29,135 Shares in Orion S.A. (NYSE:OEC) Acquired by Kimelman & Baird LLC

Kimelman & Baird LLC acquired a new stake in Orion S.A. (NYSE:OEC) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 29,135 shares of the specialty chemicals company’s stock, valued at approximately $639,000.

Several other large investors have also recently added to or reduced their stakes in OEC. O Shaughnessy Asset Management LLC increased its holdings in shares of Orion by 315.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 54,494 shares of the specialty chemicals company’s stock worth $1,282,000 after purchasing an additional 41,372 shares during the period. Mutual of America Capital Management LLC lifted its position in shares of Orion by 94.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 270,832 shares of the specialty chemicals company’s stock valued at $6,370,000 after acquiring an additional 131,902 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Orion by 51.8% during the 1st quarter. BNP Paribas Financial Markets now owns 67,503 shares of the specialty chemicals company’s stock worth $1,588,000 after purchasing an additional 23,026 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Orion by 4.5% in the first quarter. Vanguard Group Inc. now owns 1,807,942 shares of the specialty chemicals company’s stock worth $42,523,000 after purchasing an additional 77,952 shares during the period. Finally, Divisar Capital Management LLC raised its stake in Orion by 7.3% in the second quarter. Divisar Capital Management LLC now owns 805,082 shares of the specialty chemicals company’s stock valued at $17,663,000 after purchasing an additional 55,000 shares in the last quarter. Institutional investors own 94.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on OEC shares. JPMorgan Chase & Co. decreased their target price on shares of Orion from $24.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. StockNews.com raised shares of Orion from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th.

Orion Stock Up 1.1 %

Shares of NYSE OEC opened at $17.79 on Monday. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 12.02 and a beta of 1.47. The company has a current ratio of 1.39, a quick ratio of 0.80 and a debt-to-equity ratio of 1.31. Orion S.A. has a 12 month low of $15.54 and a 12 month high of $28.48. The stock has a 50-day moving average price of $18.49 and a two-hundred day moving average price of $21.81.

Orion (NYSE:OEC) last released its quarterly earnings data on Thursday, August 1st. The specialty chemicals company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.18). Orion had a return on equity of 19.21% and a net margin of 4.09%. The company had revenue of $477.00 million for the quarter, compared to analyst estimates of $491.14 million. During the same quarter in the prior year, the company earned $0.53 earnings per share. Orion’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, analysts forecast that Orion S.A. will post 1.85 earnings per share for the current fiscal year.

Orion Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Friday, December 13th will be given a dividend of $0.021 per share. The ex-dividend date is Friday, December 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.47%. This is a positive change from Orion’s previous quarterly dividend of $0.02. Orion’s payout ratio is currently 5.41%.

Insiders Place Their Bets

In other news, CEO Corning F. Painter purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average cost of $17.48 per share, with a total value of $349,600.00. Following the completion of the purchase, the chief executive officer now owns 948,776 shares of the company’s stock, valued at approximately $16,584,604.48. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Orion news, CEO Corning F. Painter acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average price of $17.48 per share, for a total transaction of $349,600.00. Following the acquisition, the chief executive officer now directly owns 948,776 shares in the company, valued at $16,584,604.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Corning F. Painter bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were acquired at an average price of $17.69 per share, for a total transaction of $176,900.00. Following the completion of the transaction, the chief executive officer now owns 958,776 shares in the company, valued at $16,960,747.44. The disclosure for this purchase can be found here. Insiders bought a total of 47,500 shares of company stock valued at $845,225 in the last 90 days. Corporate insiders own 6.30% of the company’s stock.

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.