Janney Montgomery Scott LLC Takes $377,000 Position in Orion S.A. (NYSE:OEC)

Janney Montgomery Scott LLC purchased a new position in Orion S.A. (NYSE:OEC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,160 shares of the specialty chemicals company's stock, valued at approximately $377,000. Janney Montgomery Scott LLC owned about 0.05% of Orion at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in OEC. Exchange Traded Concepts LLC increased its holdings in shares of Orion by 1,256.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 6,007 shares of the specialty chemicals company's stock worth $78,000 after buying an additional 5,564 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Orion in the 4th quarter worth $159,000. KLP Kapitalforvaltning AS bought a new position in shares of Orion in the 4th quarter worth $171,000. Trexquant Investment LP purchased a new stake in shares of Orion in the 4th quarter valued at $206,000. Finally, Freestone Grove Partners LP purchased a new stake in shares of Orion in the 4th quarter valued at $211,000. Institutional investors own 94.33% of the company's stock.

Analysts Set New Price Targets

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

Orion Trading Up 3.4%

Shares of Orion stock traded up $0.37 during trading on Tuesday, reaching $11.14. The company's stock had a trading volume of 605,151 shares, compared to its average volume of 569,732. Orion S.A. has a 52-week low of $9.59 and a 52-week high of $24.85. The company has a market cap of $626.85 million, a price-to-earnings ratio of 24.22 and a beta of 1.07. The firm's 50-day moving average is $11.00 and its two-hundred day moving average is $12.78. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 1.41.

Orion (NYSE:OEC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.31). The firm had revenue of $477.70 million for the quarter, compared to analysts' expectations of $486.06 million. Orion had a net margin of 1.44% and a return on equity of 17.66%. The company's quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 EPS. On average, sell-side analysts anticipate that Orion S.A. will post 1.73 earnings per share for the current year.

Orion Dividend Announcement

The company also recently declared a interim dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Monday, July 7th will be issued a $0.0207 dividend. This represents a yield of 0.8%. The ex-dividend date is Monday, July 7th. Orion's dividend payout ratio (DPR) is presently 17.39%.

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.