Orion S.A. (NYSE:OEC) Shares Purchased by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC increased its stake in shares of Orion S.A. (NYSE:OEC) by 12.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,630 shares of the specialty chemicals company’s stock after purchasing an additional 9,833 shares during the period. Keeley Teton Advisors LLC owned 0.15% of Orion worth $2,038,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. MQS Management LLC purchased a new stake in Orion in the 1st quarter worth approximately $221,000. Roubaix Capital LLC grew its stake in Orion by 7.0% in the 1st quarter. Roubaix Capital LLC now owns 160,904 shares of the specialty chemicals company’s stock worth $3,784,000 after acquiring an additional 10,513 shares during the period. O Shaughnessy Asset Management LLC grew its stake in Orion by 315.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 54,494 shares of the specialty chemicals company’s stock worth $1,282,000 after acquiring an additional 41,372 shares during the period. Vanguard Group Inc. grew its stake in Orion by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 1,807,942 shares of the specialty chemicals company’s stock worth $42,523,000 after acquiring an additional 77,952 shares during the period. Finally, Jade Capital Advisors LLC grew its stake in Orion by 22.9% in the 1st quarter. Jade Capital Advisors LLC now owns 403,041 shares of the specialty chemicals company’s stock worth $9,480,000 after acquiring an additional 75,000 shares during the period. 94.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on OEC shares. Mizuho boosted their price objective on shares of Orion from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. StockNews.com raised shares of Orion from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.25.

Orion Trading Up 1.3 %

Shares of NYSE OEC traded up $0.32 during trading on Friday, hitting $24.19. 296,438 shares of the company traded hands, compared to its average volume of 434,268. The company has a 50-day moving average price of $23.24 and a 200-day moving average price of $23.40. The company has a quick ratio of 0.85, a current ratio of 1.45 and a debt-to-equity ratio of 1.36. Orion S.A. has a 1 year low of $19.32 and a 1 year high of $28.48. The firm has a market capitalization of $1.41 billion, a P/E ratio of 16.34 and a beta of 1.53.

Orion (NYSE:OEC) last announced its quarterly earnings results on Thursday, May 2nd. The specialty chemicals company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.11). Orion had a return on equity of 21.07% and a net margin of 4.64%. The business had revenue of $502.90 million for the quarter, compared to analysts’ expectations of $506.38 million. During the same period last year, the company posted $0.74 earnings per share. The firm’s revenue for the quarter was up .4% on a year-over-year basis. On average, equities analysts predict that Orion S.A. will post 2.13 EPS for the current year.

Orion Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Monday, July 1st will be paid a dividend of $0.0207 per share. The ex-dividend date is Monday, July 1st. This represents a $0.08 annualized dividend and a dividend yield of 0.34%. Orion’s dividend payout ratio is presently 5.41%.

Insider Activity

In other news, VP Sandra Niewiem sold 8,305 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $24.21, for a total transaction of $201,064.05. Following the completion of the sale, the vice president now directly owns 14,099 shares in the company, valued at $341,336.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Orion news, VP Sandra Niewiem sold 8,305 shares of Orion stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $24.21, for a total value of $201,064.05. Following the completion of the transaction, the vice president now directly owns 14,099 shares in the company, valued at $341,336.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Carlos Quinones bought 4,000 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was bought at an average price of $23.51 per share, with a total value of $94,040.00. Following the completion of the purchase, the vice president now owns 69,702 shares of the company’s stock, valued at $1,638,694.02. The disclosure for this purchase can be found here. Insiders own 6.30% of the company’s stock.

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.