Carlos Quinones Acquires 3,300 Shares of Orion S.A. (NYSE:OEC) Stock

Orion S.A. (NYSE:OEC) VP Carlos Quinones acquired 3,300 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $13.07 per share, with a total value of $43,131.00. Following the transaction, the vice president now owns 79,702 shares of the company’s stock, valued at approximately $1,041,705.14. The trade was a 4.32 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Orion Stock Performance

Shares of OEC stock opened at $13.15 on Friday. Orion S.A. has a one year low of $12.51 and a one year high of $26.05. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.71 and a current ratio of 1.24. The company has a 50 day moving average price of $14.26 and a 200 day moving average price of $15.99. The firm has a market capitalization of $744.72 million, a price-to-earnings ratio of 17.53 and a beta of 1.52.

Orion (NYSE:OEC) last issued its quarterly earnings results on Wednesday, February 19th. The specialty chemicals company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.25 by $0.10. Orion had a net margin of 2.35% and a return on equity of 20.94%. The firm had revenue of $434.20 million during the quarter, compared to analyst estimates of $437.03 million. Sell-side analysts anticipate that Orion S.A. will post 1.73 EPS for the current year.

Orion Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.0207 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.08 annualized dividend and a yield of 0.63%. Orion’s dividend payout ratio is currently 10.67%.

Institutional Investors Weigh In On Orion

Several institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Orion by 30.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 118,937 shares of the specialty chemicals company’s stock worth $1,878,000 after buying an additional 27,804 shares during the period. Two Sigma Investments LP purchased a new stake in Orion during the fourth quarter worth approximately $382,000. ProShare Advisors LLC grew its stake in Orion by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 16,214 shares of the specialty chemicals company’s stock worth $256,000 after buying an additional 5,335 shares during the period. Nuveen Asset Management LLC grew its stake in Orion by 20.3% during the fourth quarter. Nuveen Asset Management LLC now owns 694,579 shares of the specialty chemicals company’s stock worth $10,967,000 after buying an additional 117,022 shares during the period. Finally, Numerai GP LLC grew its stake in Orion by 97.4% during the fourth quarter. Numerai GP LLC now owns 52,484 shares of the specialty chemicals company’s stock worth $829,000 after buying an additional 25,895 shares during the period. 94.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OEC has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Orion from $21.00 to $18.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. UBS Group cut their price objective on shares of Orion from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, February 20th.

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.