Orion S.A. (NYSE:OEC) Holdings Lifted by Roubaix Capital LLC

31 Oct 2024, 07:12 by Jessica Moore · The Cerbat Gem

Roubaix Capital LLC grew its holdings in Orion S.A. (NYSE:OEC – Free Report) by 68.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 308,303 shares of the specialty chemicals company’s stock after buying an additional 124,986 shares during the quarter. Orion makes up about 3.0% of Roubaix Capital LLC’s investment portfolio, making the stock its 5th largest holding. Roubaix Capital LLC owned approximately 0.53% of Orion worth $5,491,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. William Blair Investment Management LLC increased its position in shares of Orion by 13.1% during the first quarter. William Blair Investment Management LLC now owns 2,624,526 shares of the specialty chemicals company’s stock valued at $61,729,000 after buying an additional 304,372 shares during the period. American Century Companies Inc. raised its position in shares of Orion by 18.6% in the 2nd 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 in the last quarter. SIR Capital Management L.P. purchased a new position in shares of Orion in the 2nd quarter valued at approximately $3,992,000. Mutual of America Capital Management LLC boosted its position in shares of Orion by 94.9% during the first quarter. Mutual of America Capital Management LLC now owns 270,832 shares of the specialty chemicals company’s stock valued at $6,370,000 after purchasing an additional 131,902 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in Orion by 92.9% in the second quarter. Cubist Systematic Strategies LLC now owns 227,539 shares of the specialty chemicals company’s stock worth $4,992,000 after purchasing an additional 109,599 shares during the period. 94.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the company. JPMorgan Chase & Co. lowered their price objective on Orion from $24.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. StockNews.com cut shares of Orion from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th.

Get Our Latest Report on Orion

Orion Stock Up 1.9 %

OEC stock opened at $15.27 on Thursday. The company has a quick ratio of 0.80, a current ratio of 1.39 and a debt-to-equity ratio of 1.31. The business has a 50 day moving average of $16.98 and a 200 day moving average of $20.68. Orion S.A. has a twelve month low of $14.94 and a twelve month high of $28.48. The firm has a market cap of $891.16 million, a PE ratio of 11.57 and a beta of 1.46.

Orion (NYSE:OEC – Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The specialty chemicals company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.18). Orion had a return on equity of 19.21% and a net margin of 4.09%. The company had revenue of $477.00 million during the quarter, compared to analysts’ expectations of $491.14 million. During the same period in the prior year, the firm earned $0.53 EPS. Orion’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, research analysts forecast that Orion S.A. will post 1.85 EPS for the current fiscal year.

Orion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Friday, December 13th will be paid a $0.021 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Orion’s previous quarterly dividend of $0.02. Orion’s dividend payout ratio is currently 6.06%.

Insider Activity at Orion

In other Orion news, CEO Corning F. Painter acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average cost of $17.48 per share, with a total value of $349,600.00. Following the transaction, the chief executive officer now owns 948,776 shares of the company’s stock, valued at $16,584,604.48. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Dan F. Smith purchased 2,500 shares of Orion stock in a transaction dated Friday, August 9th. The stock was purchased at an average cost of $18.53 per share, for a total transaction of $46,325.00. Following the completion of the purchase, the director now directly owns 78,772 shares of the company’s stock, valued at $1,459,645.16. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Corning F. Painter acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average price of $17.48 per share, for a total transaction of $349,600.00. Following the transaction, the chief executive officer now owns 948,776 shares of the company’s stock, valued at $16,584,604.48. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 47,500 shares of company stock valued at $845,225 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.

About Orion

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