Raymond James Financial Inc. Has $2.98 Million Holdings in Orion S.A. $OEC

Raymond James Financial Inc. boosted its position in shares of Orion S.A. (NYSE:OEC - Free Report) by 138.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 230,799 shares of the specialty chemicals company's stock after purchasing an additional 133,826 shares during the period. Raymond James Financial Inc. owned 0.41% of Orion worth $2,984,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new position in Orion during the first quarter valued at about $377,000. Wealth Enhancement Advisory Services LLC boosted its holdings 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 valued at $169,000 after purchasing an additional 3,046 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Orion by 20.3% in the 4th quarter. Nuveen Asset Management LLC now owns 694,579 shares of the specialty chemicals company's stock worth $10,967,000 after acquiring an additional 117,022 shares in the last quarter. Rhumbline Advisers increased its position in Orion by 5.5% in the 1st quarter. Rhumbline Advisers now owns 83,511 shares of the specialty chemicals company's stock valued at $1,080,000 after acquiring an additional 4,334 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new stake in Orion in the 4th quarter valued at about $382,000. Institutional investors and hedge funds own 94.33% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Zacks Research raised Orion to a "strong sell" rating in a report on Tuesday, August 12th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $9.00 price objective (down previously from $10.00) on shares of Orion in a report on Monday, August 11th. Finally, Mizuho reduced their price objective on Orion from $12.00 to $10.00 and set a "neutral" rating on the stock in a report on Tuesday, July 15th. One 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 company's stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $12.00.

Orion Trading Up 1.9%

Shares of Orion stock traded up $0.19 during trading hours on Thursday, hitting $10.35. The company's stock had a trading volume of 131,433 shares, compared to its average volume of 590,484. The stock has a 50 day moving average of $10.56 and a 200 day moving average of $11.44. The company has a market capitalization of $581.15 million, a PE ratio of 38.30 and a beta of 1.05. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.10 and a quick ratio of 0.64. Orion S.A. has a 12 month low of $9.03 and a 12 month high of $19.48.

Orion (NYSE:OEC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The specialty chemicals company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.04). The company had revenue of $466.40 million during the quarter, compared to the consensus estimate of $475.77 million. Orion had a net margin of 0.82% and a return on equity of 16.67%. Orion's revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. Analysts predict that Orion S.A. will post 1.73 earnings per share for the current year.

Orion Announces Dividend

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 paid a $0.0207 dividend. This represents a yield of 80.0%. The ex-dividend date of this dividend is Monday, July 7th. Orion's dividend payout ratio (DPR) is 29.63%.

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.