Franklin Resources Inc. Has $984,000 Holdings in Orion S.A. (NYSE:OEC)

Franklin Resources Inc. boosted its holdings in Orion S.A. (NYSE:OEC) by 3.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 57,672 shares of the specialty chemicals company’s stock after purchasing an additional 1,775 shares during the quarter. Franklin Resources Inc.’s holdings in Orion were worth $984,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Pzena Investment Management LLC lifted its holdings in shares of Orion by 35.4% in the third quarter. Pzena Investment Management LLC now owns 3,647,985 shares of the specialty chemicals company’s stock valued at $64,971,000 after purchasing an additional 954,398 shares in the last quarter. Foundry Partners LLC purchased a new position in Orion during the 3rd quarter worth $4,620,000. American Century Companies Inc. grew its stake in shares of Orion by 18.6% in the 2nd quarter. American Century Companies Inc. now owns 1,347,138 shares of the specialty chemicals company’s stock worth $29,556,000 after acquiring an additional 210,990 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of 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 valued at $21,001,000 after purchasing an additional 198,182 shares during the last quarter. Finally, SIR Capital Management L.P. bought a new position in shares of Orion during the second quarter valued at about $3,992,000. Institutional investors and hedge funds own 94.33% of the company’s stock.

Orion Price Performance

OEC opened at $15.67 on Friday. The firm has a market cap of $904.47 million, a P/E ratio of 29.57 and a beta of 1.51. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.71 and a current ratio of 1.24. Orion S.A. has a fifty-two week low of $14.94 and a fifty-two week high of $28.35. The firm has a 50-day moving average of $16.91 and a 200 day moving average of $18.56.

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

Analyst Upgrades and Downgrades

OEC has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Orion from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. raised Orion from a “neutral” rating to an “overweight” rating and increased their price target for the company 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.