Foundry Partners LLC Invests $4.62 Million in Orion S.A. (NYSE:OEC)

Foundry Partners LLC acquired a new stake in Orion S.A. (NYSE:OEC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 259,432 shares of the specialty chemicals company’s stock, valued at approximately $4,620,000.

Several other large investors also recently modified their holdings of OEC. SummerHaven Investment Management LLC grew its stake in shares of Orion by 1.9% in the second quarter. SummerHaven Investment Management LLC now owns 34,371 shares of the specialty chemicals company’s stock valued at $754,000 after buying an additional 625 shares in the last quarter. Inspire Investing LLC grew its position in shares of Orion by 4.8% during the 2nd quarter. Inspire Investing LLC now owns 16,040 shares of the specialty chemicals company’s stock worth $352,000 after purchasing an additional 738 shares in the last quarter. ProShare Advisors LLC increased its stake in Orion by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 9,956 shares of the specialty chemicals company’s stock worth $234,000 after acquiring an additional 783 shares during the period. Mackenzie Financial Corp raised its stake in Orion by 7.7% in the second quarter. Mackenzie Financial Corp now owns 11,949 shares of the specialty chemicals company’s stock valued at $262,000 after purchasing an additional 850 shares in the last quarter. Finally, Summit Global Investments grew its stake in Orion by 1.9% during the second quarter. Summit Global Investments now owns 48,291 shares of the specialty chemicals company’s stock worth $1,060,000 after buying an additional 891 shares in the last quarter. 94.33% of the stock is currently owned by institutional investors.

Orion Trading Up 2.4 %

Shares of Orion stock opened at $18.02 on Friday. Orion S.A. has a 1 year low of $14.94 and a 1 year high of $28.48. The stock has a fifty day moving average price of $16.72 and a 200-day moving average price of $19.94. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.24 and a quick ratio of 0.71. The firm has a market cap of $1.04 billion, a PE ratio of 34.00 and a beta of 1.48.

Orion (NYSE:OEC) last announced its quarterly earnings results on Thursday, November 7th. The specialty chemicals company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). The business had revenue of $463.40 million for the quarter, compared to analysts’ expectations of $489.01 million. Orion had a net margin of 1.67% and a return on equity of 18.97%. Equities research analysts anticipate that Orion S.A. will post 1.68 EPS for the current year.

Orion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Friday, December 13th will be paid a $0.021 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Friday, December 13th. This is a boost from Orion’s previous quarterly dividend of $0.02. Orion’s dividend payout ratio is currently 15.09%.

Analyst Ratings Changes

Several research analysts have recently issued reports on OEC shares. JPMorgan Chase & Co. upgraded shares of Orion from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $20.00 to $21.00 in a report on Monday, November 11th. StockNews.com downgraded shares of Orion from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th.

Orion Profile

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.