1 week Ago By Defense World Staff
Legal & General Group Plc lowered its position in Orion S.A. (NYSE:OEC – Free Report) by 6.
7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 67,264 shares of the specialty chemicals company’s stock after selling 4,802 shares during the period. Legal & General Group Plc owned 0.
12% of Orion worth $1,062,000 as of its most recent SEC filing. A number of other hedge funds have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new stake in shares of Orion in the 4th quarter worth $171,000.
Trexquant Investment LP bought a new stake in Orion in the 4th quarter worth about $206,000. SG Americas Securities LLC increased its stake in Orion by 18.0% in the 4th quarter.
SG Americas Securities LLC now owns 23,911 shares of the specialty chemicals company’s stock valued at $378,000 after buying an additional 3,646 shares during the last quarter. Inspire Investing LLC lifted its position in shares of Orion by 9.2% during the 4th quarter.
Inspire Investing LLC now owns 25,351 shares of the specialty chemicals company’s stock worth $400,000 after buying an additional 2,138 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Orion by 48.6% in the 4th quarter.
Wells Fargo & Company MN now owns 27,405 shares of the specialty chemicals company’s stock worth $433,000 after buying an additional 8,969 shares during the last quarter. Institutional investors and hedge funds own 94.33% of the company’s stock.
Insider Buying and Selling at OrionIn other Orion news, VP Carlos Quinones purchased 3,300 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average price of $13.07 per share, for a total transaction of $43,131.
00. Following the completion of the purchase, the vice president now directly owns 79,702 shares of the company’s stock, valued at $1,041,705.14.
This trade represents a 4.32 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
2.20% of the stock is owned by company insiders. Orion Stock Down 1.
6 %OEC opened at $12.03 on Monday. 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 business’s fifty day simple moving average is $12.92 and its 200 day simple moving average is $14.94.
Orion S.A. has a 52 week low of $10.
50 and a 52 week high of $26.05. The stock has a market cap of $681.
55 million, a PE ratio of 16.04 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, 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 business had revenue of $434.
20 million during the quarter, compared to the consensus estimate of $437.03 million. As a group, research analysts expect that Orion S.
A. will post 1.73 earnings per share for the current fiscal year.
Orion Announces DividendThe business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be given a dividend of $0.0207 per share.
This represents a $0.08 dividend on an annualized basis and a yield of 0.69%.
The ex-dividend date of this dividend is Wednesday, June 11th. Orion’s dividend payout ratio (DPR) is presently 10.67%.
Wall Street Analyst Weigh InSeveral equities analysts recently weighed in on the stock. UBS Group reduced their price target 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. JPMorgan Chase & Co. lowered shares of Orion from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $18.
00 to $12.00 in a research note on Thursday.Get Our Latest Stock Report on OrionOrion Company Profile (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.Featured StoriesFive stocks we like better than OrionInvesting in Travel Stocks BenefitsTexas Instruments: Earnings Beat, Upbeat Guidance Fuel Recovery3 REITs to Buy and Hold for the Long TermO’Reilly Automotive: An Anytime Buy for Buy-and-Hold InvestorsInsider Buying Explained: What Investors Need to KnowChipotle Mexican Grill Serves Smoking Hot Entry Point in Q2.
