GW&K Investment Management LLC Has $5.73 Million Stake in Orion S.A. (NYSE:OEC)

GW&K Investment Management LLC reduced its holdings in Orion S.A. (NYSE:OECFree Report) by 3.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 206,651 shares of the specialty chemicals company’s stock after selling 8,015 shares during the quarter. GW&K Investment Management LLC’s holdings in Orion were worth $5,730,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OEC. Bourgeon Capital Management LLC acquired a new stake in shares of Orion in the fourth quarter valued at about $28,000. Covestor Ltd grew its stake in Orion by 9.3% in the third quarter. Covestor Ltd now owns 5,706 shares of the specialty chemicals company’s stock valued at $121,000 after purchasing an additional 485 shares in the last quarter. Teza Capital Management LLC acquired a new position in shares of Orion during the 3rd quarter worth approximately $208,000. Allspring Global Investments Holdings LLC grew its stake in shares of Orion by 91.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 11,375 shares of the specialty chemicals company’s stock valued at $242,000 after buying an additional 5,428 shares in the last quarter. Finally, HBK Sorce Advisory LLC acquired a new position in Orion during the fourth quarter worth $247,000. 94.33% of the stock is currently owned by institutional investors and hedge funds.

Orion Stock Down 2.6 %

Shares of OEC opened at $25.14 on Thursday. The firm has a market cap of $1.47 billion, a P/E ratio of 16.99 and a beta of 1.62. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.85 and a current ratio of 1.45. Orion S.A. has a 52 week low of $19.32 and a 52 week high of $28.48. The firm’s 50-day simple moving average is $24.11 and its 200 day simple moving average is $23.93.

Orion (NYSE:OECGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.11). The firm had revenue of $502.90 million during the quarter, compared to the consensus estimate of $506.38 million. Orion had a net margin of 4.64% and a return on equity of 21.07%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.74 earnings per share. On average, analysts forecast that Orion S.A. will post 2.13 earnings per share for the current year.

Orion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Tuesday, June 11th will be paid a $0.021 dividend. The ex-dividend date is Tuesday, June 11th. This represents a $0.08 annualized dividend and a dividend yield of 0.33%. Orion’s dividend payout ratio (DPR) is presently 5.41%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. upgraded shares of Orion from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Mizuho boosted their price target on Orion from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $28.00.

Read Our Latest Research Report on OEC

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.

See Also

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Institutional Ownership by Quarter for Orion (NYSE:OEC)

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