UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 19,396 Shares of Orion S.A. (NYSE:OEC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in Orion S.A. (NYSE:OEC) by 17.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 91,133 shares of the specialty chemicals company’s stock after selling 19,396 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Orion were worth $1,623,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in OEC. Quantbot Technologies LP lifted its position in Orion by 129.5% in the 3rd quarter. Quantbot Technologies LP now owns 25,321 shares of the specialty chemicals company’s stock valued at $451,000 after acquiring an additional 14,286 shares in the last quarter. West Tower Group LLC raised its stake in shares of Orion by 31.7% in the third quarter. West Tower Group LLC now owns 114,202 shares of the specialty chemicals company’s stock worth $2,034,000 after purchasing an additional 27,519 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Orion by 16.0% during the third quarter. Dynamic Technology Lab Private Ltd now owns 45,559 shares of the specialty chemicals company’s stock valued at $811,000 after purchasing an additional 6,268 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Orion by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 875,275 shares of the specialty chemicals company’s stock valued at $15,589,000 after buying an additional 34,183 shares during the last quarter. Finally, Foundry Partners LLC bought a new stake in Orion in the 3rd quarter worth about $4,620,000. Hedge funds and other institutional investors own 94.33% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on OEC. JPMorgan Chase & Co. upgraded shares of Orion from a “neutral” rating to an “overweight” rating and upped their target price for the company from $20.00 to $21.00 in a research note on Monday, November 11th. StockNews.com downgraded shares of Orion from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th.

Orion Stock Down 1.8 %

OEC stock opened at $17.07 on Tuesday. The business’s 50-day moving average is $17.14 and its two-hundred day moving average is $19.04. The company has a market cap of $985.28 million, a price-to-earnings ratio of 32.21 and a beta of 1.51. Orion S.A. has a fifty-two week low of $14.94 and a fifty-two week high of $28.48. 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 (NYSE:OEC) last issued its quarterly earnings data on Thursday, November 7th. The specialty chemicals company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.06). The business had revenue of $463.40 million during the quarter, compared to the consensus estimate of $489.01 million. Orion had a return on equity of 18.97% and a net margin of 1.67%. As a group, analysts forecast that Orion S.A. will post 1.68 earnings per share for the current year.

Orion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Friday, December 13th will be given a dividend of $0.021 per share. This is an increase from Orion’s previous quarterly dividend of $0.02. The ex-dividend date is Friday, December 13th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.49%. Orion’s payout ratio is presently 15.09%.

Orion Company 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.