UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.88 Million Stock Position in Orion S.A. (NYSE:OEC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Orion S.A. (NYSE:OEC - Free Report) by 30.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 118,937 shares of the specialty chemicals company's stock after purchasing an additional 27,804 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of Orion worth $1,878,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in OEC. William Blair Investment Management LLC increased its position in shares of Orion by 21.1% in the 4th quarter. William Blair Investment Management LLC now owns 3,461,950 shares of the specialty chemicals company's stock worth $54,664,000 after purchasing an additional 602,080 shares during the last quarter. Brown Advisory Inc. increased its holdings in Orion by 11.3% in the fourth quarter. Brown Advisory Inc. now owns 2,617,287 shares of the specialty chemicals company's stock valued at $41,327,000 after buying an additional 265,184 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Orion by 11.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,186,942 shares of the specialty chemicals company's stock valued at $34,529,000 after buying an additional 233,342 shares during the last quarter. Minneapolis Portfolio Management Group LLC raised its stake in Orion by 20.0% during the fourth quarter. Minneapolis Portfolio Management Group LLC now owns 1,922,698 shares of the specialty chemicals company's stock valued at $30,359,000 after buying an additional 320,157 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Orion by 12.1% during the 4th quarter. American Century Companies Inc. now owns 1,747,183 shares of the specialty chemicals company's stock worth $27,588,000 after buying an additional 188,131 shares during the last quarter. 94.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Orion news, VP Carlos Quinones purchased 3,300 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $13.07 per share, with a total value of $43,131.00. Following the completion of the acquisition, the vice president now directly owns 79,702 shares of the company's stock, valued at $1,041,705.14. This represents a 4.32% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on OEC. UBS Group lowered 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. JPMorgan Chase & Co. lowered 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 report on Thursday, April 24th.

Orion Stock Up 2.8%

NYSE OEC traded up $0.32 on Monday, reaching $11.61. The stock had a trading volume of 492,298 shares, compared to its average volume of 551,475. The company has a market capitalization of $653.29 million, a price-to-earnings ratio of 15.48 and a beta of 1.10. The company has a current ratio of 1.24, a quick ratio of 0.71 and a debt-to-equity ratio of 1.42. Orion S.A. has a 1 year low of $9.59 and a 1 year high of $24.85. The business has a 50 day moving average price of $11.45 and a 200 day moving average price of $13.81.

Orion (NYSE:OEC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.31). The firm had revenue of $477.70 million during the quarter, compared to analyst estimates of $486.06 million. Orion had a return on equity of 20.94% and a net margin of 2.35%. Orion's quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 earnings per share. On average, analysts forecast that Orion S.A. will post 1.73 EPS for the current fiscal year.

Orion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be issued a $0.0207 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.71%. Orion's payout ratio 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.