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

Invesco Ltd. boosted its position in Orion S.A. (NYSE:OEC) by 2.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,692,299 shares of the specialty chemicals company’s stock after buying an additional 46,939 shares during the period. Invesco Ltd. owned approximately 2.93% of Orion worth $26,721,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC raised its holdings in Orion by 148.2% during the third quarter. Jane Street Group LLC now owns 151,205 shares of the specialty chemicals company’s stock worth $2,693,000 after buying an additional 90,292 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Orion in the 3rd quarter valued at about $27,000. Barclays PLC boosted its stake in Orion by 320.4% during the 3rd quarter. Barclays PLC now owns 95,512 shares of the specialty chemicals company’s stock valued at $1,700,000 after purchasing an additional 72,793 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Orion by 0.4% in the third quarter. Geode Capital Management LLC now owns 1,301,158 shares of the specialty chemicals company’s stock worth $23,178,000 after purchasing an additional 5,378 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Orion by 3.2% in the third quarter. Franklin Resources Inc. now owns 57,672 shares of the specialty chemicals company’s stock valued at $984,000 after purchasing an additional 1,775 shares in the last quarter. 94.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OEC has been the topic of a number of analyst reports. UBS Group cut their price objective on shares of Orion from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. JPMorgan Chase & Co. dropped their target price on shares of Orion from $21.00 to $18.00 and set an “overweight” rating on the stock in a research note on Friday, February 21st.

Orion Stock Performance

NYSE OEC opened at $11.89 on Friday. The firm has a market cap of $673.79 million, a P/E ratio of 15.86 and a beta of 1.25. The company’s 50 day moving average is $13.15 and its 200-day moving average is $15.13. Orion S.A. has a 12-month low of $10.50 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.

Orion (NYSE:OEC) last issued its quarterly earnings data on Wednesday, February 19th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $437.03 million. Sell-side analysts predict that Orion S.A. will post 1.73 earnings per share for the current year.

Orion Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 13th were paid a $0.0207 dividend. This represents a $0.08 annualized dividend and a yield of 0.70%. The ex-dividend date was Thursday, March 13th. Orion’s dividend payout ratio is presently 10.67%.

Insider Buying and Selling at Orion

In related news, VP Carlos Quinones bought 3,300 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.20% of the company’s stock.

Orion Company Profile

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.