company's stock had a trading volume of 389,359 shares, compared to its average volume of 490,621. The firm has a market cap of $734.01 million, a price-to-earnings ratio of 17.27 and a beta of 1.52. Orion S.A. has a 12-month low of $12.51 and a 12-month high of $26.05. The company has a quick ratio of 0.71, a current ratio of 1.24 and a debt-to-equity ratio of 1.42. The stock has a 50 day moving average price of $13.99 and a 200 day moving average price of $15.72.
Orion (NYSE:OEC - Get Free Report) last announced 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. Orion had a net margin of 2.35% and a return on equity of 20.94%. The company had revenue of $434.20 million for the quarter, compared to the consensus estimate of $437.03 million. On average, equities analysts anticipate that Orion S.A. will post 1.73 EPS for the current fiscal year.
Orion Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.0207 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.64%. Orion's dividend payout ratio is presently 10.67%.
Wall Street Analyst Weigh In
OEC has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered 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 target price on shares of Orion from $23.00 to $22.00 and set a "buy" rating for the company in a research report on Thursday, February 20th.
View Our Latest Report on Orion
Orion Profile
(
Free Report)
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.
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