Roubaix Capital LLC Has $3.95 Million Stock Position in Orion S.A. $OEC

Key Points

• Roubaix Capital LLC has reduced its stake in Orion S.A. by 9.3%, now holding 305,312 shares after selling 31,324 shares during the first quarter.
• Orion's latest earnings report revealed EPS of $0.32, falling short of the $0.36 consensus estimate, with quarterly revenues also decreasing by 2.2% year-on-year.
• Institutional investors hold 94.33% of Orion's stock, with several firms significantly increasing their positions during the first quarter.

Roubaix Capital LLC cut its stake in shares of Orion S.A. (NYSE:OEC - Free Report) by 9.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 305,312 shares of the specialty chemicals company's stock after selling 31,324 shares during the quarter. Orion accounts for 2.0% of Roubaix Capital LLC's portfolio, making the stock its 23rd largest holding. Roubaix Capital LLC owned 0.54% of Orion worth $3,948,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Janney Montgomery Scott LLC bought a new stake in shares of Orion during the 1st quarter worth $377,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Orion by 30.3% in 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 lifted its holdings in shares of Orion by 20.3% in the fourth quarter. Nuveen Asset Management LLC now owns 694,579 shares of the specialty chemicals company's stock valued at $10,967,000 after purchasing an additional 117,022 shares in the last quarter. Rhumbline Advisers lifted its holdings 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 valued at $1,080,000 after purchasing an additional 4,334 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new stake in shares of Orion in the fourth quarter valued at $382,000. 94.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. restated an "underweight" rating and issued a $9.00 target price (down previously from $10.00) on shares of Orion in a report on Monday, August 11th. Zacks Research upgraded Orion to a "strong sell" rating in a report on Tuesday, August 12th. UBS Group reduced their target price on Orion from $18.00 to $17.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Mizuho reduced their target price on Orion from $12.00 to $10.00 and set a "neutral" rating for the company 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $12.00.

Orion Stock Down 1.3%

Shares of NYSE:OEC traded down $0.1330 during midday trading on Thursday, hitting $10.1570. 347,591 shares of the stock were exchanged, compared to its average volume of 602,807. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.64 and a current ratio of 1.10. Orion S.A. has a 52-week low of $9.03 and a 52-week high of $19.48. The business's fifty day simple moving average is $10.59 and its two-hundred day simple moving average is $11.84. The company has a market capitalization of $570.32 million, a PE ratio of 37.62 and a beta of 1.10.

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 (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.04). Orion had a return on equity of 16.67% and a net margin of 0.82%.The firm had revenue of $466.40 million for the quarter, compared to analysts' expectations of $475.77 million. During the same quarter in the prior year, the business posted $0.41 earnings per share. Orion's revenue was down 2.2% on a year-over-year basis. As a group, research analysts predict that Orion S.A. will post 1.73 earnings per share for the current fiscal year.

Orion Announces Dividend

The company also recently announced a interim dividend, which will be paid on Wednesday, October 8th. Investors of record on Monday, July 7th will be given a dividend of $0.0207 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a yield of 80.0%. Orion's dividend payout ratio (DPR) is 29.63%.

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.