Vanguard Group Inc. Has $29.56 Million Holdings in Orion S.A. (NYSE:OEC)

Vanguard Group Inc. lowered its position in shares of Orion S.A. (NYSE:OEC - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,871,740 shares of the specialty chemicals company's stock after selling 101,194 shares during the quarter. Vanguard Group Inc. owned 3.24% of Orion worth $29,555,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Jane Street Group LLC raised its stake in shares of Orion by 148.2% in the 3rd quarter. Jane Street Group LLC now owns 151,205 shares of the specialty chemicals company's stock valued at $2,693,000 after purchasing an additional 90,292 shares during the period. Barclays PLC raised its position in Orion by 320.4% in the 3rd quarter. Barclays PLC now owns 95,512 shares of the specialty chemicals company's stock valued at $1,700,000 after buying an additional 72,793 shares during the last quarter. Geode Capital Management LLC lifted its stake in Orion by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,301,158 shares of the specialty chemicals company's stock valued at $23,178,000 after acquiring an additional 5,378 shares in the last quarter. Carnegie Lake Advisors LLC boosted its position in Orion by 72.1% during the 4th quarter. Carnegie Lake Advisors LLC now owns 69,461 shares of the specialty chemicals company's stock worth $1,097,000 after acquiring an additional 29,100 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Orion by 1.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 606,466 shares of the specialty chemicals company's stock worth $10,801,000 after acquiring an additional 7,586 shares in the last quarter. 94.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Orion

In other Orion news, VP Carlos Quinones acquired 3,300 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $13.07 per share, with a total value of $43,131.00. Following the completion of the transaction, the vice president now directly owns 79,702 shares in the company, valued at approximately $1,041,705.14. This represents a 4.32 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Orion Stock Up 1.5 %

Shares of NYSE:OEC traded up $0.17 during trading on Friday, hitting $11.89. 445,658 shares of the company were exchanged, compared to its average volume of 507,667. Orion S.A. has a fifty-two week low of $10.50 and a fifty-two week high of $26.05. The stock has a market cap of $673.79 million, a price-to-earnings ratio of 15.86 and a beta of 1.25. The company has a current ratio of 1.24, a quick ratio of 0.71 and a debt-to-equity ratio of 1.42. The firm has a fifty day moving average price of $13.15 and a two-hundred day moving average price of $15.12.

Orion (NYSE:OEC - Get Free Report) last issued its earnings results on Wednesday, February 19th. The specialty chemicals company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.10. The business had revenue of $434.20 million for the quarter, compared to the consensus estimate of $437.03 million. Orion had a net margin of 2.35% and a return on equity of 20.94%. As a group, research analysts anticipate that Orion S.A. will post 1.73 earnings per share for the current fiscal year.

Orion Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 13th were issued a $0.0207 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.70%. Orion's payout ratio is 10.67%.

Analyst Ratings Changes

A number of brokerages have recently commented on OEC. JPMorgan Chase & Co. cut their price objective on shares of Orion from $21.00 to $18.00 and set an "overweight" rating on the stock in a research report on Friday, February 21st. UBS Group cut their price target on shares of Orion from $23.00 to $22.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th.

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.