Orion S.A. (NYSE:OEC) Stock Holdings Increased by Carnegie Lake Advisors LLC

Carnegie Lake Advisors LLC grew its holdings in Orion S.A. (NYSE:OEC - Free Report) by 169.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,821 shares of the specialty chemicals company's stock after acquiring an additional 117,360 shares during the period. Orion comprises approximately 1.0% of Carnegie Lake Advisors LLC's portfolio, making the stock its 24th largest position. Carnegie Lake Advisors LLC owned 0.33% of Orion worth $2,416,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Exchange Traded Concepts LLC lifted its position in Orion by 1,256.0% in the first quarter. Exchange Traded Concepts LLC now owns 6,007 shares of the specialty chemicals company's stock valued at $78,000 after acquiring an additional 5,564 shares during the last quarter. CWM LLC raised its holdings in Orion by 831.7% during the first quarter. CWM LLC now owns 6,662 shares of the specialty chemicals company's stock worth $86,000 after purchasing an additional 5,947 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Orion during the fourth quarter worth about $159,000. KLP Kapitalforvaltning AS purchased a new position in Orion during the fourth quarter worth about $171,000. Finally, Trexquant Investment LP purchased a new position in Orion during the fourth quarter worth about $206,000. Institutional investors and hedge funds own 94.33% of the company's stock.

Orion Stock Down 0.8%

Orion stock traded down $0.09 during midday trading on Friday, hitting $10.69. 425,201 shares of the stock were exchanged, compared to its average volume of 569,839. Orion S.A. has a 1 year low of $9.59 and a 1 year high of $24.85. The firm has a market cap of $601.53 million, a P/E ratio of 23.24 and a beta of 1.07. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.14 and a quick ratio of 0.65. The company has a 50 day moving average price of $10.93 and a two-hundred day moving average price of $12.54.

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 for the quarter, missing the consensus estimate of $0.53 by ($0.31). The company had revenue of $477.70 million during the quarter, compared to the consensus estimate of $486.06 million. Orion had a return on equity of 17.66% and a net margin of 1.44%. Orion's revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 EPS. On average, sell-side analysts predict that Orion S.A. will post 1.73 earnings per share for the current fiscal year.

Orion Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Mizuho lowered their price target on shares of Orion from $12.00 to $10.00 and set a "neutral" rating on the stock in a research report on Tuesday. UBS Group lowered their price target on shares of Orion from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. lowered 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 research report on Thursday, April 24th.

Orion Company 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.