Jane Street Group LLC Sells 111,206 Shares of Orion S.A. (NYSE:OEC)

Jane Street Group LLC cut its holdings in shares of Orion S.A. (NYSE:OEC - Free Report) by 73.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,999 shares of the specialty chemicals company's stock after selling 111,206 shares during the quarter. Jane Street Group LLC owned approximately 0.07% of Orion worth $632,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MetLife Investment Management LLC lifted its position in Orion by 5.9% during the 4th 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. Inspire Investing LLC raised its holdings in shares of Orion by 9.2% in the 4th quarter. Inspire Investing LLC now owns 25,351 shares of the specialty chemicals company's stock valued at $400,000 after purchasing an additional 2,138 shares during the period. Rhumbline Advisers raised its holdings in shares of Orion by 2.9% in the 4th quarter. Rhumbline Advisers now owns 79,177 shares of the specialty chemicals company's stock valued at $1,250,000 after purchasing an additional 2,245 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Orion by 19.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,577 shares of the specialty chemicals company's stock valued at $357,000 after purchasing an additional 3,630 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Orion by 18.0% in the 4th quarter. SG Americas Securities LLC now owns 23,911 shares of the specialty chemicals company's stock valued at $378,000 after purchasing an additional 3,646 shares during the period. 94.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Orion Price Performance

Orion stock traded down $0.15 during mid-day trading on Friday, reaching $10.90. The company had a trading volume of 770,002 shares, compared to its average volume of 546,998. Orion S.A. has a fifty-two week low of $9.59 and a fifty-two week high of $25.24. The company has a current ratio of 1.24, a quick ratio of 0.71 and a debt-to-equity ratio of 1.42. The company has a market cap of $613.34 million, a P/E ratio of 14.53 and a beta of 1.20. The business has a fifty day simple moving average of $11.65 and a 200 day simple moving average of $14.07.

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

Orion Dividend Announcement

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

Insider Buying and Selling at Orion

In other Orion news, VP Carlos Quinones purchased 3,300 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $13.07 per share, for a total transaction of $43,131.00. Following the completion of the acquisition, the vice president now owns 79,702 shares in the company, valued at approximately $1,041,705.14. This trade represents a 4.32% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.20% of the company's stock.

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.