Victory Capital Management Inc. Has $13.75 Million Position in Orion S.A. (NYSE:OEC)

Victory Capital Management Inc. trimmed its position in Orion S.A. (NYSE:OEC - Free Report) by 6.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,063,627 shares of the specialty chemicals company's stock after selling 78,248 shares during the period. Victory Capital Management Inc. owned approximately 1.88% of Orion worth $13,753,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC boosted its stake in shares of Orion by 1,256.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 6,007 shares of the specialty chemicals company's stock worth $78,000 after acquiring an additional 5,564 shares in the last quarter. CWM LLC lifted its stake in Orion by 831.7% in the 1st 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 in the 4th quarter worth approximately $159,000. KLP Kapitalforvaltning AS purchased a new position in Orion in the 4th quarter worth approximately $171,000. Finally, Trexquant Investment LP acquired a new stake in shares of Orion during the 4th quarter worth approximately $206,000. 94.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Orion from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $18.00 to $12.00 in a report on Thursday, April 24th. Mizuho decreased their price objective on shares of Orion from $12.00 to $10.00 and set a "neutral" rating for the company in a research report on Tuesday, July 15th. Finally, UBS Group decreased their price objective on shares of Orion from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Thursday, May 8th.

Orion Price Performance

Shares of NYSE OEC traded up $0.12 on Friday, hitting $11.36. The company's stock had a trading volume of 384,719 shares, compared to its average volume of 567,992. Orion S.A. has a 12-month low of $9.59 and a 12-month high of $24.85. The company has a market capitalization of $638.95 million, a price-to-earnings ratio of 24.68 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 stock has a 50 day moving average of $10.94 and a 200-day moving average of $12.38.

Orion (NYSE:OEC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.31). Orion had a return on equity of 17.66% and a net margin of 1.44%. The company had revenue of $477.70 million for the quarter, compared to analyst estimates of $486.06 million. During the same period last year, the company posted $0.52 EPS. The business's revenue for the quarter was down 5.0% on a year-over-year basis. As a group, research analysts predict that Orion S.A. will post 1.73 EPS 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 issued a $0.0207 dividend. The ex-dividend date of this dividend is Monday, July 7th. This represents a dividend yield of 0.8%. Orion's dividend payout ratio (DPR) is presently 17.39%.

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.