Orion S.A. $OEC Shares Acquired by Carnegie Lake Advisors LLC

Carnegie Lake Advisors LLC grew its stake in shares of Orion S.A. (NYSE:OEC) by 6.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,741 shares of the specialty chemicals company’s stock after acquiring an additional 11,920 shares during the quarter. Carnegie Lake Advisors LLC’s holdings in Orion were worth $2,085,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of OEC. Quarry LP purchased a new stake in Orion during the 1st quarter worth approximately $59,000. CWM LLC lifted its stake in shares of Orion by 831.7% during the first quarter. CWM LLC now owns 6,662 shares of the specialty chemicals company’s stock worth $86,000 after buying an additional 5,947 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Orion during the first quarter worth $137,000. GWN Securities Inc. purchased a new stake in shares of Orion during the second quarter valued at $148,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Orion by 30.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,108 shares of the specialty chemicals company’s stock valued at $169,000 after acquiring an additional 3,046 shares during the period. 94.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Zacks Research raised Orion from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. UBS Group lowered Orion from a “buy” rating to a “neutral” rating and dropped their target price for the company from $12.00 to $7.00 in a research report on Friday, October 17th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $9.00 price target (down previously from $10.00) on shares of Orion in a report on Monday, August 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Orion in a research report on Wednesday, October 8th. Finally, Mizuho set a $6.00 price objective on shares of Orion in a report on Monday, October 20th. Two equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Strong Sell” and an average target price of $7.33.

Orion Stock Up 2.1%

Orion stock opened at $4.60 on Friday. The business’s 50-day moving average price is $7.49 and its 200 day moving average price is $9.72. The company has a quick ratio of 0.64, a current ratio of 1.08 and a debt-to-equity ratio of 1.69. The firm has a market cap of $258.01 million, a price-to-earnings ratio of -7.92 and a beta of 1.07. Orion S.A. has a 52 week low of $4.34 and a 52 week high of $19.48.

Orion (NYSE:OEC) last released its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). The company had revenue of $450.90 million during the quarter, compared to analysts’ expectations of $453.45 million. Orion had a positive return on equity of 14.90% and a negative net margin of 1.74%.The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 EPS. As a group, sell-side analysts anticipate that Orion S.A. will post 1.73 earnings per share for the current year.

Orion Announces Dividend

The company also recently declared a interim dividend, which will be paid on Tuesday, January 20th. Investors of record on Friday, December 12th will be given a dividend of $0.0207 per share. This represents a yield of 80.0%. The ex-dividend date is Friday, December 12th. Orion’s dividend payout ratio (DPR) is currently -13.79%.

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.