Two Sigma Investments LP Purchases Shares of 24,170 Orion S.A. (NYSE:OEC)

Two Sigma Investments LP acquired a new position in Orion S.A. (NYSE:OEC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 24,170 shares of the specialty chemicals company's stock, valued at approximately $382,000.

Several other large investors have also recently added to or reduced their stakes in OEC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Orion by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,760 shares of the specialty chemicals company's stock worth $517,000 after purchasing an additional 1,164 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of Orion by 5.9% in the 4th quarter. MetLife Investment Management LLC now owns 35,294 shares of the specialty chemicals company's stock valued at $557,000 after purchasing an additional 1,954 shares during the period. Rhumbline Advisers lifted its position in shares of Orion by 2.9% in the fourth quarter. Rhumbline Advisers now owns 79,177 shares of the specialty chemicals company's stock worth $1,250,000 after purchasing an additional 2,245 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Orion by 19.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,577 shares of the specialty chemicals company's stock worth $357,000 after purchasing an additional 3,630 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of Orion by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 16,214 shares of the specialty chemicals company's stock valued at $256,000 after purchasing an additional 5,335 shares during the period. Institutional investors and hedge funds own 94.33% of the company's stock.

Orion Stock Down 3.3%

Shares of Orion stock traded down $0.37 during trading hours on Friday, reaching $10.92. The company's stock had a trading volume of 572,996 shares, compared to its average volume of 555,561. Orion S.A. has a one year low of $9.59 and a one year high of $24.85. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.71 and a current ratio of 1.24. The stock's fifty day simple moving average is $11.43 and its two-hundred day simple moving average is $13.64. The company has a market capitalization of $614.47 million, a P/E ratio of 14.56 and a beta of 1.10.

Orion (NYSE:OEC - Get Free Report) last announced its earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.31). Orion had a net margin of 2.35% and a return on equity of 20.94%. The business had revenue of $477.70 million for the quarter, compared to analysts' expectations of $486.06 million. During the same period in the prior year, the business earned $0.52 earnings per share. The company's revenue for the quarter was down 5.0% compared to the same quarter last year. On average, research analysts forecast that Orion S.A. will post 1.73 earnings per share for the current year.

Orion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be issued a $0.0207 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Wednesday, June 11th. Orion's payout ratio is 17.39%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on OEC. UBS Group dropped their target price on Orion from $18.00 to $17.00 and set a "buy" rating for the company in a report on Thursday, May 8th. JPMorgan Chase & Co. cut Orion from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $18.00 to $12.00 in a report on Thursday, April 24th.

Orion 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.