Orion S.A. (NYSE:OEC) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Orion S.A. (NYSE:OEC - Free Report) by 30.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 118,937 shares of the specialty chemicals company's stock after buying an additional 27,804 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of Orion worth $1,878,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Nuveen Asset Management LLC lifted its position in Orion by 20.3% in the 4th quarter. Nuveen Asset Management LLC now owns 694,579 shares of the specialty chemicals company's stock valued at $10,967,000 after acquiring an additional 117,022 shares in the last quarter. Deutsche Bank AG grew its stake in Orion by 48.9% in the 4th quarter. Deutsche Bank AG now owns 52,125 shares of the specialty chemicals company's stock valued at $823,000 after buying an additional 17,109 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Orion by 18.3% in the 4th quarter. JPMorgan Chase & Co. now owns 717,377 shares of the specialty chemicals company's stock valued at $11,327,000 after buying an additional 110,911 shares during the last quarter. Two Sigma Investments LP acquired a new position in Orion in the 4th quarter valued at about $382,000. Finally, American Century Companies Inc. grew its stake in Orion by 12.1% in the 4th quarter. American Century Companies Inc. now owns 1,747,183 shares of the specialty chemicals company's stock valued at $27,588,000 after buying an additional 188,131 shares during the last quarter. Institutional investors and hedge funds own 94.33% of the company's stock.

Analysts Set New Price Targets

OEC has been the subject of several research reports. UBS Group dropped their price objective on shares of 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. cut shares of Orion from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $18.00 to $12.00 in a report on Thursday, April 24th.

Orion Stock Up 0.7%

NYSE OEC traded up $0.09 during trading hours on Wednesday, reaching $11.97. 472,559 shares of the company's stock traded hands, compared to its average volume of 553,408. The firm has a market cap of $673.38 million, a PE ratio of 15.96 and a beta of 1.10. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.24 and a quick ratio of 0.71. Orion S.A. has a 52-week low of $9.59 and a 52-week high of $24.85. The firm has a 50-day simple moving average of $11.44 and a 200 day simple moving average of $13.74.

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

Orion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be given a $0.0207 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.08 annualized dividend and a yield of 0.69%. Orion's dividend payout ratio (DPR) is 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.