Public Employees Retirement System of Ohio Makes New Investment in Orion S.A. (NYSE:OEC)

Public Employees Retirement System of Ohio acquired a new stake in Orion S.A. (NYSE:OEC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,529 shares of the specialty chemicals company’s stock, valued at approximately $27,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in OEC. Pzena Investment Management LLC lifted its position in Orion by 35.4% during the third quarter. Pzena Investment Management LLC now owns 3,647,985 shares of the specialty chemicals company’s stock valued at $64,971,000 after purchasing an additional 954,398 shares during the period. William Blair Investment Management LLC raised its stake in shares of Orion by 3.8% during the 2nd quarter. William Blair Investment Management LLC now owns 2,724,139 shares of the specialty chemicals company’s stock valued at $59,768,000 after buying an additional 99,613 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Orion by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,877,706 shares of the specialty chemicals company’s stock valued at $41,197,000 after buying an additional 80,266 shares during the period. Harvey Partners LLC boosted its stake in shares of Orion by 9.5% in the third quarter. Harvey Partners LLC now owns 1,696,000 shares of the specialty chemicals company’s stock worth $30,206,000 after buying an additional 146,500 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Orion by 18.6% during the second quarter. American Century Companies Inc. now owns 1,347,138 shares of the specialty chemicals company’s stock worth $29,556,000 after acquiring an additional 210,990 shares during the period. Institutional investors and hedge funds own 94.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on OEC. StockNews.com lowered Orion from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. raised shares of Orion from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $20.00 to $21.00 in a report on Monday, November 11th.

Orion Stock Performance

Shares of OEC stock opened at $15.54 on Monday. The company has a current ratio of 1.24, a quick ratio of 0.71 and a debt-to-equity ratio of 1.42. Orion S.A. has a 12-month low of $14.94 and a 12-month high of $28.48. The business’s 50 day moving average is $17.07 and its two-hundred day moving average is $18.80. The company has a market capitalization of $896.97 million, a P/E ratio of 29.32 and a beta of 1.51.

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

Orion Company 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.