Minneapolis Portfolio Management Group LLC Increases Holdings in Orion S.A. (NYSE:OEC)

Minneapolis Portfolio Management Group LLC grew its holdings in Orion S.A. (NYSE:OEC - Free Report) by 1.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,946,739 shares of the specialty chemicals company's stock after purchasing an additional 24,041 shares during the quarter. Orion comprises about 3.5% of Minneapolis Portfolio Management Group LLC's portfolio, making the stock its 13th biggest position. Minneapolis Portfolio Management Group LLC owned approximately 3.44% of Orion worth $25,171,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Orion by 3.7% during the fourth 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 period. MetLife Investment Management LLC raised its holdings 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 worth $557,000 after acquiring an additional 1,954 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings 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 worth $169,000 after acquiring an additional 3,046 shares during the last quarter. 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 worth $357,000 after acquiring an additional 3,630 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Orion by 5.5% in the first quarter. Rhumbline Advisers now owns 83,511 shares of the specialty chemicals company's stock worth $1,080,000 after purchasing an additional 4,334 shares during the last quarter. 94.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on OEC shares. UBS Group lowered their price objective on 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. lowered shares of Orion from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $18.00 to $12.00 in a research note on Thursday, April 24th.

Orion Stock Performance

NYSE OEC traded up $0.37 during trading hours on Tuesday, reaching $11.14. 605,151 shares of the company were exchanged, compared to its average volume of 569,732. Orion S.A. has a 1 year low of $9.59 and a 1 year high of $24.85. The business's 50 day simple moving average is $11.03 and its 200-day simple moving average is $12.79. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $626.85 million, a P/E ratio of 24.22 and a beta of 1.07.

Orion (NYSE:OEC - Get Free Report) last released its earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.31). Orion had a return on equity of 17.66% and a net margin of 1.44%. The firm had revenue of $477.70 million during 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 business's quarterly revenue was down 5.0% compared to the same quarter last year. On average, equities research analysts expect that Orion S.A. will post 1.73 earnings per share for the current year.

Orion Dividend Announcement

The company also recently disclosed a interim dividend, which will be paid on Wednesday, October 8th. Investors 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 currently 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.