2 weeks Ago By Defense World Staff
Franklin Resources Inc. lessened its position in Orion S.A.
( NYSE:OEC – Free Report ) by 81.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,846 shares of the specialty chemicals company’s stock after selling 46,826 shares during the quarter.
Franklin Resources Inc.’s holdings in Orion were worth $171,000 as of its most recent SEC filing. A number of other institutional investors have also recently made changes to their positions in OEC.
Jane Street Group LLC raised its stake in Orion by 148.2% in the 3rd quarter. Jane Street Group LLC now owns 151,205 shares of the specialty chemicals company’s stock valued at $2,693,000 after purchasing an additional 90,292 shares during the last quarter.
Barclays PLC raised its position in shares of Orion by 320.4% in the third quarter. Barclays PLC now owns 95,512 shares of the specialty chemicals company’s stock valued at $1,700,000 after buying an additional 72,793 shares during the last quarter.
Geode Capital Management LLC lifted its stake in shares of Orion by 0.4% in the third quarter. Geode Capital Management LLC now owns 1,301,158 shares of the specialty chemicals company’s stock worth $23,178,000 after buying an additional 5,378 shares in the last quarter.
JPMorgan Chase & Co. lifted its stake in shares of Orion by 18.3% in the fourth quarter.
JPMorgan Chase & Co. now owns 717,377 shares of the specialty chemicals company’s stock worth $11,327,000 after buying an additional 110,911 shares in the last quarter. Finally, Carnegie Lake Advisors LLC boosted its position in Orion by 72.
1% during the fourth quarter. Carnegie Lake Advisors LLC now owns 69,461 shares of the specialty chemicals company’s stock worth $1,097,000 after acquiring an additional 29,100 shares during the last quarter. 94.
33% of the stock is owned by institutional investors and hedge funds. Analysts Set New Price Targets A number of analysts have commented on OEC shares. 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 report on Thursday, February 20th. JPMorgan Chase & Co.
cut their price target on Orion from $21.00 to $18.00 and set an “overweight” rating for the company in a report on Friday, February 21st.
Orion Trading Up 1.5 % Shares of OEC opened at $11.89 on Friday.
The company has a current ratio of 1.24, a quick ratio of 0.71 and a debt-to-equity ratio of 1.
42. The firm has a 50-day moving average price of $13.15 and a 200 day moving average price of $15.
12. Orion S.A.
has a 12-month low of $10.50 and a 12-month high of $26.05.
The firm has a market capitalization of $673.79 million, a P/E ratio of 15.86 and a beta of 1.
25. Orion ( NYSE:OEC – Get Free Report ) last posted its quarterly earnings results on Wednesday, February 19th. The specialty chemicals company reported $0.
35 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.10.
The business had revenue of $434.20 million during the quarter, compared to analysts’ expectations of $437.03 million.
Orion had a net margin of 2.35% and a return on equity of 20.94%.
Sell-side analysts forecast that Orion S.A. will post 1.
73 EPS for the current year. Orion Cuts Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 13th were paid a $0.
0207 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.
70%. The ex-dividend date of this dividend was Thursday, March 13th. Orion’s dividend payout ratio (DPR) is presently 10.
67%. Insider Activity In related news, VP Carlos Quinones acquired 3,300 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of $13.
07 per share, for a total transaction of $43,131.00. Following the acquisition, the vice president now owns 79,702 shares in the company, valued at $1,041,705.
14. The trade was a 4.32 % increase in their position.
The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . Corporate insiders own 2.20% of the company’s stock.
About Orion ( Free Report ) 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.
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