Carlos Quinones Purchases 3,300 Shares of Orion S.A. (NYSE:OEC) Stock

Orion S.A. (NYSE:OEC) VP Carlos Quinones acquired 3,300 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $13.07 per share, with a total value of $43,131.00. Following the acquisition, the vice president now directly owns 79,702 shares of the company’s stock, valued at $1,041,705.14. This trade represents a 4.32 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Orion Trading Down 2.6 %

Shares of NYSE OEC traded down $0.35 during trading on Thursday, reaching $12.71. The stock had a trading volume of 616,509 shares, compared to its average volume of 468,723. The business’s 50-day moving average price is $14.36 and its 200-day moving average price is $16.07. Orion S.A. has a fifty-two week low of $12.53 and a fifty-two week high of $26.05. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.71 and a current ratio of 1.24. The company has a market cap of $719.79 million, a P/E ratio of 16.94 and a beta of 1.52.

Orion (NYSE:OEC) last issued its quarterly earnings results on Wednesday, February 19th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.10. The company had revenue of $434.20 million for the quarter, compared to analyst estimates of $437.03 million. Orion had a net margin of 2.35% and a return on equity of 20.94%. On average, equities research analysts predict that Orion S.A. will post 1.73 EPS for the current fiscal year.

Orion Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 13th will be given a $0.0207 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.08 annualized dividend and a yield of 0.65%. Orion’s dividend payout ratio is presently 10.67%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. JPMorgan Chase & Co. decreased their price objective on Orion from $21.00 to $18.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. UBS Group reduced their price objective on shares of Orion from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, February 20th.

Institutional Trading of Orion

Large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new position in Orion during the 3rd quarter worth $27,000. Point72 DIFC Ltd lifted its stake in Orion by 1,578.7% in the third quarter. Point72 DIFC Ltd now owns 4,415 shares of the specialty chemicals company’s stock worth $79,000 after acquiring an additional 4,152 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in Orion by 1,112.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,624 shares of the specialty chemicals company’s stock worth $154,000 after acquiring an additional 7,913 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of Orion in the 3rd quarter valued at approximately $190,000. Finally, MQS Management LLC purchased a new stake in shares of Orion during the 3rd quarter worth $190,000. Hedge funds and other institutional investors own 94.33% 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.