Public Employees Retirement System of Ohio Invests $27,000 in Orion S.A. (NYSE:OEC)

Public Employees Retirement System of Ohio acquired a new stake in shares of Orion S.A. (NYSE:OEC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,529 shares of the specialty chemicals company’s stock, valued at approximately $27,000.

A number of other large investors also recently bought and sold shares of OEC. Pzena Investment Management LLC boosted its position in Orion by 35.4% during the 3rd quarter. Pzena Investment Management LLC now owns 3,647,985 shares of the specialty chemicals company’s stock valued at $64,971,000 after acquiring an additional 954,398 shares in the last quarter. Foundry Partners LLC purchased a new position in Orion in the third quarter valued at about $4,620,000. American Century Companies Inc. grew its stake in Orion by 18.6% in the second quarter. American Century Companies Inc. now owns 1,347,138 shares of the specialty chemicals company’s stock valued at $29,556,000 after purchasing an additional 210,990 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Orion by 20.2% in the third quarter. Victory Capital Management Inc. now owns 1,179,181 shares of the specialty chemicals company’s stock worth $21,001,000 after purchasing an additional 198,182 shares in the last quarter. Finally, SIR Capital Management L.P. purchased a new stake in shares of Orion during the second quarter valued at about $3,992,000. Institutional investors own 94.33% of the company’s stock.

Orion Stock Performance

OEC opened at $15.54 on Monday. The company has a market cap of $896.97 million, a P/E ratio of 29.32 and a beta of 1.51. The company has a quick ratio of 0.71, a current ratio of 1.24 and a debt-to-equity ratio of 1.42. The firm’s 50-day moving average price is $17.07 and its 200-day moving average price is $18.80. Orion S.A. has a 52-week low of $14.94 and a 52-week high of $28.48.

Orion (NYSE:OEC) last posted its quarterly earnings results on Thursday, November 7th. The specialty chemicals company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). The company had revenue of $463.40 million during the quarter, compared to analysts’ expectations of $489.01 million. Orion had a return on equity of 18.97% and a net margin of 1.67%. As a group, equities analysts anticipate that Orion S.A. will post 1.68 EPS for the current fiscal year.

Analyst Ratings Changes

OEC has been the subject of several recent analyst reports. StockNews.com lowered shares of Orion from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. raised Orion from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $20.00 to $21.00 in a research report on Monday, November 11th.

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.