Barclays PLC Grows Stock Holdings in Orion S.A. (NYSE:OEC)

Barclays PLC grew its holdings in Orion S.A. (NYSE:OEC - Free Report) by 320.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,512 shares of the specialty chemicals company's stock after buying an additional 72,793 shares during the quarter. Barclays PLC owned about 0.17% of Orion worth $1,700,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of OEC. Public Employees Retirement System of Ohio purchased a new stake in shares of Orion during the 3rd quarter worth $27,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Orion in the second quarter valued at about $54,000. nVerses Capital LLC acquired a new position in Orion during the third quarter worth about $69,000. Point72 DIFC Ltd increased its holdings in Orion by 1,578.7% in the third quarter. Point72 DIFC Ltd now owns 4,415 shares of the specialty chemicals company's stock valued at $79,000 after buying an additional 4,152 shares in the last quarter. Finally, Quarry LP lifted its position in shares of Orion by 76.9% during the 2nd quarter. Quarry LP now owns 4,776 shares of the specialty chemicals company's stock valued at $105,000 after acquiring an additional 2,076 shares during the period. 94.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Orion Price Performance

Orion stock traded down $0.03 during mid-day trading on Friday, hitting $14.66. 507,903 shares of the company were exchanged, compared to its average volume of 419,434. Orion S.A. has a 12-month low of $14.07 and a 12-month high of $26.05. The company has a market capitalization of $846.18 million, a P/E ratio of 27.66 and a beta of 1.53. The business's 50 day simple moving average is $16.83 and its two-hundred day simple moving average is $17.98. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.24 and a quick ratio of 0.71.

Orion (NYSE:OEC - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The specialty chemicals company reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06). The company had revenue of $463.40 million for the quarter, compared to analysts' expectations of $489.01 million. Orion had a return on equity of 18.97% and a net margin of 1.67%. Analysts forecast that Orion S.A. will post 1.68 earnings per share for the current fiscal year.

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.