Renaissance Technologies LLC increased its holdings in Orion Engineered Carbons SA (NYSE:OEC) by 23.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,538,800 shares of the specialty chemicals company’s stock after acquiring an additional 679,700 shares during the period. Renaissance Technologies LLC owned about 0.06% of Orion Engineered Carbons worth $109,172,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of OEC. Quantbot Technologies LP bought a new position in shares of Orion Engineered Carbons during the 1st quarter valued at approximately $189,000. Quantitative Systematic Strategies LLC bought a new position in shares of Orion Engineered Carbons during the 1st quarter valued at approximately $231,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Orion Engineered Carbons during the 1st quarter valued at approximately $232,000. Element Capital Management LLC bought a new position in shares of Orion Engineered Carbons during the 1st quarter valued at approximately $233,000. Finally, Bayesian Capital Management LP bought a new position in shares of Orion Engineered Carbons during the 1st quarter valued at approximately $256,000. Institutional investors own 91.12% of the company’s stock.

OEC has been the subject of a number of research reports. ValuEngine downgraded shares of Orion Engineered Carbons from a “buy” rating to a “hold” rating in a research report on Saturday, May 26th. Northcoast Research reissued a “buy” rating and set a $40.00 target price on shares of Orion Engineered Carbons in a research report on Tuesday, August 7th. Finally, Zacks Investment Research downgraded shares of Orion Engineered Carbons from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Orion Engineered Carbons presently has a consensus rating of “Buy” and a consensus target price of $32.00.

Orion Engineered Carbons stock opened at $33.55 on Friday. Orion Engineered Carbons SA has a twelve month low of $21.10 and a twelve month high of $36.55. The company has a market cap of $1.98 billion, a PE ratio of 18.78 and a beta of 0.82. The company has a quick ratio of 1.40, a current ratio of 2.01 and a debt-to-equity ratio of 5.08.

Orion Engineered Carbons (NYSE:OEC) last released its earnings results on Thursday, August 2nd. The specialty chemicals company reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.17. The firm had revenue of $391.60 million during the quarter, compared to the consensus estimate of $342.90 million. Orion Engineered Carbons had a net margin of 7.95% and a return on equity of 132.30%. The company’s revenue was up 30.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 EPS. equities analysts expect that Orion Engineered Carbons SA will post 2.18 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Thursday, September 20th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.38%. The ex-dividend date is Wednesday, September 19th. Orion Engineered Carbons’s dividend payout ratio (DPR) is presently 49.08%.

About Orion Engineered Carbons

Orion Engineered Carbons SA, together with its subsidiaries, produces and sells carbon black products in Germany, the United States, South Korea, Brazil, China, South Africa, the rest of Europe, and internationally. It operates through two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; and various conductive carbon black grades for use in polymer and printing applications, as well as in silicon, non-woven textile, building material, battery electrodes metallurgical, agrochemical, and carbon brush applications.

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Institutional Ownership by Quarter for Orion Engineered Carbons (NYSE:OEC)

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