Semanteon Capital Management LP Acquires New Stake in Orion S.A. (NYSE:OEC)

Semanteon Capital Management LP bought a new position in shares of Orion S.A. (NYSE:OEC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,471 shares of the specialty chemicals company’s stock, valued at approximately $318,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bourgeon Capital Management LLC acquired a new stake in shares of Orion during the fourth quarter worth $28,000. Covestor Ltd lifted its stake in Orion by 9.3% in the third quarter. Covestor Ltd now owns 5,706 shares of the specialty chemicals company’s stock valued at $121,000 after buying an additional 485 shares during the period. Teza Capital Management LLC bought a new position in shares of Orion during the 3rd quarter worth approximately $208,000. Mackenzie Financial Corp acquired a new stake in shares of Orion during the 3rd quarter worth approximately $214,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Orion by 91.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 11,375 shares of the specialty chemicals company’s stock valued at $242,000 after acquiring an additional 5,428 shares in the last quarter. 94.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OEC. Mizuho began coverage on shares of Orion in a research note on Wednesday, March 27th. They set a “neutral” rating and a $25.00 target price on the stock. StockNews.com upgraded Orion from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Finally, UBS Group decreased their target price on Orion from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, January 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.80.

Orion Stock Up 0.5 %

Orion stock opened at $23.74 on Friday. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.72 and a beta of 1.64. The firm’s fifty day moving average price is $23.35 and its two-hundred day moving average price is $23.37. Orion S.A. has a 1-year low of $19.32 and a 1-year high of $28.48. The company has a current ratio of 1.47, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42.

Orion (NYSE:OEC) last announced its quarterly earnings results on Thursday, February 15th. The specialty chemicals company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.21). The business had revenue of $468.20 million during the quarter, compared to the consensus estimate of $421.62 million. Orion had a net margin of 5.46% and a return on equity of 24.45%. Orion’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 EPS. On average, equities research analysts predict that Orion S.A. will post 2.15 earnings per share for the current fiscal year.

Orion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Tuesday, June 11th will be given a dividend of $0.021 per share. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $0.08 annualized dividend and a dividend yield of 0.35%. Orion’s payout ratio is 4.62%.

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.