Morgan Stanley Raises Stake in Orion Engineered Carbons S.A (OEC)

Morgan Stanley increased its stake in Orion Engineered Carbons S.A (NYSE:OEC) by 151.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 517,688 shares of the specialty chemicals company’s stock after buying an additional 311,734 shares during the period. Morgan Stanley owned approximately 0.87% of Orion Engineered Carbons S.A worth $10,613,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in shares of Orion Engineered Carbons S.A by 29.3% in the first quarter. Victory Capital Management Inc. now owns 2,186,017 shares of the specialty chemicals company’s stock valued at $44,813,000 after buying an additional 494,753 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Orion Engineered Carbons S.A by 13.3% in the first quarter. Ameriprise Financial Inc. now owns 1,322,237 shares of the specialty chemicals company’s stock valued at $27,105,000 after buying an additional 155,472 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its stake in shares of Orion Engineered Carbons S.A by 0.6% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 811,346 shares of the specialty chemicals company’s stock valued at $16,633,000 after buying an additional 4,978 shares during the last quarter. Laurion Capital Management LP bought a new position in Orion Engineered Carbons S.A during the first quarter valued at approximately $8,200,000. Finally, MARSHALL WACE ASIA Ltd bought a new position in Orion Engineered Carbons S.A during the first quarter valued at approximately $8,153,000. Institutional investors and hedge funds own 39.11% of the company’s stock.

Shares of Orion Engineered Carbons S.A (NYSE:OEC) opened at 20.15 on Friday. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 21.83 and a beta of 0.51. Orion Engineered Carbons S.A has a one year low of $17.15 and a one year high of $24.55. The company’s 50 day moving average price is $21.08 and its 200 day moving average price is $20.10.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 20th will be given a dividend of $0.169 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Tuesday, September 19th. Orion Engineered Carbons S.A’s dividend payout ratio (DPR) is presently 88.24%.

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Several research firms have recently commented on OEC. Berenberg Bank began coverage on Orion Engineered Carbons S.A in a report on Tuesday, May 16th. They set a “buy” rating and a $26.00 target price for the company. UBS AG reissued a “neutral” rating and issued a $20.00 price objective (down from $21.00) on shares of Orion Engineered Carbons S.A in a report on Friday, May 5th. J P Morgan Chase & Co lowered Orion Engineered Carbons S.A from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $25.00 to $23.00 in a report on Monday, August 7th. Goldman Sachs Group, Inc. (The) raised Orion Engineered Carbons S.A from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Friday, July 14th. Finally, BidaskClub raised Orion Engineered Carbons S.A from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $22.60.

Orion Engineered Carbons S.A Company Profile

Orion Engineered Carbons SA is a producer of carbon black. The Company operates through two segments: Specialty Carbon Black and Rubber Carbon Black. The Specialty Carbon Black segment is engaged in the production of specialty carbon black. The Rubber Carbon Black segment is involved in the production of rubber carbon black.

Institutional Ownership by Quarter for Orion Engineered Carbons S.A (NYSE:OEC)

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