Charles Schwab Investment Management Inc. Acquires 69,518 Shares of Orion S.A. $OEC

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Orion S.A. by 7.2%, acquiring an additional 69,518 shares, bringing its total ownership to over 1 million shares valued at approximately $13.3 million.
• Orion S.A. reported a quarterly EPS of $0.32, missing analysts' expectations, with revenues declining 2.2% year-over-year to $466.4 million.
• The company announced an interim dividend of $0.0207 per share, set to be paid on October 8th, which indicates a dividend yield of 80.0% based on its payout ratio of 29.63%.

Charles Schwab Investment Management Inc. boosted its stake in shares of Orion S.A. (NYSE:OEC - Free Report) by 7.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,029,867 shares of the specialty chemicals company's stock after purchasing an additional 69,518 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.83% of Orion worth $13,316,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 valued at $517,000 after purchasing an additional 1,164 shares during the period. MetLife Investment Management LLC increased its position in Orion by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 35,294 shares of the specialty chemicals company's stock worth $557,000 after buying an additional 1,954 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Orion by 30.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,108 shares of the specialty chemicals company's stock worth $169,000 after buying an additional 3,046 shares in the last quarter. Heartland Advisors Inc. boosted its holdings in shares of Orion by 0.8% during the first quarter. Heartland Advisors Inc. now owns 450,000 shares of the specialty chemicals company's stock worth $5,818,000 after purchasing an additional 3,450 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Orion by 19.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,577 shares of the specialty chemicals company's stock valued at $357,000 after acquiring an additional 3,630 shares during the last quarter. Hedge funds and other institutional investors own 94.33% of the company's stock.

Orion Price Performance

Shares of OEC traded down $0.16 during mid-day trading on Thursday, hitting $10.26. 150,953 shares of the company traded hands, compared to its average volume of 597,497. Orion S.A. has a one year low of $9.03 and a one year high of $19.48. The company has a current ratio of 1.10, a quick ratio of 0.64 and a debt-to-equity ratio of 1.46. The business has a 50-day moving average of $10.58 and a 200 day moving average of $11.73. The stock has a market capitalization of $576.32 million, a price-to-earnings ratio of 38.04 and a beta of 1.10.

Orion (NYSE:OEC - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The specialty chemicals company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.04). Orion had a net margin of 0.82% and a return on equity of 16.67%. The company had revenue of $466.40 million for the quarter, compared to the consensus estimate of $475.77 million. During the same period last year, the company earned $0.41 earnings per share. Orion's revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, equities analysts expect that Orion S.A. will post 1.73 earnings per share for the current fiscal year.

Orion Dividend Announcement

The business also recently declared a interim dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Monday, July 7th will be paid a dividend of $0.0207 per share. This represents a dividend yield of 80.0%. The ex-dividend date of this dividend is Monday, July 7th. Orion's dividend payout ratio is 29.63%.

Wall Street Analyst Weigh In

OEC has been the subject of several recent research reports. Zacks Research raised Orion to a "strong sell" rating in a report on Tuesday, August 12th. UBS Group cut their target price on shares of Orion from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Mizuho cut their price objective on shares of Orion from $12.00 to $10.00 and set a "neutral" rating for the company in a research report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $9.00 price target (down previously from $10.00) on shares of Orion in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Orion presently has an average rating of "Reduce" and a consensus target price of $12.00.

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.