Pzena Investment Management LLC Has $84.32 Million Stake in Orion S.A. (NYSE:OEC)

Pzena Investment Management LLC trimmed its stake in shares of Orion S.A. (NYSE:OECFree Report) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,040,651 shares of the specialty chemicals company’s stock after selling 244,172 shares during the period. Pzena Investment Management LLC owned approximately 5.24% of Orion worth $84,317,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in Orion by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,729,261 shares of the specialty chemicals company’s stock valued at $47,954,000 after buying an additional 76,480 shares during the period. Vanguard Group Inc. lifted its holdings in Orion by 5.8% in the third quarter. Vanguard Group Inc. now owns 1,618,627 shares of the specialty chemicals company’s stock valued at $34,444,000 after buying an additional 89,319 shares during the period. Brown Advisory Inc. lifted its holdings in Orion by 20.3% in the fourth quarter. Brown Advisory Inc. now owns 1,389,560 shares of the specialty chemicals company’s stock valued at $38,533,000 after buying an additional 234,153 shares during the period. Invesco Ltd. lifted its holdings in Orion by 22.2% in the third quarter. Invesco Ltd. now owns 1,291,485 shares of the specialty chemicals company’s stock valued at $27,483,000 after buying an additional 234,888 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Orion by 6.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 899,341 shares of the specialty chemicals company’s stock valued at $24,939,000 after buying an additional 53,720 shares during the period. 94.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Orion from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Mizuho upped their target price on shares of Orion from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Orion has an average rating of “Moderate Buy” and a consensus price target of $28.00.

View Our Latest Analysis on OEC

Orion Stock Down 2.2 %

Shares of OEC stock traded down $0.56 during trading hours on Wednesday, hitting $25.26. 92,173 shares of the company were exchanged, compared to its average volume of 382,191. The business has a 50 day moving average of $24.07 and a two-hundred day moving average of $23.92. The company has a current ratio of 1.45, a quick ratio of 0.85 and a debt-to-equity ratio of 1.36. Orion S.A. has a 52 week low of $19.32 and a 52 week high of $28.48. The company has a market capitalization of $1.47 billion, a PE ratio of 17.45 and a beta of 1.62.

Orion (NYSE:OECGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.11). Orion had a return on equity of 21.07% and a net margin of 4.64%. The company had revenue of $502.90 million for the quarter, compared to the consensus estimate of $506.38 million. During the same period in the prior year, the company earned $0.74 EPS. The firm’s revenue was up .4% on a year-over-year basis. Analysts anticipate that Orion S.A. will post 2.13 earnings per share for the current fiscal year.

Orion Dividend Announcement

The firm 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 $0.021 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Tuesday, June 11th. Orion’s dividend payout ratio (DPR) is currently 5.41%.

About Orion

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding OEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Orion S.A. (NYSE:OECFree Report).

Institutional Ownership by Quarter for Orion (NYSE:OEC)

Receive News & Ratings for Orion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orion and related companies with MarketBeat.com's FREE daily email newsletter.